Semrush President Levine Eugenie sells $469,152 per share By Investing.com

SEMrush Holdings, Inc. (NASDAQ: SEMR ) President Levin Eugenie has sold a significant portion of his holdings of Class A common stock. According to the most recent SEC filing, Eugenie sold 28,800 shares on January 21, 2025. The stock traded at an average price of $16.29, with the price range ranging from $16.00 to $16.52. The total sale price was $469,152. The transaction comes as SEMrush is trading near a 52-week high of $16.95, and the stock is showing impressive momentum, up 32% year-to-date. According to InvestingPro’s analysis, the company currently appears to be fairly valued. After this transaction, Eugenie will own 508,549 shares, some of which include restricted stock units. The sale was made pursuant to a Rule 10b5-1 marketing plan adopted in May 2023 and amended in August 2024. With a market capitalization of $2.32 billion, SEMrush maintains a “great” financial health score according to InvestingPro. Comprehensive Analysis 16 Additional Protips and Detailed Pro Research Report Deep insights into company fundamentals and outlook.

In other recent news, SEMrush Holdings Inc. The third quarter of 2024 saw strong growth, with year-over-year revenue up 24% to $97.4 million. Non-GAAP operating income was $12.1 million, and annual recurring revenue rose 24 percent to $401 million, which added nearly 1,300 new paying customers. In light of these developments, SEMrush has raised its full-year revenue guidance to 2024.

Launched in May 2023, the company’s Enterprise SEO product has been gaining traction with over 90 accounts migrated as of October. Net income retention rate stands at 107%, while higher ARR segments remain above 120%.

In analyst coverage, Northland maintained an Outperform rating and a $18.00 price target on shares of SEMrush, citing the company’s strong financial health and impressive gross margins. At the same time Morgan Stanley (NYSE: ) upgraded SEMrush’s stock from an equal weight rating to an overweight rating, increasing the price target to $20.00. Both companies highlighted SEMrush’s growth potential and strategic initiatives.

These latest developments highlight SEMrush’s continued growth and expansion in the digital marketing landscape.

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