Insider Selling: Celsius Holdings, Inc. (NASDAQ:CELH) Major Shareholder Sells $25,572,652.56 in Stock

Celsius Holdings, Inc. (NASDAQ:CELH) major shareholder William H. Milmoe sold 428,568 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.67, for a total transaction of $25,572,652.56. Following the completion of the sale, the insider now directly owns 25,035,885 shares of the company’s stock, valued at $1,493,891,257.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Celsius Trading Up 2.1 %

Celsius stock opened at $75.97 on Friday. The stock has a market cap of $17.55 billion, a PE ratio of 98.66, a P/E/G ratio of 2.11 and a beta of 1.93. The stock has a 50-day moving average price of $80.79 and a 200 day moving average price of $65.47. Celsius Holdings, Inc. has a 52 week low of $32.99 and a 52 week high of $99.62.

Celsius (NASDAQ:CELH) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $347.44 million during the quarter, compared to the consensus estimate of $326.77 million. Celsius had a net margin of 17.21% and a return on equity of 131.58%. The company’s quarterly revenue was up 95.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 earnings per share. On average, equities analysts predict that Celsius Holdings, Inc. will post 1.09 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CELH. Vanguard Group Inc. grew its position in shares of Celsius by 183.6% in the fourth quarter. Vanguard Group Inc. now owns 13,746,472 shares of the company’s stock valued at $749,458,000 after purchasing an additional 8,899,873 shares during the period. Wellington Management Group LLP boosted its stake in Celsius by 212.2% in the 4th quarter. Wellington Management Group LLP now owns 3,393,586 shares of the company’s stock worth $185,018,000 after buying an additional 2,306,598 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Celsius by 424.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,793,210 shares of the company’s stock valued at $152,287,000 after buying an additional 2,261,046 shares during the period. Eagle Asset Management Inc. increased its stake in shares of Celsius by 188.8% during the 4th quarter. Eagle Asset Management Inc. now owns 2,958,771 shares of the company’s stock valued at $161,312,000 after acquiring an additional 1,934,400 shares during the last quarter. Finally, Artisan Partners Limited Partnership purchased a new position in shares of Celsius during the 4th quarter worth about $101,116,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on CELH. Roth Mkm lifted their price target on Celsius from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Stifel Europe lifted their target price on shares of Celsius from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, March 18th. Bank of America cut shares of Celsius from a “buy” rating to a “neutral” rating and set a $65.00 price target for the company. in a research note on Friday, January 19th. Jefferies Financial Group upped their target price on shares of Celsius from $98.00 to $105.00 and gave the company a “buy” rating in a report on Monday, March 18th. Finally, Piper Sandler increased their target price on shares of Celsius from $76.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $85.45.

About Celsius

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.