Celsius Holdings , Inc. (NASDAQ:CELH), a key player in the bottled and canned soft drinks market, has reported a significant stock transaction by a major shareholder. Dean DeSantis, identified as a ten percent owner of the company, has sold 53,880 shares of common stock at a price of $92.81 per share. This sale amounted to a total value of $5,000,602.
The transaction took place on May 16, 2024, and was made public via a Form 4 filing with the Securities and Exchange Commission on May 22, 2024. Following the sale, DeSantis still holds 165,377 shares of Celsius Holdings, Inc., indicating a continued substantial investment in the company.
Celsius Holdings, Inc., with its headquarters in Boca Raton, Florida, has been a notable name in the industry with its range of functional drinks. The company's stock performance often reflects the dynamic nature of the beverage sector, which is influenced by consumer trends and preferences.
Investors and market watchers closely monitor insider transactions as they can provide insights into the company's financial health and future prospects. The sale by DeSantis is a notable event, as transactions of this magnitude by insiders are often considered newsworthy.
The company's shares are traded on the NASDAQ stock exchange under the ticker symbol CELH. Celsius Holdings has a history dating back to its former name, Vector Ventures Corp., and has been incorporated in Nevada. With a fiscal year ending on December 31, the company continues to be a significant entity within the manufacturing sector of carbonated waters and soft drinks.
This recent filing provides a snapshot of insider activity and the ongoing financial movements within Celsius Holdings, Inc. Investors will likely be keeping an eye on how such transactions may impact the market and the company's stock price in the upcoming trading sessions.
InvestingPro Insights
Celsius Holdings, Inc. (NASDAQ:CELH) has been making waves in the beverage industry, not only through its product offerings but also through its financial performance. According to the latest data from InvestingPro, Celsius Holdings boasts a robust market capitalization of approximately $21.79 billion. This valuation reflects the company's significant presence in the market and investor confidence in its growth trajectory.
The company's revenue has shown an impressive increase, with an 81.22% growth in the last twelve months as of Q1 2024. This surge in revenue is a testament to the company's ability to expand its market share and capitalize on consumer trends. Additionally, the gross profit margin stands at a healthy 49.62%, indicating efficient management of production costs and a strong pricing strategy.
One of the notable InvestingPro Tips for Celsius Holdings is that analysts anticipate sales growth in the current year. This aligns with the reported revenue growth and suggests that the company is on track to continue its upward trajectory. Moreover, the company holds more cash than debt on its balance sheet, providing it with financial flexibility and a solid foundation for future investments or to weather any potential market downturns.
With 21 additional tips available on InvestingPro, investors can delve deeper into the company's financials and market position. For those looking to enhance their investment strategies with comprehensive analytics, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
As Celsius Holdings continues to navigate the competitive landscape of the bottled and canned soft drinks market, these financial metrics and insights will be crucial for investors to monitor the company's performance and make informed decisions.
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