In a recent transaction on March 13, an insider at Celsius Holdings , Inc. (NASDAQ:CELH), a key player in the bottled and canned soft drinks industry, has sold a significant number of shares. The transaction was disclosed in a mandatory filing with the Securities and Exchange Commission.
The reporting owner, identified as Dean DeSantis, who is a ten percent owner of the company, sold 100,000 shares at a price of $95.7535 per share, resulting in a total sale value of approximately $9.58 million. Following the sale, DeSantis still owns 219,257 shares of Celsius Holdings, Inc., indicating a continued substantial investment in the company.
The sale took place amidst the normal course of trading and was not part of a pre-arranged trading plan. The transaction has caught the attention of investors and market watchers, as insider sales can sometimes provide insights into a company's future prospects or an insider's view of the company's valuation.
Celsius Holdings, Inc. has been a topic of interest for investors given its position in the health and wellness sector, providing energy drinks and other products that cater to health-conscious consumers. The sale by a significant shareholder such as DeSantis may prompt investors to watch the company's stock performance and any potential impact this transaction could have on the market.
Investors and analysts often look to insider trading activity as one of many indicators to help inform their views on a stock. It is worth noting that insider transactions can be subject to various motivations and do not necessarily signal changes in company fundamentals or future performance.
Celsius Holdings, Inc. has not made any official comment regarding the transaction at the time of the report. The details of the sale, including the number of shares sold and the price per share, are publicly available through the SEC's filing system for those interested in reviewing the transaction.
InvestingPro Insights
Following the insider sale at Celsius Holdings, Inc. (NASDAQ:CELH), investors may be evaluating the company's financial health and growth prospects. According to InvestingPro, Celsius Holdings holds more cash than debt on its balance sheet, which can be a positive sign of financial stability. This could be particularly relevant for investors considering the implications of insider transactions.
Additionally, the company's strong revenue growth over the last twelve months as of Q1 2023, reported at an impressive 101.65%, reflects a robust expansion which could be driving investor interest. The InvestingPro data also highlights a significant one-year price total return of 235.86%, suggesting that the stock has been performing exceedingly well in the market.
InvestingPro Tips indicate that analysts anticipate sales growth in the current year for Celsius Holdings, which may further support the stock's positive momentum. However, it's noteworthy that 2 analysts have revised their earnings downwards for the upcoming period, which could be a point of consideration for potential investors.
To gain a deeper understanding of Celsius Holdings, Inc. and to access additional insights, investors can explore the 21 InvestingPro Tips available for CELH. For those looking to delve into a comprehensive analysis, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
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