In a recent move, William H. Milmoe, a significant shareholder of Celsius Holdings , Inc. (NASDAQ:CELH), has sold a substantial amount of company stock, totaling over $76 million. The transactions, which occurred on three consecutive days, have been duly reported.
On April 29, 2024, Milmoe sold 214,284 shares at a price of $59.6667 each. The following day, on April 30, another set of 214,284 shares were sold at the same price. The selling spree continued into May, with an additional 214,284 shares sold on May 1, each at the price of $59.6667. Each day's transactions amounted to approximately $12.78 million, totaling around $38.36 million for the "S(2)" transactions.
Simultaneously, a separate set of transactions labeled "S(3)" mirrored the activity of "S(2)" transactions both in the number of shares sold and the prices obtained. This set of transactions also summed up to roughly $38.36 million.
After these transactions, Milmoe's ownership in Celsius Holdings has been adjusted, but he still retains a significant stake in the company. As per footnotes in the report, Milmoe holds shared voting and dispositive power over these shares through his roles in CD Financial LLC and as a trustee of the Carl DeSantis Revocable Trust.
Investors often monitor insider transactions as they can provide insights into the executives' perspectives on the company's current valuation and future prospects. The recent sales by Milmoe at Celsius Holdings represent a notable adjustment in his investment position, although the underlying reasons for the transactions are not disclosed in the filings.
Celsius Holdings, known for its portfolio of energy drinks and other health-related beverages, is a company that has garnered significant investor interest. As with any insider transaction, market participants will likely scrutinize these sales for any implications they may have on the company's financial health and strategic direction.
InvestingPro Insights
Amidst the notable insider transactions at Celsius Holdings, Inc. (NASDAQ:CELH), investors are keenly observing the company's financial metrics and market performance. According to recent data from InvestingPro, Celsius Holdings holds a market capitalization of 16.86 billion USD, which reflects its standing in the industry. The company's P/E ratio, as of the last twelve months ending Q4 2023, stands at 92.64, indicating a high valuation relative to its earnings.
InvestingPro Tips highlight that Celsius Holdings is currently trading at a low P/E ratio in comparison to its near-term earnings growth potential, suggesting a potentially attractive entry point for investors considering the company's future earnings trajectory. Moreover, analysts are projecting a sales growth for the current year, which could signal a positive outlook for the company's revenue stream.
Additional metrics of interest include a substantial revenue growth of 101.65% over the last twelve months as of Q4 2023, and a robust gross profit margin of 48.04%. These figures underscore the company's ability to not only increase its sales but also to maintain profitability. It's also noteworthy that Celsius Holdings has seen a strong return of 106.88% over the past year, reflecting investor confidence and market momentum.
For those looking to delve deeper into the financial nuances and strategic analysis of Celsius Holdings, there are more InvestingPro Tips available, offering a comprehensive understanding of the company's valuation metrics and stock performance. To access these tips and take advantage of the insights provided, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With a total of 19 additional tips listed in InvestingPro, investors can gain a more nuanced view of the company's financial health and market position.
Interested readers can find further insights and metrics for Celsius Holdings by visiting https://www.investing.com/pro/CELH.
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