The first transaction occurred on November 16, 2022, when Warden sold 4,523 shares at a weighted average price of $9.61. The second sale took place on January 9, 2023, with 1,167 shares sold at an average price of $8.24. The last sale was on January 7, 2025, involving 8,462 shares at an average price of $11.71. These transactions were made to satisfy withholding tax obligations related to the grant 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 shown solid growth with revenue up 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 extensive Pro Research Report available at InvestingProcovering over 1,400 US stocks with detailed analysis and actionable insights. The company has shown solid growth with revenue up 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 extensive Pro Research Report available at InvestingProcovering over 1,400 US stocks with detailed analysis and actionable insights.
The first transaction occurred on November 16, 2022, when Warden sold 4,523 shares at a weighted average price of $9.61. The second sale took place on January 9, 2023, with 1,167 shares sold at an average price of $8.24. The last sale was on January 7, 2025, involving 8,462 shares at an average price of $11.71.
These transactions were made to satisfy withholding tax obligations related to the grant 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 solid Q3 2024 results, with revenue up 24% year-over-year to $97.4 million. The company’s non-GAAP operating income reached $12.1 million, marking an improvement in GAAP operating margin to 12.4%. Semrush’s annual recurring revenue (ARR) also saw a 24% increase, reaching $401 million.
Recent developments also include the addition of approximately 1,300 net new paying customers, bringing the total to 8,000 business accounts. Company management expressed confidence in Semrush’s growth trajectory, prompting an upward revision to full-year 2024 revenue guidance.
Furthermore, the company anticipates that revenue for the fourth quarter of 2024 will be between $100.8 million and $101.8 million, indicating growth of 21% over last year. 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 business SEO product, launched in May 2023, is gaining momentum, with more than 90 accounts migrated by October. Semrush’s strategic initiatives and strong product offering continue to expand its customer base and increase its average ARR per paying user, now exceeding $3,400.
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