Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Records show the sale had an issuer warrant to cover tax liabilities related to the acquisition of restricted stock, not a discretionary trade by Coleman. Following these transactions, Coleman retains ownership of 337,643 shares K2 Holdings (THEY ARE NOT:). In addition, the report notes the acquisition of 7,168 shares on December 11, which is attributed to the final vesting of performance-based restricted stock. These shares were acquired without a cash transaction, as part of a performance-based reward system, which is linked to the performance of the company’s shares in relation to . These transactions provide insight into the CEO’s stock management and the company’s compensation practices. InvestingPro subscribers can access comprehensive insider trading analysis and 14 additional tips on K2 Holdings through detailed research reports, helping investors make more informed decisions. InvestingPro subscribers can access comprehensive insider trading analysis and 14 additional tips on K2 Holdings through detailed research reports, helping investors make more informed decisions.
Records show the sale had an issuer warrant to cover tax liabilities related to the acquisition of restricted stock, not a discretionary trade by Coleman. Following these transactions, Coleman retains ownership of 337,643 shares of K2 Holdings.
In addition, the report notes the acquisition of 7,168 shares on December 11, which is attributed to the final vesting of performance-based restricted stock. These shares were purchased without a cash transaction as part of a performance-based reward system linked to the performance of the company’s stock relative to the Russell 2000 Index.
These transactions provide insight into the company’s executive stock management and compensation practices.
In other recent news, K2 Holdings delivered a strong performance in its third quarter results, beating Wall Street expectations and EBITDA. The company reported a significant increase in subscription revenue compared to the previous year with an increase of 18.3% and a year-over-year constant revenue increase of 19.7%. This strong performance was attributed to new customer acquisitions and expanded sales to existing customers.
K2 Holdings also secured six new deals with Tier 1 and Enterprise clients, leading to an increase in outstanding performance commitments of approximately 30% year over year. In response to these developments, several financial firms including Needham, Piper Sandler, Stephens, Goldman Sachs and Citi increased their target prices for K2 Holdings, while DA Davidson maintained a neutral stance.
The company’s management team expressed optimism for the fourth quarter and revised its full-year 2024 guidance upward. They also shared a positive preliminary outlook for fiscal 2025, supported by a solid demand environment and effective sales strategies. Amid these developments, Jonathan Price is set to succeed David Mehock as CFO in November. These are the recent developments that are shaping the trajectory of K2 Holdings.
This article was generated with AI support and reviewed by editors. Please see our T&C for more information.
