Managing director and CEO Laura McBain and chairman Rob Woolley might have picked a prudent  time to sell, with the Launceston-headquartered sharemarket darling’s share price  dropping in recent days amid talk of a new Chinese tax on imports.​

Ms McBain sold 400,000 shares at $10.49 each on March 16 and 17, which would have been worth nearly $4.2 million. Mr Woolley sold 150,000 shares at $10.44 each on March 16 and 17, which would have raised nearly $1.57 million.

They were held by  the trustee company of Mr Woolley’s  superannuation fund.

Bellamy’s has had a meteoric rise since listing on the ASX in August 2014. Its shares traded at about $1.70 in early 2015 and hit $14.60 in early January this year. The share price was at $10.25 on Wednesday afternoon.

Meanwhile, Bellamy’s has been targeting US investors with a roadshow presentation.

The presentation described the company as a ‘’Tasmanian-based producer of Australian-made organic foods for babies and toddlers’’ and said it offered them a ‘’pure start to life’’.

It also painted a strong picture of the sector’s outlook, saying the global infant formula market was expected to grow by 7 per cent a year. It said  Bellamy’s was well placed to capitalise on the growing popularity of e-commerce, particularly in China.

The presentation detailed opportunities in Australia, China and South East Asia and underlined the company’s massive growth in revenue and earnings before interest and tax (EBIT) between 2011-12 and the first half of the current financial year.

EBIT was less than $1 million in 2011-12, and $19.2 million for the first six months of the current financial year.

Revenue was less than $20 million in 2011-12 and $105.1  million in the first half of this financial year. It expects full-financial year revenue of $240-260 million. Bellamy’s was recently recognised as one of Australia’s biggest 200 listed companies.