Vita Coco (NASDAQ:COCO) CEO Sells $603,450.00 in Stock

Key Points

• Vita Coco's CEO Martin Roper sold 15,000 shares of company stock for $603,450, reducing his ownership by 5.12% to 277,915 shares valued at around $11.18 million.
• The company's stock has recently traded down by 7.2%, reaching $39.26, with significant trading volume of over 4 million shares.
• Vita Coco reported earnings that exceeded analyst expectations, posting a net revenue of $168.76 million and an EPS of $0.38, driven by a 17.1% year-over-year revenue growth.

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) CEO Martin Roper sold 15,000 shares of the business's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $40.23, for a total value of $603,450.00. Following the transaction, the chief executive officer directly owned 267,915 shares of the company's stock, valued at approximately $10,778,220.45. This represents a 5.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, September 17th, Martin Roper sold 5,000 shares of Vita Coco stock. The stock was sold at an average price of $40.22, for a total transaction of $201,100.00.
• On Tuesday, September 16th, Martin Roper sold 7,741 shares of Vita Coco stock. The shares were sold at an average price of $40.01, for a total transaction of $309,717.41.
• On Tuesday, September 16th, Martin Roper sold 2,765 shares of Vita Coco stock. The stock was sold at an average price of $40.01, for a total transaction of $110,627.65.
• On Friday, September 12th, Martin Roper sold 15,000 shares of Vita Coco stock. The shares were sold at an average price of $40.01, for a total value of $600,150.00.
• On Friday, September 12th, Martin Roper sold 5,000 shares of Vita Coco stock. The stock was sold at an average price of $40.02, for a total value of $200,100.00.

Vita Coco Price Performance

Shares of NASDAQ COCO traded up $1.26 during midday trading on Monday, hitting $40.99. 2,016,465 shares of the company's stock were exchanged, compared to its average volume of 1,110,066. The firm's fifty day simple moving average is $36.53 and its 200-day simple moving average is $34.81. The company has a market cap of $2.33 billion, a PE ratio of 38.31, a P/E/G ratio of 2.10 and a beta of 0.36. Vita Coco Company, Inc. has a twelve month low of $25.79 and a twelve month high of $42.81.

Vita Coco (NASDAQ:COCO - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.02. The company had revenue of $168.76 million for the quarter, compared to analysts' expectations of $162.20 million. Vita Coco had a net margin of 11.50% and a return on equity of 24.99%. The firm's revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter last year, the company earned $0.32 earnings per share. Vita Coco has set its FY 2025 guidance at EPS. Equities analysts anticipate that Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on COCO. Piper Sandler raised 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. Morgan Stanley raised their price objective 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. Finally, Wall Street Zen lowered shares of Vita Coco from a "buy" rating to a "hold" rating in a research note on Saturday, June 7th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Vita Coco presently has a consensus rating of "Moderate Buy" and an average price target of $38.38.

Institutional Trading of Vita Coco

Several hedge funds have recently modified their holdings of COCO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Vita Coco by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,319 shares of the company's stock valued at $824,000 after acquiring an additional 842 shares during the period. Millennium Management LLC grew its position in Vita Coco by 24.9% during the fourth quarter. Millennium Management LLC now owns 25,515 shares of the company's stock worth $942,000 after buying an additional 5,087 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Vita Coco by 1.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 165,555 shares of the company's stock valued at $6,111,000 after buying an additional 2,587 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Vita Coco by 173.2% during the 4th quarter. Wellington Management Group LLP now owns 252,941 shares of the company's stock valued at $9,336,000 after acquiring an additional 160,353 shares during the period. Finally, GAMMA Investing LLC boosted its stake 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 acquiring an additional 25,544 shares in the last quarter. 88.49% of the stock is owned by institutional investors and hedge funds.

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.