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Eugenie Levin, President of SEMrush Holdings, Inc. (NASDAQ:SEMR), recently sold shares of the company’s Class A Common Stock worth approximately $278,313. The sale comes as SEMrush stock trades near its 52-week high of $17.95, having delivered an impressive 47% return year-to-date. The transactions, which took place on February 3 and 4, involved the sale of 16,240 shares at prices ranging from $17.11 to $17.50 per share. Following these sales, Levin holds 492,309 shares, a portion of which are restricted stock units. According to InvestingPro analysis, SEMrush maintains strong financial health with impressive gross profit margins of 83%. These transactions were executed under a Rule 10b5-1 trading plan, originally adopted in May 2023 and modified in August 2024. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with 20+ additional insights available to subscribers through the comprehensive Pro Research Report.
In other recent news, SEMrush Holdings, Inc. reported robust growth in its third quarter earnings, noting a 24% increase in revenue year-over-year to $97.4 million. The company also revealed an improved non-GAAP operating margin of 12.4%, up from 9.5% in the previous year. The company’s annual recurring revenue (ARR) also saw a 24% growth, reaching $401 million. These recent developments have led SEMrush to raise its full-year revenue guidance for 2024.
In addition, Northland initiated coverage on SEMrush, assigning the stock an Outperform rating with a price target of $18.00. The firm highlighted SEMrush’s role as a comprehensive digital data platform and its strategies for acquiring new customers, increasing revenue from existing customers, and scaling its enterprise solution.
Finally, Morgan Stanley (NYSE:MS) has upgraded SEMrush from Equalweight to Overweight, increasing the price target to $20.00. The firm cited strong margins and a robust revenue outlook for SEMrush, emphasizing the company’s potential for growth and profitability. These recent analyst upgrades and positive earnings results underscore SEMrush’s strong position in the competitive digital marketing space.
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