Funko's chief commercial officer sells $383,862 in stock

These sales were conducted under a 10b5-1 trading plan, which Oddie adopted in September 2024. In addition to the sales, Oddie exercised options to acquire 7,884 shares of Class A Common Stock at $9.77 per share on the same dates. Following these transactions, Oddie now holds 20,186 shares directly in the company, which currently has a market capitalization of $737 million. InvestingPro subscribers can access 8 additional key insights about Funko's valuation and momentum indicators through the platform's comprehensive Pro Research Report. These sales were conducted under a 10b5-1 trading plan, which Oddie adopted in September 2024.

In addition to the sales, Oddie exercised options to acquire 7,884 shares of Class A Common Stock at $9.77 per share on the same dates. Following these transactions, Oddie now holds 20,186 shares directly.

In other recent news, Funko Inc (NASDAQ:FNKO). has seen a flurry of recent developments that may interest investors. The company's Q4 2024 sales saw a significant surge, particularly in the direct-to-consumer (DTC) sales sector, which increased by 33%, according to data reviewed by DA Davidson. This growth led DA Davidson to maintain a Buy rating on Funko stock, anticipating that the company could exceed market expectations for Q4 2024.

Additionally, Funko has expanded its Board of Directors, appointing Jason Harinstein, a veteran in the collectibles industry, as a new member. This move signifies Funko's commitment to reinforcing its leadership in a dynamic industry. In other organizational developments, Funko has made significant advancements in inventory management and logistical operations at its main distribution center in Buckeye, Arizona, as noted by a Goldman Sachs analyst.

In terms of financial performance, Funko reported net sales of $293 million in Q3 2024, surpassing expectations with a gross margin of 41% and adjusted EBITDA of $31 million. The company also adjusted its full-year net sales forecast to a range of $1.037 billion to $1.05 billion and increased its adjusted EBITDA projection to between $85 million and $90 million. Despite these positive results, Goldman Sachs maintained a Sell rating on Funko stock, indicating a cautious outlook for the company's future prospects.

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