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BOSTON—Dmitry Melnikov, a director and significant shareholder of SEMrush Holdings, Inc. (NASDAQ:SEMR), recently sold 1,405 shares of the company’s Class A common stock. The shares were sold at an average price of $9.45 per share, totaling approximately $13,277. The transaction comes as the stock trades near its 52-week low of $8.65, having declined about 38% over the past six months, according to InvestingPro data.
The transaction, which took place on April 2, was reported in a Form 4 filing with the Securities and Exchange Commission. This sale was conducted to meet tax withholding obligations due to the vesting of restricted stock units and does not represent a discretionary trade by Melnikov.
Following the transaction, Melnikov holds approximately 2,609,939 shares directly. Additionally, he maintains indirect ownership through various trusts, including The Melnikov Family GRAT Remainder Trust, Min Choron LLC, and The Dmitry Melnikov Grantor Retained Annuity Trusts, among others. These holdings include a significant number of shares, reflecting Melnikov’s substantial investment in SEMrush.
SEMrush Holdings, a provider of prepackaged software services, continues to be a key player in the digital marketing industry, maintaining impressive gross profit margins of 82.6% and achieving revenue growth of 22.5% over the last twelve months. Investors often closely monitor insider transactions as they can provide insights into the company’s prospects and the confidence of its executives. InvestingPro analysis suggests the stock is currently undervalued, with 17 additional key insights available to subscribers, including detailed financial health metrics and growth projections.
In other recent news, Semrush Holdings Inc. reported its fourth-quarter 2024 earnings, revealing a revenue of $102.6 million, surpassing the forecast of $101.03 million. However, the company missed its earnings per share (EPS) forecast, reporting $0.02 against an expected $0.06. Despite the mixed financial results, Semrush reported a full-year 2024 revenue of $376.8 million, marking a 22% increase from the previous year. The company is projecting a revenue range of $103.9 million to $104.7 million for the first quarter of 2025, indicating a 22% year-over-year growth. Semrush has also 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, aiming for further market expansion. These developments reflect the company’s strategic direction and ongoing efforts to enhance its product portfolio.
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