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BOSTON—Oleg Shchegolev, Chief Technology Officer of SEMrush Holdings, Inc. (NASDAQ:SEMR), recently sold a portion of his Class A Common Stock holdings. According to a recent SEC filing, Shchegolev sold 9,563 shares on April 2, 2025, at an average price of $9.44 per share, totaling approximately $90,274. The transaction comes as SEMrush trades near its 52-week low of $8.65, with the stock down about 38% over the past six months. InvestingPro analysis indicates the stock is currently undervalued, with 3 analysts recently revising their earnings estimates upward.
The transaction was necessary to cover tax withholding obligations resulting from the vesting of restricted stock units (RSUs) on April 1, 2025. This sale was not a discretionary trade by Shchegolev. Following the transaction, Shchegolev directly owns 7,402,719 shares of SEMrush, while indirect holdings include 29,239,320 shares in The Oleg Shchegolev Irrevocable Non-Exempt Trust of 2020 and 3,094,714 shares in Shchegolev Holdings, LLC. The company maintains strong fundamentals with impressive gross profit margins of 83% and more cash than debt on its balance sheet. For deeper insights into SEMrush’s valuation and 15+ additional exclusive ProTips, visit InvestingPro.
In other recent news, Semrush Holdings Inc. reported its fourth-quarter 2024 earnings, with revenue reaching $102.6 million, surpassing the expected $101.03 million. However, the company fell short of its earnings per share (EPS) forecast, reporting $0.02 against an anticipated $0.06. Despite the revenue growth of 23% year-over-year, the missed EPS expectations reflect challenges in maintaining profitability. Semrush’s full-year 2024 revenue was $376.8 million, marking a 22% increase from the previous year. The company has also projected its Q1 2025 revenue to be between $103.9 million and $104.7 million, indicating a 22% year-over-year growth. Additionally, Semrush announced the launch of new AI-powered solutions aimed at driving future growth. Analysts from firms like JPMorgan and Morgan Stanley (NYSE:MS) have shown interest in the company’s strategic direction, with some inquiries focusing on the impact of new AI initiatives. The company is also transitioning leadership, with Bill Wagner set to take over as CEO, signaling a continued focus on expanding AI capabilities and enterprise offerings.
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