Insider Selling: Vita Coco (NASDAQ:COCO) COO Sells 10,000 Shares of Stock

Key Points

• Vita Coco's COO, Jonathan Burth, sold 10,000 shares of the company's stock at an average price of $40.00, totaling $400,000, and now holds 76,127 shares.
• Vita Coco's stock has seen a 52-week high of $40.71 and a low of $25.79, and it recently traded at $39.98.
• Institutional investors own 88.49% of Vita Coco's stock, with Vanguard Group increasing its holdings by 2.1% in the first quarter.

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) COO Jonathan Burth sold 10,000 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $40.00, for a total value of $400,000.00. Following the sale, the chief operating officer directly owned 76,127 shares of the company's stock, valued at $3,045,080. The trade was a 11.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Vita Coco Price Performance

COCO stock traded up $0.19 during trading on Tuesday, reaching $39.98. 723,215 shares of the stock traded hands, compared to its average volume of 847,541. Vita Coco Company, Inc. has a 52-week low of $25.79 and a 52-week high of $40.71. The business's 50 day moving average price is $36.26 and its 200-day moving average price is $34.59. The firm has a market capitalization of $2.27 billion, a PE ratio of 35.21, a P/E/G ratio of 2.11 and a beta of 0.36.

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

Institutional Trading of Vita Coco

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Vita Coco by 2.1% in the first quarter. Vanguard Group Inc. now owns 2,642,306 shares of the company's stock worth $80,987,000 after buying an additional 53,172 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Vita Coco by 2.9% in the second quarter. Geode Capital Management LLC now owns 1,018,132 shares of the company's stock worth $36,759,000 after buying an additional 28,448 shares during the last quarter. Driehaus Capital Management LLC boosted its holdings in shares of Vita Coco by 14.4% in the first quarter. Driehaus Capital Management LLC now owns 977,291 shares of the company's stock worth $29,954,000 after buying an additional 122,674 shares during the last quarter. GW&K Investment Management LLC boosted its holdings in shares of Vita Coco by 16.2% in the first quarter. GW&K Investment Management LLC now owns 756,646 shares of the company's stock worth $23,191,000 after buying an additional 105,401 shares during the last quarter. Finally, Aberdeen Group plc raised its stake in Vita Coco by 14.6% during the 1st quarter. Aberdeen Group plc now owns 725,922 shares of the company's stock worth $22,250,000 after acquiring an additional 92,590 shares during the period. Hedge funds and other institutional investors own 88.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Morgan Stanley boosted their price target on shares of Vita Coco from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Piper Sandler upgraded shares of Vita Coco from a "neutral" rating to an "overweight" rating and set a $39.00 price target on the stock in a research report on Wednesday, August 20th. Wells Fargo & Company upped their price target on shares of Vita Coco from $43.00 to $45.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Finally, Wall Street Zen cut shares of Vita Coco from a "buy" rating to a "hold" rating in a research report on Saturday, June 7th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $38.38.

Vita Coco Company Profile

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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