The first transaction took place on November 16, 2022, when Warden sold 4,523 shares at a weighted average price of $9.61. The second sale occurred on January 9, 2023, with 1,167 shares sold at an average price of $8.24. The most recent sale was on January 7, 2025, involving 8,462 shares at an average price of $11.71.These transactions were executed to meet tax withholding obligations related to the vesting of restricted stock units (RSUs) and were not discretionary trades by Warden. Following these transactions, Warden holds 276,656 shares of SEMrush Class A Common Stock. The company has demonstrated solid growth with revenue increasing 22% year-over-year, and analysts expect continued profitability this year. For a deeper understanding of SEMrush's financial health and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with detailed analysis and actionable insights. The company has demonstrated solid growth with revenue increasing 22% year-over-year, and analysts expect continued profitability this year. For a deeper understanding of SEMrush's financial health and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with detailed analysis and actionable insights.
The first transaction took place on November 16, 2022, when Warden sold 4,523 shares at a weighted average price of $9.61. The second sale occurred on January 9, 2023, with 1,167 shares sold at an average price of $8.24. The most recent sale was on January 7, 2025, involving 8,462 shares at an average price of $11.71.
These transactions were executed to meet tax withholding obligations related to the vesting of restricted stock units (RSUs) and were not discretionary trades by Warden. Following these transactions, Warden holds 276,656 shares of SEMrush Class A Common Stock.
In other recent news, Semrush Holdings reported a solid performance in Q3 2024, with a 24% increase in revenue year-over-year, amounting to $97.4 million. The company's non-GAAP operating income reached $12.1 million, marking an improvement in non-GAAP operating margin to 12.4%. Semrush's annual recurring revenue (ARR) also saw a 24% growth, reaching $401 million.
Recent developments also include the addition of approximately 1,300 net new paying customers, raising the total to 8,000 enterprise accounts. The company's leadership has expressed confidence in Semrush's growth trajectory, leading to an upward revision in the full-year revenue guidance for 2024.
Furthermore, the company anticipates Q4 2024 revenue to be between $100.8 million and $101.8 million, pointing to a 21% year-over-year growth. Semrush maintains a strong balance sheet with $233 million in cash and investments, while its free cash flow margin is expected to be around 8%.
The company's enterprise SEO product, launched in May 2023, is gaining momentum, with over 90 accounts migrated by October. Semrush's strategic initiatives and robust product offerings continue to expand its customer base and increase the average ARR per paying customer, now exceeding $3,400.
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