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

Key Points

• Jane Prior, the Chief Marketing Officer of Vita Coco, sold 10,000 shares of the company at an average price of $40.00, totaling $400,000, which represents a decrease of 7.48% in her holdings.
• Vita Coco's stock is currently trading around $39.98, with a one-year high of $40.71 and an increasing interest from hedge funds, with 88.49% of the stock owned by institutional investors.
• The company recently reported a net margin of 11.50% and year-over-year revenue growth of 17.1%, with stronger than expected EPS results, achieving $0.38 compared to the estimated $0.36.

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) CMO Jane Prior sold 10,000 shares of the business's stock in a transaction 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 completion of the transaction, the chief marketing officer directly owned 123,666 shares of the company's stock, valued at approximately $4,946,640. This trade represents a 7.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, July 1st, Jane Prior sold 10,000 shares of Vita Coco stock. The stock was sold at an average price of $37.07, for a total value of $370,700.00.
• On Wednesday, June 18th, Jane Prior sold 10,000 shares of Vita Coco stock. The stock was sold at an average price of $35.12, for a total value of $351,200.00.

Vita Coco Stock Performance

Vita Coco stock traded down $3.04 during trading on Thursday, hitting $39.26. The company's stock had a trading volume of 4,039,548 shares, compared to its average volume of 764,797. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 36.69, a P/E/G ratio of 2.12 and a beta of 0.36. The stock's fifty day moving average is $36.37 and its 200 day moving average is $34.64. Vita Coco Company, Inc. has a 1-year low of $25.79 and a 1-year high of $42.81.

Vita Coco (NASDAQ:COCO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $162.20 million. During the same quarter in the previous year, the business earned $0.32 earnings per share. The firm's quarterly revenue was up 17.1% compared to the same quarter last year. Vita Coco has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. TT International Asset Management LTD acquired a new stake in Vita Coco during the first quarter valued at approximately $3,035,000. Invesco Ltd. raised its stake in Vita Coco by 398.5% during the first quarter. Invesco Ltd. now owns 97,862 shares of the company's stock valued at $2,999,000 after buying an additional 78,229 shares in the last quarter. Northern Trust Corp raised its stake in Vita Coco by 3.4% during the first quarter. Northern Trust Corp now owns 424,987 shares of the company's stock valued at $13,026,000 after buying an additional 13,814 shares in the last quarter. Wellington Management Group LLP raised its stake in Vita Coco by 102.2% during the first quarter. Wellington Management Group LLP now owns 511,462 shares of the company's stock valued at $15,676,000 after buying an additional 258,521 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Vita Coco by 3,258.2% during the 1st quarter. GAMMA Investing LLC now owns 26,328 shares of the company's stock worth $859,000 after purchasing an additional 25,544 shares during the period. Hedge funds and other institutional investors own 88.49% of the company's stock.

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.