In a recent transaction, Celsius Holdings , Inc. (NASDAQ:CELH) director Caroline S. Levy has sold 20,000 shares of company stock, netting over $1.89 million. The sale took place on March 13, 2024, with the shares sold at a weighted average price of $94.77, ranging from $94.75 to $94.82 per share.
Levy's transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission. The document also indicated that on the same day, Levy acquired 20,000 shares at a price of $4.84, amounting to a total of $96,800. These shares were acquired through the exercise of options as part of the company's employee stock option plan.
Following the sale, Levy still owns 37,891 shares of Celsius Holdings directly. The transactions have adjusted Levy's holdings in the company but also reflect a significant cashing out of her investment, which investors often look to for signals about the company's future performance and insider confidence.
Celsius Holdings, based in Boca Raton, Florida, specializes in bottled and canned soft drinks and carbonated waters. The company has seen its profile rise in the competitive beverage industry, with its stock being traded under the CELH ticker on the NASDAQ.
Investors and followers of Celsius Holdings may request additional details about the transactions from the reporting person, should they need further information about the specific prices at which the shares were sold within the reported range.
InvestingPro Insights
The recent insider transaction involving director Caroline S. Levy at Celsius Holdings, Inc. (NASDAQ:CELH) has caught the attention of market observers. While insider sales can sometimes raise questions about a company's future prospects, it's essential to consider a broader set of financial metrics to gain a comprehensive understanding of the company's position. Let's dive into some real-time data from InvestingPro to enrich our perspective.
As of the latest metrics, Celsius Holdings boasts a robust market capitalization of $21.76 billion, reflecting the company's significant presence in the beverage industry. The company's P/E ratio stands at a high of 118.48, which may suggest investor optimism about future earnings growth, despite it trading at a high multiple. This optimism could be linked to the company's impressive revenue growth of 101.65% in the last twelve months as of Q1 2023, signaling strong market demand for its products.
Moreover, the company's gross profit margin is reported at 48.04%, indicating a healthy profitability from its sales. This is a critical factor for investors assessing the company's ability to maintain profitable operations amid competitive pressures.
InvestingPro Tips highlight a couple of noteworthy points for potential investors. First, 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, providing a positive outlook for the company's performance.
For those interested in a deeper analysis, there are 21 additional InvestingPro Tips available, which can offer further insights into Celsius Holdings' financial health and market position. These tips could be particularly valuable for investors looking to make a well-informed decision regarding their investment in CELH.
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