In the latest move in the cosmetics industry, Cory Marchisott, senior vice president and chief marketing officer at elf Beauty, Inc. (NYSE:), announced a major It was revealed that he had participated in a large-scale stock transaction. Marchizotto sold 29,408 shares at a price of $166.4, completing the sale for a total of approximately $4.89 million. The sale took place on April 18, 2024 and was executed to satisfy tax obligations related to the vesting of performance-based restricted stock units (PSUs).
The PSUs, which were first granted on June 1, 2021, were subject to performance conditions recently certified as achieved by elf Beauty's compensation committee. The vesting of these shares resulted in the sale described above to satisfy the withholding requirements. The transaction brings Mr. Marchisotto's direct ownership in Elf Beauty to his 156,969 shares, including his 63,714 restricted stock units.
The sale comes after a notable award of PSUs that vested on the achievement of set performance targets. On April 17, 2024, Marchisotto received his 54,400 shares valued at $0 as the PSU met its performance goals. These awards are part of the company's compensation structure designed to encourage and reward executives based on the company's performance.
Known for its affordable, high-quality cosmetics, Elf Beauty is a player in the beauty industry, serving the needs of a diverse consumer base with a wide range of products. A company's stock movements and executive transactions are closely monitored by investors as indicators of confidence and insight into a company's internal workings.
Investors and market watchers often scrutinize these filings for insight into management psychology and the health of the company. Mr. Marchisotto's sale is a large sum, but it is also part of the day-to-day compensation of executives whose compensation is often structured around stock and performance incentives.
Investment Pro Insights
Cory Marchisott, senior vice president and chief marketing officer for Elf Beauty (NYSE:ELF), is involved in significant stock trading, so to understand the broader picture, consider the company's current financial health and the market. It is essential to focus on performance. According to InvestingPro data, Elf Beauty's market capitalization is a solid $8.74 billion, reflecting the company's large presence in the cosmetics industry.
The company's growth trajectory has been particularly impressive, with revenue growth of 79.24% over the past 12 months as of Q3 2024. This was further reinforced by an 84.9% increase in quarterly revenue in Q3 2024, indicating strong sales momentum. Additionally, elf Beauty boasts a significant gross profit margin of 70.33%, highlighting the company's ability to remain profitable amid competitive market pressures.
Investors may find InvestingPro's tips particularly insightful. Analysts are expecting net profit growth this year, along with expected sales growth, which could be a positive signal for the company's future prospects. Additionally, the company's stock price performance has shown significant volatility, which could attract investors looking for high growth potential in their portfolios.
For those looking for a more in-depth analysis, InvestingPro offers additional insights into Elf Beauty, including 20 additional InvestingPro Tips to help guide your investment decisions. For example, the company's P/E ratio is 65.01x, which, when considered in conjunction with short-term earnings growth, suggests that the company's stock is trading at a low P/E ratio relative to its earnings growth potential. The PEG ratio is 0.4, and the company's growth rate is attractively priced compared to its earnings growth.
Interested readers can find out more by visiting InvestingPro for a comprehensive analysis.Don't forget to use the coupon code too pro news 24 is offering an additional 10% discount on annual or biennial Pro and Pro+ subscriptions, offering even more value to savvy investors looking to take advantage of market insights.
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