Funko, Inc. (NASDAQ:FNKO) Chief Commercial Officer Andrew David Oddie engaged in recent stock transactions involving the company's shares, according to the latest SEC filings. Oddie sold a total of 2,353 Class A Common shares for an aggregate price of approximately $14,621. The shares were sold at prices ranging from $6.20 to $6.225.
The transactions took place on April 22, 2024, and were part of a planned sale to cover taxes related to the vesting of Restricted Stock Units (RSUs). This sale was executed under a pre-arranged 10b5-1 trading plan, which allows company insiders to set up a predetermined plan to sell stocks at a time when they are not in possession of material non-public information.
In a separate transaction on April 21, Oddie acquired 4,908 shares through the conversion of RSUs, with no monetary transaction reported, as these shares convert on a one-for-one basis. The RSUs vested as part of a previously reported grant that was scheduled to vest in four equal annual installments, conditional upon Oddie's continued employment with Funko.
Following these transactions, Oddie's direct ownership in Funko's Class A Common stock has adjusted to 60,476 shares. It is important to note that this figure does not account for any common units the executive may hold beneficially.
Investors and market watchers often monitor insider buying and selling as it can provide insights into a company's internal perspective and financial health. The transactions by Funko's CCO are part of regular stock compensation and tax planning strategies commonly seen among corporate executives.
InvestingPro Insights
As Funko, Inc. (NASDAQ:FNKO) navigates through its financial journey, the recent insider transactions by Chief Commercial Officer Andrew David Oddie have put the spotlight on the company's stock. To provide a broader perspective on Funko's current financial standing, we turn to recent data and analysis from InvestingPro. With a market capitalization of $324.25 million, Funko's valuation reflects investor sentiment and market conditions. However, the company's financial health is under scrutiny as it operates with a significant debt burden and may face difficulties in making interest payments on its debt. This is particularly concerning, given that analysts do not expect Funko to be profitable this year, as indicated by the negative P/E ratio of -1.95 for the last twelve months as of Q4 2023.
Despite these challenges, the company has experienced a significant return over the last week, with a 13.39% price total return, showing a short-term positive trend in the stock's performance. This contrasts with the more extended downward trajectory over the past six months, where the price total return was -20.16%. Investors should also note that Funko does not pay a dividend, which might influence the investment strategy for those seeking regular income from their holdings.
For those considering deeper analysis and looking for additional insights, there are more InvestingPro Tips available for Funko. By subscribing to InvestingPro, investors can access these tips and use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
It is also noteworthy that Funko's revenue has seen a decline, with a -17.13% change in the last twelve months as of Q4 2023. This could be a point of concern for investors, as it might signal underlying issues in sales or market demand. The upcoming earnings date on May 2, 2024, will be an important event for shareholders and potential investors to gain further insights into the company's performance and future outlook.
As the market anticipates Funko's next earnings report, staying informed with the latest financial data and expert analysis will be crucial. For those interested in a more detailed analysis, visiting https://www.investing.com/pro/FNKO can provide additional InvestingPro Tips to help investors make more informed decisions.
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