Levin Eugenie, President of SEMrush Holdings, Inc. (NASDAQ:SEMR), sold a large portion of its Class A Common Stock holdings. According to a recent SEC filing, Eugenie sold 28,800 shares on January 21, 2025. The shares were traded at a weighted average price of $16.29, with transactions of occurred in the price range of $ 16.00 to $ 16.52. The total sales amount was $469,152. The transaction comes as SEMrush is trading near a 52-week high of $16.95, with the stock showing impressive momentum, up more than 32% year to date. According to InvestingPro analysis, the company now appears fairly valued. Following this transaction, Eugenie continues to own 508,549 shares, some of which include restricted stock units. The sale was made under a Rule 10b5-1 trading plan, originally adopted in May 2023 and revised in August 2024. SEMrush, with a market capitalization of $2.32 billion, maintains a “GREAT” financial health score according to InvestingProwhich offers comprehensive analysis including 16 additional ProTips and a detailed Pro Research Report for deeper insights into the company’s fundamentals and outlook.

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

The company’s SEO business product, launched in May 2023, gained traction with over 90 accounts transferred in October. The net revenue retention rate stood at 107%, with higher ARR segments remaining above 120%.

On the analyst front, Northland initiated coverage on shares of SEMrush with an Outperform rating and a price target of $18.00, citing the company’s strong financial health and impressive gross profit margin. . Similarly, Morgan Stanley (NYSE:) upgraded SEMrush stock from Equalweight to Overweight, increasing the price target to $20.00. Both companies highlight SEMrush’s growth potential and strategic initiatives.

These recent developments highlight SEMrush’s continued growth and adaptation to the expanding digital marketing landscape.

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