Bitcoin price today: dips below $112k, near 6-wk low despite Fed cut bets
BOSTON—Vitalii Obishchenko, the Chief Operating Officer of SEMrush Holdings, Inc. (NASDAQ:SEMR), recently sold 5,293 shares of the company's Class A Common Stock. The transaction, which took place on January 7, 2025, was valued at approximately $62,086. The shares were sold at a weighted average price of $11.73, with individual transaction prices ranging from $11.51 to $11.83 per share. The company, currently valued at $1.7 billion, has demonstrated strong financial health with impressive gross profit margins of 83% and maintains more cash than debt on its balance sheet, according to InvestingPro data.
The sale was conducted to meet tax withholding obligations resulting from the vesting of restricted stock units (RSUs) on January 1, 2025. This transaction was not a discretionary trade by Obishchenko. Following the sale, Obishchenko retains ownership of 838,659 shares, a portion of which includes RSUs, each representing the right to receive one share of SEMrush's Class A Common Stock upon vesting. With five analysts recently revising earnings estimates upward and the stock showing signs of being undervalued based on InvestingPro's Fair Value analysis, investors can access detailed insights and 14 additional ProTips through the comprehensive Pro Research Report.
In other recent news, Semrush Holdings reported strong Q3 performance with a notable 24% increase in revenue year-over-year, totaling $97.4 million. This operational success also resulted in a non-GAAP operating income of $12.1 million and an improved non-GAAP operating margin of 12.4%, up from 9.5% the previous year. The company's annual recurring revenue (ARR) also saw a 24% growth, reaching $401 million, with the addition of approximately 1,300 net new paying customers.
Furthermore, the company has raised its full-year revenue guidance for 2024, reflecting confidence in its growth trajectory. Q4 2024 revenue is projected to fall between $100.8 million and $101.8 million, indicating a 21% year-over-year growth. The full-year 2024 revenue guidance has been revised upwards to $375 million to $376 million, suggesting a 22% growth rate at the midpoint.
In other developments, Semrush's enterprise SEO product, launched in May 2023, is gaining traction, with over 90 accounts migrated by October. The company also reported a net revenue retention rate of 107%, with higher ARR segments retaining above 120%. These are recent developments that underline the company's ongoing growth and adaptability in the expanding digital marketing landscape.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.