Celsius Holdings , Inc.'s (NASDAQ:CELH) Chief Supply Chain Officer, Paul H. Storey, recently sold company shares, generating over $138,000. The transactions occurred on May 7, 2024, and were reported in a regulatory filing with the SEC on May 9, 2024.
Storey sold a total of 1,833 shares of Celsius Holdings' common stock at an average price of $75.43. The sales were executed in multiple transactions ranging from $73.54 to $76.00 per share. Following this transaction, Storey still owns 41,044 shares directly, indicating continued investment in the company's future.
The shares were sold primarily to cover tax liabilities associated with the vesting of Restricted Stock Units (RSUs), as noted in the filing's footnotes. This is a common practice among executives, where shares are sold to meet tax obligations incurred when RSUs vest and become taxable income.
This recent sale represents a significant transaction by a key member of Celsius Holdings' executive team. Investors often watch such sales for insights into executives' perspectives on the company's valuation and future prospects. However, it's important to note that selling shares to cover taxes is a routine and often expected part of compensation for executives.
Celsius Holdings, Inc., headquartered in Boca Raton, Florida, operates in the beverage industry, specializing in bottled and canned soft drinks and carbonated waters. The company's stock trades on the NASDAQ under the ticker symbol CELH.
InvestingPro Insights
Amidst the news of insider transactions at Celsius Holdings, Inc. (NASDAQ:CELH), investors are considering the company's financial health and market performance. The latest data from InvestingPro shows a robust picture of CELH's financial metrics and market valuation.
With a market capitalization of $19.13 billion, CELH demonstrates a strong presence in the market. The company's P/E ratio is currently elevated at 88.91, reflecting a premium that investors are willing to pay for its earnings. This is slightly adjusted to 89.12 when looking at the last twelve months as of Q1 2024. However, the PEG ratio, which accounts for earnings growth, stands at an attractive 0.38, suggesting that the company's earnings growth may justify the higher P/E ratio.
Investors are also looking at the company's revenue growth, which has been impressive. The revenue for the last twelve months as of Q1 2024 reached $1.413 billion, with a striking growth rate of 81.22%. Additionally, the gross profit margin stands at a healthy 49.62%, indicating efficient operations and profitability.
Two InvestingPro Tips that might be particularly relevant in light of the recent insider share sale are:
- Analysts anticipate sales growth in the current year, which may indicate confidence in the company's ability to continue its upward trajectory.
- CELH holds more cash than debt on its balance sheet, providing financial stability and flexibility for future investments or to weather economic downturns.
For investors seeking a deeper dive into Celsius Holdings' financials and future prospects, InvestingPro offers a comprehensive suite of additional tips. Currently, there are 18 more InvestingPro Tips available for CELH, which can provide valuable insights into the company's valuation, profitability, and market performance.
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