Tuesday, May 21, 2024

Insider Transaction: Celsius Holdings Stakeholder Sells $76 Million in Company Stock

A recent Securities and Exchange Commission (SEC) filing revealed that William H. Milmoe, a significant shareholder of Celsius Holdings, Inc. (NASDAQ:CELH), has offloaded a considerable amount of company stock, totaling over $76 million. These sales, executed over three days, amounted to 214,287 shares per day, with an average price of $59.6667 per share.

Milmoe’s transactions, occurring on May 2, May 3, and May 6, represent a substantial shift in his holdings within Celsius Holdings, a company known for its fitness drinks and energy products. According to the SEC filing, the shares were delivered by CD Financial LLC, following the exercise of call options sold to unaffiliated third-party purchasers last year. The options granted the right to buy at a predetermined price, and CD Financial LLC, managed by Milmoe, had the obligation to sell.

Despite these sales, Milmoe still indirectly retains a significant stake in Celsius Holdings through his involvement with CD Financial LLC and as a trustee of the Carl DeSantis Revocable Trust, which holds a majority beneficial interest in CD Financial LLC. The trust shares voting and dispositive power over Celsius Holdings shares.

Insider transactions often serve as indicators of executive confidence in a company’s future. While the reasons behind Milmoe’s stock sale remain undisclosed, the transaction complies with SEC regulations. Celsius Holdings, Inc. has not issued any official statements regarding these transactions, leaving room for speculation on how this insider sale might influence investor sentiment towards the company.

Pro Insights:

With recent insider trading activity at Celsius Holdings, Inc. (NASDAQ:CELH), investors can gain additional insights by examining key metrics and forecasts. The company currently boasts a robust market capitalization of $18.36 billion, indicative of its significant market presence. With a P/E ratio of 99.94, investors hold high expectations for future earnings, supported by a substantial revenue growth of 101.65% over the last twelve months as of Q1 2023.

Analyzing InvestingPro Tips, it’s notable that analysts maintain optimism about Celsius Holdings, predicting sales growth for the current year, a positive sign for potential investors. Additionally, the company’s balance sheet shows more cash than debt, indicating financial stability and flexibility despite insider transactions.

For a more in-depth analysis, 17 additional InvestingPro Tips are available for Celsius Holdings, accessible through the platform’s dedicated company page. Interested investors can use the coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

It’s worth mentioning that the company’s stock has yielded a high return over the last year, with a 118.6% price total return, which may attract long-term investors. The next earnings date, set for May 7, 2024, will be crucial for shareholders to reassess the company’s performance and future outlook.

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