Insider Selling: Vita Coco (NASDAQ:COCO) Insider Sells $1,000,000.00 in Stock

Vita Coco Company, Inc. (NASDAQ:COCO) insider Es Charles Van sold 20,000 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $50.00, for a total value of $1,000,000.00. Following the completion of the sale, the insider directly owned 84,328 shares of the company’s stock, valued at $4,216,400. The trade was a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Wednesday, September 17th, Es Charles Van sold 20,000 shares of Vita Coco stock. The stock was sold at an average price of $42.04, for a total transaction of $840,800.00.
• On Friday, September 12th, Es Charles Van sold 10,000 shares of Vita Coco stock. The shares were sold at an average price of $40.00, for a total transaction of $400,000.00.

Vita Coco Trading Up 4.5%

Shares of NASDAQ COCO opened at $48.32 on Friday. The stock has a fifty day simple moving average of $41.94 and a two-hundred day simple moving average of $37.89. Vita Coco Company, Inc. has a 1-year low of $25.79 and a 1-year high of $50.50. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 42.02, a price-to-earnings-growth ratio of 1.54 and a beta of 0.39.

Vita Coco (NASDAQ:COCO) last posted its earnings results on Wednesday, October 29th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.08. The firm had revenue of $182.31 million during the quarter, compared to the consensus estimate of $154.96 million. Vita Coco had a net margin of 11.35% and a return on equity of 25.08%. The company’s revenue was up 37.2% 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. Analysts forecast that Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Institutional Trading of Vita Coco

Large investors have recently bought and sold shares of the company. CIBC Bancorp USA Inc. bought a new stake in shares of Vita Coco during the 3rd quarter valued at $1,510,000. Maven Securities LTD purchased a new position in Vita Coco during the 3rd quarter valued at about $1,062,000. Wilmington Savings Fund Society FSB bought a new stake in Vita Coco during the third quarter worth about $62,815,000. Danske Bank A S purchased a new stake in Vita Coco in the third quarter worth about $776,000. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Vita Coco by 201.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 401,446 shares of the company’s stock worth $17,049,000 after purchasing an additional 268,338 shares during the period. 88.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

COCO has been the subject of several analyst reports. Piper Sandler set a $47.00 price target on shares of Vita Coco and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Zacks Research upgraded Vita Coco from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. Evercore ISI lifted their price target on Vita Coco from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, November 17th. Morgan Stanley boosted their price objective on Vita Coco from $45.00 to $49.00 and gave the company an “equal weight” rating in a research report on Monday, November 17th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Vita Coco in a report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average 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.