Insider Selling: Vita Coco (NASDAQ:COCO) Insider Sells $97,340.00 in Stock

Vita Coco Company, Inc. (NASDAQ:COCO) insider Es Charles Van sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $48.67, for a total value of $97,340.00. Following the transaction, the insider directly owned 77,691 shares of the company’s stock, valued at $3,781,220.97. This trade represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, March 16th, Es Charles Van sold 2,000 shares of Vita Coco stock. The stock was sold at an average price of $57.98, for a total value of $115,960.00.

Vita Coco Stock Performance

Shares of NASDAQ COCO opened at $48.24 on Friday. Vita Coco Company, Inc. has a 12-month low of $25.79 and a 12-month high of $61.39. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 40.88, a price-to-earnings-growth ratio of 1.52 and a beta of 0.47. The stock’s 50 day simple moving average is $54.52 and its 200 day simple moving average is $50.01.

Vita Coco (NASDAQ:COCO) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). The company had revenue of $127.79 million for the quarter, compared to the consensus estimate of $117.80 million. Vita Coco had a return on equity of 23.19% and a net margin of 11.70%.Vita Coco’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 earnings per share. As a group, equities analysts forecast that Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vita Coco

Institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd increased its stake in Vita Coco by 2,636.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 520 shares of the company’s stock valued at $28,000 after buying an additional 501 shares during the period. Clearstead Advisors LLC raised its position in shares of Vita Coco by 22,500.0% during the 3rd quarter. Clearstead Advisors LLC now owns 678 shares of the company’s stock worth $29,000 after buying an additional 675 shares in the last quarter. Quarry LP lifted 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 worth $32,000 after acquiring an additional 758 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Vita Coco by 5,376.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $49,000 after acquiring an additional 1,344 shares in the last quarter. Finally, Mather Group LLC. bought a new position in shares of Vita Coco in the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on COCO. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vita Coco in a report on Friday, March 27th. Wells Fargo & Company upped their target price on shares of Vita Coco from $50.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Evercore restated an “outperform” rating and issued a $70.00 price target on shares of Vita Coco in a research note on Thursday, March 12th. Wall Street Zen cut Vita Coco from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Morgan Stanley boosted their price objective 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. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Vita Coco has a consensus rating of “Moderate Buy” and a consensus target price of $59.86.

About Vita Coco

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.