In a recent transaction, Jarrod Langhans, the Chief Financial Officer of Celsius Holdings , Inc. (NASDAQ:CELH), sold 4,079 shares of the company's common stock at an average price of $69.42, totaling approximately $283,164. The sale took place on April 19, 2024, and was disclosed in a filing with the Securities and Exchange Commission.
The shares were sold at prices ranging from $69.11 to $69.54. This range represents the weighted average price of the shares sold, as detailed in the footnotes of the SEC filing. The transaction was conducted to cover tax liabilities associated with the vesting of Restricted Stock Units (RSUs), as commonly practiced by executives.
Following the sale, Langhans still owns a substantial number of shares in the company, with a post-transaction total of 83,670 shares of Celsius Holdings, Inc. remaining in his possession. The company, known for its bottled and canned soft drinks and carbonated waters, is incorporated in Nevada and has its business headquarters in Boca Raton, Florida.
Investors often monitor insider transactions such as these for insights into executive confidence in the company's future performance. The sale by the CFO of Celsius Holdings may attract attention from the investment community, as it represents a significant amount of stock being liquidated by a top executive.
For those interested in the full details of the transaction, the SEC filing is publicly available, providing transparency into the actions of the company's executives.
InvestingPro Insights
As investors digest the recent insider transaction by Celsius Holdings' CFO, Jarrod Langhans, it's notable to consider the company's financial health and market performance. Celsius Holdings (NASDAQ:CELH) has been a topic of interest for its robust revenue growth, as reflected in the last twelve months as of Q4 2023, with a remarkable increase of 101.65%. This growth trajectory is complemented by a strong gross profit margin of 48.04% in the same period, showcasing the company's ability to maintain profitability amid its expansion.
The stock's recent performance, however, shows significant volatility. Despite a stellar one-year price total return of 134.56% as of early April 2024, the stock has experienced a notable decline in the short term, with a one-week price total return of -12.23% and a one-month price total return of -18.99%. This volatility could reflect market reactions to insider transactions, among other factors.
InvestingPro Tips highlight that analysts are optimistic about Celsius Holdings' prospects, anticipating sales growth in the current year. Additionally, the company holds more cash than debt on its balance sheet, which is a reassuring sign of financial stability. These insights suggest that while the CFO's stock sale might raise questions, the underlying fundamentals of the company remain solid.
To gain further insights into Celsius Holdings and to access additional InvestingPro Tips, you can visit https://www.investing.com/pro/CELH. With a total of 19 additional tips available on InvestingPro, investors can get a comprehensive understanding of the company's valuation and performance metrics. Moreover, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, enriching your investment research with valuable data and analysis.
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