In a recent move that has caught the eye of investors, an insider at Celsius Holdings , Inc. (NASDAQ:CELH) has sold a significant amount of company stock. According to the latest Form 4 filing with the Securities and Exchange Commission, William H. Milmoe, who is associated with the company as a ten percent owner, divested a total of 428,574 shares of Celsius Holdings' common stock.
The transactions, which occurred on May 7, 2024, were executed at a price of $59.6667 per share, resulting in a combined total of approximately $25.6 million. Milmoe's sales were conducted through CD Financial LLC, where he serves as the manager and is a trustee of the Carl DeSantis Revocable Trust, which holds a 99% beneficial interest in CD Financial LLC. CD Financial LLC is the record holder of the shares that were sold.
Investors often scrutinize insider transactions as they may provide insights into the insiders' perspective on the company's current valuation and future prospects. In this case, the shares were delivered upon the exercise of call options that had been sold to unaffiliated third-party purchasers in the previous year.
Following these transactions, the reporting person's ownership in Celsius Holdings remains substantial, with over 23 million shares still under indirect control. The nature of ownership indicates that Milmoe has shared voting and dispositive power over these shares.
Celsius Holdings, Inc., based in Boca Raton, Florida, operates in the beverage industry, specializing in bottled and canned soft drinks and carbonated waters. These insider transactions come at a time when the market is closely monitoring the movements of company insiders, especially those with significant holdings.
Investors in Celsius Holdings will likely continue to watch for any further insider transactions that may signal shifts in the company's internal perspectives or strategic direction.
InvestingPro Insights
Amidst the intriguing insider transactions at Celsius Holdings, Inc. (NASDAQ:CELH), investors are keen on understanding the company's financial health and market performance. With a robust market capitalization of $17.93 billion, Celsius Holdings stands out in the beverage industry. The company's impressive revenue growth is notable, with the last twelve months as of Q4 2023 showing a remarkable increase of 101.65%. This is further complemented by a quarterly revenue growth of 95.23% in Q4 2023, reflecting Celsius Holdings' expanding market reach and business scale.
InvestingPro Tips reveal that analysts are optimistic about Celsius Holdings' sales growth in the current year, aligning with the company's recent revenue trends. This growth is a potential indicator of the company's ability to innovate and capture market share. Moreover, the company's stock has experienced significant returns over the last week, with a price total return of 9.91%. This short-term performance could be indicative of market sentiment and investor confidence following the insider transactions.
For those considering adding Celsius Holdings to their portfolio, there are 18 additional InvestingPro Tips available, which can provide deeper insights into the company's valuation, growth prospects, and market position. These tips can be accessed at https://www.investing.com/pro/CELH, and interested investors can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, enhancing their investment research tools.
Lastly, it's worth noting that Celsius Holdings holds more cash than debt on its balance sheet, a reassuring sign of financial stability and risk management. This liquidity position, coupled with the company's growth trajectory, could be relevant factors for investors to consider in light of the recent insider selling activity.
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