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SEMrush Holdings, Inc. (NASDAQ:SEMR) President Levin Eugenie made notable transactions as reported in a recent SEC filing. On March 1, 2025, Eugenie acquired 218,181 shares of Class A Common Stock at no cost, as part of a restricted stock unit grant under the company’s 2021 Stock Option and Incentive Plan. These shares are set to vest over the next three years. The transaction comes as SEMrush, currently valued at $1.6 billion, maintains strong financial health with impressive gross profit margins of 83% and more cash than debt on its balance sheet.
Following this, on March 3, 2025, Eugenie sold 11,662 shares at a weighted average price of $11.15 per share, amounting to $130,031. The sale was conducted to meet tax withholding obligations resulting from the vesting of restricted stock units, rather than as a discretionary trade. According to InvestingPro analysis, the stock is currently trading near its 52-week low of $10.15, with analysts setting price targets ranging from $14 to $21.
Post-transaction, Eugenie holds 686,268 shares, which include some restricted stock units that will vest in future periods. InvestingPro data reveals 17 additional key insights about SEMrush’s valuation and growth prospects, available in the comprehensive Pro Research Report.
In other recent news, Semrush Holdings Inc. reported its fourth-quarter 2024 earnings, revealing a revenue of $102.6 million, which exceeded the forecast of $101.03 million. However, the company missed its earnings per share (EPS) forecast, reporting $0.02 against an expected $0.06. For the full year, Semrush’s revenue reached $376.8 million, marking a 22% increase from the previous year. The company has also set its revenue guidance for the first quarter of 2025 between $103.9 million and $104.7 million, indicating a 22% year-over-year growth. Looking forward, Semrush aims for a full-year 2025 revenue between $448 million and $453 million, targeting a 20% increase. Additionally, Semrush has launched new AI-powered solutions as part of its strategy to drive future growth. The company is also focusing on expanding its enterprise offerings, which has shown strong adoption in the recent quarter. These developments come amidst a transition in leadership, with Bill Wagner set to take over as CEO, succeeding Oleg Shlagle, who will become the Chief Technology Officer.
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