Insider Selling: Vita Coco (NASDAQ:COCO) Director Sells 33,862 Shares of Stock

Vita Coco Company, Inc. (NASDAQ:COCO) Director Ira Liran sold 33,862 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $50.27, for a total value of $1,702,242.74. Following the sale, the director owned 602,579 shares in the company, valued at $30,291,646.33. This represents a 5.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Ira Liran also recently made the following trade(s):

• On Monday, November 24th, Ira Liran sold 25,381 shares of Vita Coco stock. The stock was sold at an average price of $50.29, for a total transaction of $1,276,410.49.
• On Monday, November 17th, Ira Liran sold 26,138 shares of Vita Coco stock. The shares were sold at an average price of $50.09, for a total transaction of $1,309,252.42.
• On Monday, November 17th, Ira Liran sold 14,619 shares of Vita Coco stock. The stock was sold at an average price of $50.10, for a total value of $732,411.90.
• On Monday, November 17th, Ira Liran sold 14,619 shares of Vita Coco stock. The shares were sold at an average price of $50.10, for a total transaction of $732,411.90.
• On Wednesday, November 5th, Ira Liran sold 30,000 shares of Vita Coco stock. The shares were sold at an average price of $41.41, for a total value of $1,242,300.00.
• On Wednesday, November 5th, Ira Liran sold 20,000 shares of Vita Coco stock. The shares were sold at an average price of $41.40, for a total value of $828,000.00.
• On Wednesday, October 29th, Ira Liran sold 40,000 shares of Vita Coco stock. The shares were sold at an average price of $45.58, for a total value of $1,823,200.00.
• On Wednesday, September 17th, Ira Liran sold 50,000 shares of Vita Coco stock. The shares were sold at an average price of $42.00, for a total transaction of $2,100,000.00.
• On Friday, September 12th, Ira Liran sold 40,000 shares of Vita Coco stock. The stock was sold at an average price of $40.01, for a total transaction of $1,600,400.00.
• On Thursday, September 4th, Ira Liran sold 2,114 shares of Vita Coco stock. The stock was sold at an average price of $37.00, for a total value of $78,218.00.

Vita Coco Trading Up 3.7%

Shares of COCO stock traded up $1.89 during trading hours on Tuesday, hitting $53.03. The company’s stock had a trading volume of 1,940,189 shares, compared to its average volume of 819,008. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 46.11, a P/E/G ratio of 1.61 and a beta of 0.39. Vita Coco Company, Inc. has a twelve month low of $25.79 and a twelve month high of $53.10. The business has a fifty day moving average of $42.17 and a 200-day moving average of $38.04.

Vita Coco (NASDAQ:COCO) last issued its earnings results on Wednesday, October 29th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.08. Vita Coco had a net margin of 11.35% and a return on equity of 25.08%. The company had revenue of $182.31 million for the quarter, compared to analysts’ expectations of $154.96 million. During the same period in the prior year, the company earned $0.32 earnings per share. The firm’s revenue was up 37.2% compared to the same quarter last year. Vita Coco has set its FY 2025 guidance at EPS. On average, equities analysts expect that Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.

Analyst Ratings Changes

COCO has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vita Coco in a research report on Monday. Zacks Research upgraded shares of Vita Coco from a “strong sell” rating to a “hold” rating in a research report on Friday, November 7th. Wells Fargo & Company upped their price objective on shares of Vita Coco from $47.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Jefferies Financial Group increased their price target on Vita Coco from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Finally, The Goldman Sachs Group lifted their target price on shares of Vita Coco from $52.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Vita Coco currently has an average rating of “Moderate Buy” and an average price target of $51.88.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of COCO. Vanguard Group Inc. raised its position in shares of Vita Coco by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,912,074 shares of the company’s stock worth $123,676,000 after purchasing an additional 97,233 shares during the last quarter. Wasatch Advisors LP raised its holdings in shares of Vita Coco by 3.3% in the third quarter. Wasatch Advisors LP now owns 2,729,393 shares of the company’s stock valued at $115,917,000 after buying an additional 86,541 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in Vita Coco by 12.1% during the third quarter. Artisan Partners Limited Partnership now owns 2,073,329 shares of the company’s stock worth $88,054,000 after buying an additional 224,305 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Vita Coco by 232.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,992,404 shares of the company’s stock worth $84,617,000 after purchasing an additional 1,392,678 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Vita Coco during the third quarter worth approximately $62,815,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

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.