Vita Coco (NASDAQ:COCO) CEO Sells $1,250,000.00 in Stock

Key Points

• CEO Martin Roper sold 25,000 shares on April 16 at an average price of $50 under a pre-arranged Rule 10b5-1 plan, generating $1.25 million and leaving him with 298,484 shares (a 7.73% ownership decrease).
• The April sales are part of a larger block of insider dispositions — Roper sold roughly 104,456 shares across April 8–16 for about $5.25 million in total proceeds.
• Vita Coco shares traded near $48.32 with a $2.76 billion market cap; analysts' consensus is a "Moderate Buy" with an average target of $59.43, though recent research ranges from "sell" cuts to "outperform" upgrades.

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) CEO Martin Roper sold 25,000 shares of the business's stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $50.00, for a total transaction of $1,250,000.00. Following the sale, the chief executive officer owned 298,484 shares in the company, valued at $14,924,200. This trade represents a 7.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, April 14th, Martin Roper sold 25,000 shares of Vita Coco stock. The stock was sold at an average price of $50.00, for a total transaction of $1,250,000.00.
• On Monday, April 13th, Martin Roper sold 4,456 shares of Vita Coco stock. The stock was sold at an average price of $50.55, for a total transaction of $225,250.80.
• On Friday, April 10th, Martin Roper sold 25,000 shares of Vita Coco stock. The stock was sold at an average price of $50.11, for a total transaction of $1,252,750.00.
• On Wednesday, April 8th, Martin Roper sold 25,000 shares of Vita Coco stock. The shares were sold at an average price of $50.95, for a total value of $1,273,750.00.

Vita Coco Stock Performance

Shares of COCO traded down $0.01 during midday trading on Friday, hitting $48.32. The company had a trading volume of 1,072,347 shares, compared to its average volume of 1,163,663. The company's 50-day simple moving average is $53.46 and its 200-day simple moving average is $50.51. The firm has a market capitalization of $2.76 billion, a P/E ratio of 40.95, a P/E/G ratio of 1.57 and a beta of 0.47. Vita Coco Company, Inc. has a 1 year low of $29.74 and a 1 year high of $61.39.

Vita Coco (NASDAQ:COCO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.04). The company had revenue of $127.79 million during the quarter, compared to analysts' expectations of $117.80 million. Vita Coco had a net margin of 11.70% and a return on equity of 23.19%. The business's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 EPS. Equities analysts predict that Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its position in Vita Coco by 2,636.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 520 shares of the company's stock worth $28,000 after buying an additional 501 shares during the period. Clearstead Advisors LLC grew its stake in shares of Vita Coco by 22,500.0% in the 3rd quarter. Clearstead Advisors LLC now owns 678 shares of the company's stock valued at $29,000 after purchasing an additional 675 shares during the last quarter. Quarry LP grew its stake in shares of Vita Coco by 12,633.3% in the 3rd quarter. Quarry LP now owns 764 shares of the company's stock valued at $32,000 after purchasing an additional 758 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Vita Coco by 5,376.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company's stock valued at $49,000 after purchasing an additional 1,344 shares during the last quarter. Finally, Mather Group LLC. purchased a new position in shares of Vita Coco in the 3rd quarter valued at approximately $54,000. Institutional investors and hedge funds own 88.49% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on COCO. Wall Street Zen cut Vita Coco from a "hold" rating to a "sell" rating in a research note on Saturday, April 4th. Zacks Research cut Vita Coco from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 16th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Vita Coco in a research note on Friday, March 27th. Morgan Stanley raised their target price on Vita Coco from $49.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Monday, February 23rd. Finally, Evercore reissued an "outperform" rating and set a $70.00 target price on shares of Vita Coco in a research report on Thursday, March 12th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $59.43.

Vita Coco Company Profile

Vita Coco, Inc NASDAQ: COCO is a global beverage company specializing in coconut-based products. Founded in 2004 by Michael Kirban and Ira Liran, the company pioneered the introduction of refrigerated coconut water to U.S. consumers. Headquartered in New York City, Vita Coco sources coconuts from growers in tropical regions such as the Philippines, Indonesia and Brazil, partnering with local farmers to promote sustainable agriculture and community development.

The company's flagship offering, Vita Coco Original Coconut Water, is available in multiple pack sizes and a variety of flavors.

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