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In a recent transaction on March 13, an insider said: Celsius Holdings , Inc. (NASDAQ:), a major player in the bottled and canned soft drink industry, has sold a significant number of its shares. The transaction was disclosed in a required filing with the Securities and Exchange Commission.
The reporting owner was identified as Dean DeSantis, a 10% owner of the company, who sold 100,000 shares at a price of $95.7535 per share, for a total sale of approximately $9.58 million. Even after the sale, DeSantis still holds 219,257 shares of Celsius Holdings, indicating that he continues to make a large investment in the company.
This sale occurred in the ordinary course of business and was not part of any pre-arranged transaction plan. The trade has attracted the attention of investors and market watchers, as insider sales can provide insight into a company's prospects and an insider's view of a company's valuation.
Celsius Holdings is a hot topic for investors given its position in the health and wellness space, offering energy drinks and other products that cater to health-conscious consumers. A sale by a major shareholder like DeSantis could cause investors to focus on the company's stock price performance and the potential impact the deal could have on the market.
Investors and analysts often focus on insider trading activity as one of many indicators to inform their view on a stock. It's worth noting that insider trading can be influenced by a variety of motives and is not necessarily indicative of changes in a company's fundamentals or future performance.
Celsius Holdings had not made any official comment regarding the transaction at the time of reporting. 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 anyone interested in considering the transaction.
Investment Pro Insights
Following insider selling in Celsius Holdings (NASDAQ:CELH), investors may be assessing the company's financial health and growth prospects. According to InvestingPro, Celsius Holdings has more cash than debt on its balance sheet, which could be a positive sign of financial stability. This may be particularly important for investors considering the implications of insider trading.
Additionally, the company's revenue growth over the past 12 months as of Q1 2023 has been reported at an impressive 101.65%, reflecting a strong expansion that may be fueling investor interest. doing. InvestingPro's data also highlights a significant one-year total price return of 235.86%, suggesting that the stock has performed extremely well in the market.
According to InvestingPro Tips, analysts expect Celsius Holdings' sales to grow this year, which could further support the stock's positive momentum. However, it is worth noting that 2 analysts have revised down next year's earnings, which could be something to consider for potential investors.
To understand more about Celsius Holdings and access additional insights, investors can explore the 21 InvestingPro Tips available on CELH. For more detailed analysis, please use the coupon code. pro news 24 Get an extra 10% off your annual or biennial Pro and Pro+ subscriptions with InvestingPro.
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