Insider Selling: Vita Coco (NASDAQ:COCO) Director Sells 26,138 Shares of Stock

Vita Coco Company, Inc. (NASDAQ:COCO) Director Ira Liran sold 26,138 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $50.09, for a total value of $1,309,252.42. Following the sale, the director owned 636,441 shares of the company’s stock, valued at approximately $31,879,329.69. This trade represents a 3.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 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 value of $732,411.90.
• On Wednesday, November 5th, Ira Liran sold 30,000 shares of Vita Coco stock. The stock was sold at an average price of $41.41, for a total transaction 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 transaction 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 transaction of $1,823,200.00.
• On Wednesday, September 17th, Ira Liran sold 50,000 shares of Vita Coco stock. The stock was 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 shares were sold at an average price of $37.00, for a total transaction of $78,218.00.
• On Wednesday, September 3rd, Ira Liran sold 14,734 shares of Vita Coco stock. The stock was sold at an average price of $37.05, for a total transaction of $545,894.70.
• On Friday, August 22nd, Ira Liran sold 3,152 shares of Vita Coco stock. The stock was sold at an average price of $37.02, for a total value of $116,687.04.

Vita Coco Trading Up 1.5%

Vita Coco stock traded up $0.70 during midday trading on Wednesday, hitting $47.29. The stock had a trading volume of 604,568 shares, compared to its average volume of 809,937. The business has a fifty day moving average price of $41.45 and a 200 day moving average price of $37.67. Vita Coco Company, Inc. has a 12 month low of $25.79 and a 12 month high of $50.50. The stock has a market cap of $2.69 billion, a P/E ratio of 41.12, a P/E/G ratio of 2.84 and a beta of 0.39.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in shares of Vita Coco by 6.2% during the first quarter. Bank of New York Mellon Corp now owns 133,572 shares of the company’s stock valued at $4,094,000 after buying an additional 7,788 shares during the last quarter. CWM LLC increased its position in Vita Coco by 14.7% in the 1st quarter. CWM LLC now owns 2,868 shares of the company’s stock valued at $88,000 after acquiring an additional 367 shares during the period. Victory Capital Management Inc. raised its stake in Vita Coco by 62.2% during the 1st quarter. Victory Capital Management Inc. now owns 645,225 shares of the company’s stock valued at $19,776,000 after acquiring an additional 247,339 shares in the last quarter. GW&K Investment Management LLC boosted its position in Vita Coco by 16.2% during the 1st quarter. GW&K Investment Management LLC now owns 756,646 shares of the company’s stock worth $23,191,000 after acquiring an additional 105,401 shares during the period. Finally, US Bancorp DE grew its stake in shares of Vita Coco by 7.5% in the first quarter. US Bancorp DE now owns 5,247 shares of the company’s stock worth $161,000 after purchasing an additional 364 shares in the last quarter. Institutional investors own 88.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on COCO. Needham & Company LLC initiated coverage on shares of Vita Coco in a research note on Wednesday, September 24th. They set a “hold” rating for the company. Morgan Stanley boosted their price objective on shares of Vita Coco from $45.00 to $49.00 and gave the company an “equal weight” rating 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 note on Friday, November 7th. Wells Fargo & Company lifted their target price on Vita Coco from $47.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, Piper Sandler set a $47.00 target price on Vita Coco and gave the company an “overweight” rating in a report on Wednesday, October 29th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.38.

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.