Insider Selling: Vita Coco (NASDAQ:COCO) CEO Sells 1,200 Shares of Stock

Key Points

• Vita Coco CEO Martin Roper sold 1,200 shares at an average price of $40.17, totaling approximately $48,204, which resulted in a minor decrease of 0.47% in his ownership stake.
• The company's stock price increased by 2.4% recently, reaching $39.96, while the firm has a market cap of $2.27 billion and a PE ratio of 37.35.
• Vita Coco reported earnings of $0.38 per share for the last quarter, surpassing analyst estimates, and has a consensus rating of "Moderate Buy" from equity research analysts.

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) CEO Martin Roper sold 1,200 shares of the stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $40.17, for a total value of $48,204.00. Following the completion of the sale, the chief executive officer owned 252,515 shares of the company's stock, valued at $10,143,527.55. The trade was a 0.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Martin Roper also recently made the following trade(s):

• On Thursday, September 25th, Martin Roper sold 400 shares of Vita Coco stock. The stock was sold at an average price of $40.16, for a total value of $16,064.00.
• On Wednesday, September 24th, Martin Roper sold 15,000 shares of Vita Coco stock. The stock was sold at an average price of $41.30, for a total value of $619,500.00.
• On Wednesday, September 24th, Martin Roper sold 5,000 shares of Vita Coco stock. The stock was sold at an average price of $41.32, for a total value of $206,600.00.
• On Monday, September 22nd, Martin Roper sold 15,000 shares of Vita Coco stock. The stock was sold at an average price of $40.14, for a total value of $602,100.00.
• On Monday, September 22nd, Martin Roper sold 5,000 shares of Vita Coco stock. The shares were sold at an average price of $40.17, for a total value of $200,850.00.
• On Wednesday, September 17th, Martin Roper sold 15,000 shares of Vita Coco stock. The shares were sold at an average price of $40.23, for a total value of $603,450.00.
• On Wednesday, September 17th, Martin Roper sold 5,000 shares of Vita Coco stock. The shares were sold at an average price of $40.22, for a total value of $201,100.00.
• On Tuesday, September 16th, Martin Roper sold 7,741 shares of Vita Coco stock. The shares were sold at an average price of $40.01, for a total value of $309,717.41.
• On Tuesday, September 16th, Martin Roper sold 2,765 shares of Vita Coco stock. The stock was sold at an average price of $40.01, for a total value of $110,627.65.
• On Friday, September 12th, Martin Roper sold 15,000 shares of Vita Coco stock. The stock was sold at an average price of $40.01, for a total value of $600,150.00.

Vita Coco Stock Up 2.4%

COCO traded up $0.95 on Friday, hitting $39.96. The company had a trading volume of 762,611 shares, compared to its average volume of 785,875. The company has a market cap of $2.27 billion, a PE ratio of 37.35, a PEG ratio of 2.13 and a beta of 0.36. Vita Coco Company, Inc. has a 12-month low of $25.79 and a 12-month high of $42.81. The business's fifty day simple moving average is $36.63 and its 200 day simple moving average is $34.93.

Vita Coco (NASDAQ:COCO - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. The business had revenue of $168.76 million during the quarter, compared to the consensus estimate of $162.20 million. Vita Coco had a net margin of 11.50% and a return on equity of 24.99%. The firm's quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.32 earnings per share. Vita Coco has set its FY 2025 guidance at EPS. On average, analysts anticipate that Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on COCO. Morgan Stanley raised their price objective on shares of Vita Coco from $38.00 to $41.00 and gave the stock an "equal weight" rating in a research note on Thursday. Piper Sandler raised shares of Vita Coco from a "neutral" rating to an "overweight" rating and set a $39.00 price target for the company in a research note on Wednesday, August 20th. Wells Fargo & Company lifted their price target on shares of Vita Coco from $45.00 to $47.00 and gave the company an "overweight" rating in a research note on Thursday. Wall Street Zen downgraded shares of Vita Coco from a "buy" rating to a "hold" rating in a research note on Saturday, June 7th. Finally, Needham & Company LLC started coverage on shares of Vita Coco in a research note on Wednesday. They set a "hold" rating for the company. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Vita Coco presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.00.

Institutional Investors Weigh In On Vita Coco

Several hedge funds have recently modified their holdings of the company. MAI Capital Management acquired a new position in shares of Vita Coco during the 2nd quarter worth about $33,000. EverSource Wealth Advisors LLC raised its position in shares of Vita Coco by 5,376.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company's stock worth $49,000 after purchasing an additional 1,344 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Vita Coco during the 2nd quarter worth about $50,000. CWM LLC raised its holdings in Vita Coco by 14.7% in the 1st quarter. CWM LLC now owns 2,868 shares of the company's stock valued at $88,000 after acquiring an additional 367 shares during the last quarter. Finally, Amitell Capital Pte Ltd acquired a new stake in Vita Coco in the 2nd quarter valued at about $114,000. 88.49% of the stock is owned by hedge funds and other institutional investors.

About Vita Coco

The Vita Coco Company, Inc develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific. The company offers coconut oil and coconut milk; juice; Runa, a plant-based energy drink; packaged water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink.

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