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Why is SEMrush Holdings Inc (SEMR) Stock down?

We've noticed a 16.23% decline in SEMrush Holdings Inc (SEMR) stock during the 2024-03-05 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
09 May, 2023:

Semrush Holdings faced a significant decline in share value on Tuesday following the release of their first-quarter results. The online marketing software company's growth has decelerated, resulting in a drop in the stock market. https://www.fool.com/investing/2023/05/09/why-semrush-stock-got-hammered-today/

$161.86
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$257.93
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$58.53
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$288.81
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$317.85
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$65.67
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