Semrush President Levin Eugenie sells $469,152 worth of stock Via Investing.com

Levin Eugenie, President of SEMrush Holdings, Inc. (NASDAQ: SEMR), has sold a majority of its Class A Common Stock Holdings. According to the latest SEC report, Eugenie sold 28,800 shares on January 21, 2025. The shares were traded at a price of $16.29, and the transactions occur within the price of $16.00 to $16.52. The total sale price came to $469,152. This move comes as SEMrush is trading near its 52-week high of $16.95, and the stock is showing impressive momentum, up more than 32% year to date. To follow InvestingPro review, the company currently appears to be fairly valued. After this transaction, Eugenie still owns 508,549 shares, some of which include restricted shares. The sale was made under a Rule 10b5-1 business plan, which was originally approved in May 2023 and amended in August 2024. SEMrush, with a market capitalization of $2.32 billion , keeps a “GREAT” of financial health to follow InvestingProwhich provides a comprehensive analysis including 16 additional ProTips and a Pro Research Report for in-depth information on the company’s fundamentals and outlook.

In other recent news, SEMrush Holdings Inc. reported strong growth in the third quarter of 2024, with an increase in annual revenue of 24% to $97.4 million. Non-GAAP operating income stood at $12.1 million, and annual recurring revenue rose 24% to $401 million, adding nearly 1,300 new paying customers. As a result of this development, SEMrush has raised its full-year guidance for 2024.

The company’s commercial SEO product, launched in May 2023, continues to grow with more than 90 accounts transferred in October. The gross revenue retention rate stands at 107%, and the high ARR segments have maintained above 120%.

Ahead of the analyst, Northland initiated coverage on SEMrush shares with an Outperform rating and a $18.00 price target, citing the company’s financial health and impressive profitability. Similarly, Morgan Stanley (NYSE:) upgraded SEMrush stock from Equalweight to Overweight, increasing the price target to $20.00. Both firms highlighted SEMrush’s growth and strategic initiatives.

These latest updates highlight SEMrush’s continued growth and adaptability in the growing digital marketing landscape.

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