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BOSTON—Levin Eugenie, the President of SEMrush Holdings, Inc. (NASDAQ:SEMR), recently sold a significant portion of her holdings in the company. The sale comes as the stock trades near its 52-week high of $18.74, having gained 50% year-to-date according to InvestingPro data. According to a Form 4 filing with the Securities and Exchange Commission, Eugenie sold 12,560 shares of Class A Common Stock on February 18, 2025. The shares were sold at a weighted average price of $17.70, resulting in a total transaction value of $222,312. With analyst price targets ranging from $17 to $21, and the company’s next earnings report due on February 26, investors can access comprehensive analysis through InvestingPro’s detailed research reports.
This transaction was conducted under a Rule 10b5-1 trading plan, initially adopted on May 15, 2023, and modified on August 8, 2024. After this sale, Eugenie retains ownership of 479,749 shares, some of which include restricted stock units (RSUs) that will convert into shares of Class A Common Stock upon vesting.
The shares were sold in a series of transactions at prices ranging from $17.56 to $17.82. Levin Eugenie remains a key executive at SEMrush, a company specializing in prepackaged software services.
In other recent news, SEMrush Holdings, Inc has been the subject of positive analyst coverage. Northland initiated coverage on SEMrush, assigning the stock an Outperform rating with a price target of $18.00. The firm highlighted SEMrush’s comprehensive digital data platform and growth strategies, including customer acquisition, increased revenue from existing customers, new product development, and scaling of enterprise solutions.
Similarly, Morgan Stanley (NYSE:MS) upgraded SEMrush from Equalweight to Overweight, increasing the price target to $20.00. This adjustment reflects the firm’s positive outlook on SEMrush’s growth and profitability potential. The analyst, Elizabeth Porter, underscored the company’s prospects for expansion, particularly through its large enterprise product opportunities, which she believes the market has yet to fully appreciate.
These recent developments indicate a favorable outlook for SEMrush, with both Northland and Morgan Stanley expressing confidence in the company’s growth prospects and strategic initiatives. However, as these are analyst projections, they are subject to market risks and uncertainties.
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