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David Mason, General Counsel of SEMrush Holdings, Inc. (NASDAQ:SEMR), recently sold 1,875 shares of the company’s Class A common stock. The sale, valued at approximately $32,156, was conducted to meet tax withholding obligations following the vesting of restricted stock units (RSUs) on February 1, 2025. The transaction comes as SEMrush demonstrates strong market performance, with the stock up over 47% year-to-date and trading near its 52-week high of $17.95. The shares were sold at an average price of $17.15, with transactions occurring within a range of $16.96 to $17.27. Following this transaction, Mason holds 158,415 shares directly, a portion of which are RSUs. InvestingPro analysis shows SEMrush maintains impressive gross profit margins of 83% and received a "GREAT" financial health score, with 20+ additional insights available to subscribers through the comprehensive Pro Research Report.
In other recent news, SEMrush Holdings reported a robust 24% increase in revenue year-over-year, reaching $97.4 million in Q3 of 2024. The company’s non-GAAP operating income was $12.1 million, and the non-GAAP operating margin improved to 12.4%, up from 9.5% in the previous year. The annual recurring revenue (ARR) also grew by 24% to $401 million, with the addition of approximately 1,300 net new paying customers.
In other developments, SEMrush received an upgrade from Morgan Stanley (NYSE:MS), with the firm’s analysts raising the stock rating from Equalweight to Overweight and increasing the price target for SEMrush to $20.00. This revision reflects Morgan Stanley’s positive outlook on the company’s potential for growth and profitability.
Northland also initiated coverage on SEMrush, assigning the stock an Outperform rating and setting a price target of $18.00. The research firm outlined the reasoning behind the positive outlook for SEMrush, highlighting the company’s role as a comprehensive digital data platform.
These recent developments reflect the ongoing growth and positive outlook for SEMrush. The company’s focus on expanding its customer base and enhancing its product offerings is expected to drive the company’s performance moving forward. As SEMrush continues to execute its growth strategy, it remains a key player in the online visibility management space.
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