In a recent transaction, Celsius Holdings , Inc. (NASDAQ:CELH) saw a significant sale of shares by an insider, with over $25 million worth of stock changing hands. The transaction involved the sale of 428,574 shares at a price of $59.6667 each, totaling approximately $25,571,596.
The insider, identified as Deborah DeSantis, is associated with the company as a trustee of the Carl DeSantis Revocable Trust, which has a 99% beneficial interest in CD Financial LLC, the entity that held the shares. According to the filing, DeSantis has shared voting and dispositive power over these shares.
The shares were delivered to unaffiliated third-party purchasers upon the exercise of call options that were sold back on October 25, 2023. These options provided the holder the right to buy, and the seller (in this case, CD Financial LLC) the obligation to sell the shares at a predetermined price.
Following these transactions, the trust's beneficial ownership in Celsius Holdings, Inc. stands at 23,321,589 shares. The disclosure of these transactions provides investors with insight into the trading activities of company insiders, which can be a valuable piece of information for making investment decisions.
Celsius Holdings, Inc., known for its portfolio of energy drinks and other health-related beverages, has seen its stock price fluctuate in recent times. Insider transactions such as these are closely watched by the market as they can sometimes provide indications of an insider’s perspective on the company's future prospects.
InvestingPro Insights
In the wake of the insider transaction at Celsius Holdings, Inc. (NASDAQ:CELH), investors may find the following data and insights from InvestingPro useful for understanding the company's current financial health and market position. As of the latest metrics:
- The company holds a market capitalization of $21.58 billion USD, reflecting its substantial presence in the market.
- Celsius Holdings is trading at a high Price/Earnings (P/E) ratio of 99.57, which is adjusted to 100.2 for the last twelve months as of Q1 2024. This suggests investors are expecting high future earnings growth despite the stock's already significant price relative to earnings.
- The company has demonstrated impressive revenue growth of 81.22% over the last twelve months as of Q1 2024, indicating a strong upward trajectory in sales.
Among the numerous InvestingPro Tips available, two particularly relevant ones for investors considering Celsius Holdings are:
- Analysts anticipate sales growth in the current year, which aligns with the strong revenue growth data, suggesting that the company's financial performance may continue to trend positively.
- The stock has experienced significant returns over the last week, with a 14.38% price total return, which could be indicative of the market's reaction to recent company developments or insider transactions.
For those seeking more in-depth analysis, InvestingPro offers additional tips on Celsius Holdings, Inc., which can be found at https://www.investing.com/pro/CELH. There are 21 more InvestingPro Tips available that delve into various aspects of the company's financial health and market performance. To access these insights and enhance your investment strategy, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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