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Vitalii Obishchenko, the Chief Operating Officer of SEMrush Holdings, Inc. (NASDAQ:SEMR), recently executed a significant stock transaction. On March 3, Obishchenko sold 36,777 shares of Class A Common Stock, valued at approximately $411,534. These shares were sold at a weighted average price of $11.19, with individual transaction prices ranging from $10.90 to $11.43. The transaction comes as SEMrush stock has declined 26.77% over the past week, according to InvestingPro data, with shares now trading near their 52-week low of $9.64.
The sale was primarily conducted to meet tax withholding obligations stemming from the vesting of restricted stock units (RSUs) on March 1. This transaction was not a discretionary trade by Obishchenko. Following the sale, Obishchenko holds 1,020,063 shares of SEMrush, a portion of which includes RSUs that will vest over the next three years. Despite recent market pressure, analysts maintain a bullish outlook, with five analysts recently revising earnings estimates upward. SEMrush maintains strong fundamentals with impressive gross profit margins of 82.62% and more cash than debt on its balance sheet.
In other recent news, Semrush Holdings Inc. reported its fourth-quarter 2024 earnings, revealing a revenue of $102.6 million, which exceeded the forecast of $101.03 million. Despite this, the company missed its earnings per share (EPS) forecast, reporting $0.02 against an expected $0.06. Semrush’s full-year revenue for 2024 reached $376.8 million, marking a 22% increase from the previous year. In terms of future projections, Semrush has set a full-year 2025 revenue guidance of $448 million to $453 million, aiming for a 20% increase. The company is focusing on expanding its AI capabilities and enterprise offerings to drive future growth. Additionally, Semrush recently launched new AI-powered solutions, which are part of its strategy for continued expansion. The company also announced a leadership change, with Bill Wagner stepping in as CEO, indicating a strategic focus on innovation and market opportunities. These developments reflect Semrush’s efforts to maintain its position in the competitive digital marketing sector.
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