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Celsius Holdings insider sells $3.7m in stock

Published 05/20/2024, 07:05 PM

In a recent move that has caught the attention of investors, a significant transaction involving shares of Celsius Holdings , Inc. (NASDAQ:CELH) was reported. William H. Milmoe, who is a major shareholder of the company, has sold a total of 40,000 shares at an average price of $92.95, amounting to $3.7 million.

The sale took place on May 17, 2024, and was disclosed in a regulatory filing with the Securities and Exchange Commission. Prior to this sale, on May 16, Milmoe exercised options to acquire 65,000 shares of common stock at a strikingly low price of $1.08 per share, totaling an investment of $70,200.

Celsius Holdings, Inc., known for its bottled and canned soft drinks and carbonated waters, has been a subject of investor interest due to its performance in the market. The transactions by Milmoe have therefore been closely monitored, as insider trading activity can provide insights into a company's financial health and future prospects.

Following the sale, Milmoe's ownership in the company stands at 226,245 shares of common stock. It is important to note that the transactions reported are part of the standard disclosures required by corporate insiders, and they offer a glimpse into the actions of those who are most familiar with the company.

Investors often view insider buying as a positive sign that those with the most intimate knowledge of the company's workings are confident in its future. Conversely, insider sales can sometimes raise questions about an insider's long-term belief in the company's prospects. However, such sales can also be part of regular financial planning or portfolio management strategies and do not necessarily indicate a lack of confidence.

The details of the transactions, including the exercise of options granted under the Issuer's 2016 Stock Incentive Plan, were outlined in the footnotes of the filing, underscoring the importance of these notes for investors seeking a complete understanding of the financial moves.

As market watchers continue to observe Celsius Holdings, Inc., insider activities such as those of Milmoe will undoubtedly remain in focus.

InvestingPro Insights

In light of the recent insider transactions at Celsius Holdings, Inc. (NASDAQ:CELH), it's prudent to consider the company's financial health and market performance through key metrics and insights from InvestingPro. Celsius Holdings currently holds a robust market capitalization of 22.4 billion USD, reflecting a significant presence in the market. This is complemented by an impressive revenue growth of 81.22% over the last twelve months as of Q1 2024, indicating a strong upward trajectory in sales.

From an investment standpoint, the company's stock has experienced a remarkable one-year price total return of 118.93%, showcasing its attractive performance to shareholders. However, with a high P/E ratio of 103.14, some investors might be cautious, considering the stock's valuation relative to its earnings. Despite this, the company's high gross profit margin of 49.62% over the same period suggests efficient operations and profitability.

When it comes to InvestingPro Tips, investors might be interested to know that Celsius Holdings holds more cash than debt on its balance sheet, which is a reassuring sign of financial stability. Additionally, analysts anticipate sales growth in the current year, which could signal continued momentum for the company. For those seeking more comprehensive analysis, there are 20 additional InvestingPro Tips available, providing deeper insights into Celsius Holdings' financials and market prospects. Interested investors can find these tips at https://www.investing.com/pro/CELH and can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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