Jane Prior Sells 10,000 Shares of Vita Coco Company, Inc. (NASDAQ:COCO) Stock

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) CMO Jane Prior sold 10,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $37.07, for a total transaction of $370,700.00. Following the completion of the sale, the chief marketing officer owned 134,188 shares in the company, valued at approximately $4,974,349.16. This trade represents a 6.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Jane Prior also recently made the following trade(s):

• On Wednesday, June 18th, Jane Prior sold 10,000 shares of Vita Coco stock. The shares were sold at an average price of $35.12, for a total value of $351,200.00.

Vita Coco Stock Up 1.0%

Shares of NASDAQ COCO traded up $0.38 during trading on Wednesday, hitting $37.19. 642,041 shares of the company traded hands, compared to its average volume of 616,267. The firm has a market capitalization of $2.11 billion, a P/E ratio of 34.40, a P/E/G ratio of 1.95 and a beta of 0.37. The company has a 50-day moving average price of $34.67 and a 200-day moving average price of $34.67. Vita Coco Company, Inc. has a 1 year low of $23.56 and a 1 year high of $40.32.

Vita Coco (NASDAQ:COCO - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. Vita Coco had a return on equity of 25.08% and a net margin of 11.32%. The company had revenue of $130.92 million for the quarter, compared to analyst estimates of $125.64 million. During the same period last year, the company posted $0.24 earnings per share. The firm's revenue was up 17.2% compared to the same quarter last year. Research analysts predict that Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.

Institutional Trading of Vita Coco

A number of hedge funds and other institutional investors have recently made changes to their positions in COCO. Voya Investment Management LLC lifted its position in shares of Vita Coco by 3,376.9% during the first quarter. Voya Investment Management LLC now owns 586,969 shares of the company's stock worth $17,991,000 after purchasing an additional 570,087 shares during the last quarter. Wasatch Advisors LP grew its holdings in Vita Coco by 17.8% in the 4th quarter. Wasatch Advisors LP now owns 2,828,868 shares of the company's stock worth $104,414,000 after buying an additional 427,871 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Vita Coco by 382.2% in the fourth quarter. Bank of America Corp DE now owns 512,120 shares of the company's stock worth $18,902,000 after purchasing an additional 405,913 shares in the last quarter. Driehaus Capital Management LLC increased its stake in Vita Coco by 77.3% during the 4th quarter. Driehaus Capital Management LLC now owns 854,617 shares of the company's stock valued at $31,544,000 after buying an additional 372,633 shares during the period. Finally, Thrivent Financial for Lutherans acquired a new position in shares of Vita Coco during the fourth quarter valued at approximately $10,715,000. Institutional investors own 88.49% of the company's stock.

Analyst Ratings Changes

COCO has been the topic of several analyst reports. The Goldman Sachs Group set a $41.00 price objective on Vita Coco and gave the company a "buy" rating in a research note on Wednesday, April 30th. Evercore ISI lifted their price target on shares of Vita Coco from $35.00 to $38.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Wall Street Zen cut Vita Coco from a "buy" rating to a "hold" rating in a research note on Saturday, June 7th. Stephens reaffirmed an "equal weight" rating and issued a $32.00 target price on shares of Vita Coco in a report on Thursday, March 27th. Finally, Wells Fargo & Company increased their price target on Vita Coco from $39.00 to $43.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $35.88.

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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