Insider Selling: Vita Coco (NASDAQ:COCO) Insider Sells 20,000 Shares of Stock

Key Points

• Vita Coco insider Es Charles Van sold 20,000 shares of stock at an average price of $42.04, resulting in a total transaction value of $840,800 and a 19.17% reduction in ownership.
• The company reported a quarterly EPS of $0.38, exceeding analyst estimates, with a revenue increase of 17.1% year-over-year to $168.76 million.
• Institutional investors hold 88.49% of Vita Coco's stock, indicating strong institutional interest in the company.

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) insider Es Charles Van sold 20,000 shares of the firm's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $42.04, for a total transaction of $840,800.00. Following the transaction, the insider directly owned 84,328 shares in the company, valued at approximately $3,545,149.12. This represents a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Es Charles Van also recently made the following trade(s):

• On Friday, September 12th, Es Charles Van sold 10,000 shares of Vita Coco stock. The stock was sold at an average price of $40.00, for a total transaction of $400,000.00.
• On Monday, July 7th, Es Charles Van sold 10,000 shares of Vita Coco stock. The stock was sold at an average price of $38.02, for a total transaction of $380,200.00.

Vita Coco Stock Performance

NASDAQ:COCO traded up $0.47 during mid-day trading on Friday, reaching $39.73. 2,075,385 shares of the company's stock were exchanged, compared to its average volume of 772,113. Vita Coco Company, Inc. has a one year low of $25.79 and a one year high of $42.81. The firm has a market capitalization of $2.26 billion, a PE ratio of 37.13, a price-to-earnings-growth ratio of 2.24 and a beta of 0.36. The business's fifty day simple moving average is $36.42 and its two-hundred day simple moving average is $34.69.

Vita Coco (NASDAQ:COCO - Get Free Report) last released 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 net margin of 11.50% and a return on equity of 24.99%. The firm had revenue of $168.76 million for the quarter, compared to analyst estimates of $162.20 million. During the same period last year, the firm earned $0.32 EPS. The business's quarterly revenue was up 17.1% compared to the same quarter last year. Vita Coco has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Institutional Investors Weigh In On Vita Coco

Several hedge funds have recently added to or reduced their stakes in COCO. MAI Capital Management acquired a new stake in Vita Coco during the 2nd quarter worth approximately $33,000. EverSource Wealth Advisors LLC boosted its position in 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 buying an additional 1,344 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Vita Coco during the 2nd quarter worth approximately $50,000. CWM LLC boosted its position in Vita Coco by 14.7% during the 1st quarter. CWM LLC now owns 2,868 shares of the company's stock worth $88,000 after buying an additional 367 shares during the period. Finally, Militia Capital Partners LP boosted its position in Vita Coco by 60.0% during the 1st quarter. Militia Capital Partners LP now owns 3,200 shares of the company's stock worth $98,000 after buying an additional 1,200 shares during the period. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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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