Semrush holdings chief legal officer sells $101,674 in stock

Published 05/03/2025, 23:16
Semrush holdings chief legal officer sells $101,674 in stock

David W. Mason, the Chief Legal Officer of SEMrush Holdings, Inc. (NASDAQ:SEMR), recently executed a significant transaction involving the company’s stock. According to a recent SEC filing, Mason sold 9,127 shares of SEMrush’s Class A Common Stock on March 3, 2025. The shares were sold at a weighted average price of $11.14, resulting in a total transaction value of approximately $101,674. The transaction comes as SEMrush’s stock trades near its 52-week low of $9.64, having declined about 27% in the past week. According to InvestingPro analysis, the company currently appears undervalued, with strong fundamentals including impressive gross profit margins of 83%.

The sale was conducted to meet tax withholding obligations following the vesting of restricted stock units (RSUs) on March 1, 2025, and was not a discretionary trade by Mason. Prior to this transaction, Mason had acquired 123,636 shares of Class A Common Stock on March 1, 2025, as part of a restricted stock unit award under the company’s 2021 Stock Option and Incentive Plan. These RSUs are set to vest over three years, with the first third vesting on March 1, 2026, and the remainder vesting quarterly over the next 24 months.

Following these transactions, Mason holds 272,924 shares of SEMrush, with a portion represented by RSUs.

In other recent news, Semrush Holdings Inc. announced its fourth-quarter 2024 earnings, reporting revenue of $102.6 million, which exceeded the forecast of $101.03 million and reflected a 23% year-over-year growth. However, the company’s earnings per share (EPS) fell short of expectations, coming in at $0.02 compared to the anticipated $0.06. For the full year 2024, Semrush achieved a revenue of $376.8 million, marking a 22% increase from the previous year. The company also provided guidance for the first quarter of 2025, projecting revenue between $103.9 million and $104.7 million, with an expected year-over-year growth of 22%.

Additionally, Semrush’s full-year 2025 revenue guidance is set between $448 million and $453 million, aiming for a 20% increase. The company is focusing on expanding its AI capabilities and enterprise offerings to drive future growth. In terms of analyst activity, there was no mention of any upgrades or downgrades. Semrush has also launched new AI-powered solutions, aiming to enhance its market presence. These recent developments underscore Semrush’s efforts to maintain its leadership in the digital marketing sector despite facing challenges in profitability.

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