OAKLAND, CA—Tarang Amin, the Chief Executive Officer of e.l.f. Beauty, Inc. (NYSE:ELF), recently sold 890 shares of the company's common stock, totaling $122,464. The shares were sold at a price of $137.6 each. According to InvestingPro data, the stock has shown impressive strength with a 10% return over the past week, though current analysis suggests the stock is trading above its Fair Value. This transaction, dated December 6, 2024, was reportedly executed to satisfy tax or other government withholding obligations related to the vesting of Restricted Stock Units (RSUs).
Following this sale, Amin holds 99,699 shares directly, with an additional 211,087 shares held indirectly through a family trust and 478,254 shares through the Amin Family General Partnership.
In other recent news, e.l.f. Beauty has been the focus of several analyst projections and has addressed allegations from short seller Muddy Waters (NYSE:WAT). The beauty company's U.S. tracked channel point-of-sale growth has averaged 18.8% year-over-year in the third fiscal quarter of 2025, aligning with expectations, according to DA Davidson's analysis. The firm maintains its Buy rating on e.l.f. Beauty, with a steady price target of $170.00.
Furthermore, e.l.f. Beauty has refuted claims from Muddy Waters, explaining that the discrepancy between its reported U.S. sales and its imports from China is due to confidentiality requested from U.S. Customs and Border Protection regarding its import data. JPMorgan has maintained its Overweight rating and a $154.00 price target on e.l.f. Beauty shares, signaling its belief in the ongoing strength and accuracy of e.l.f. Beauty's reported financials.
In addition to these developments, Piper Sandler has reiterated its Overweight rating on shares of e.l.f. Beauty, maintaining a price target of $165.00. The firm's positive outlook on the cosmetics company is based on recent sales data and confidence in the management's capabilities. These are the recent developments surrounding e.l.f. Beauty.
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