Vita Coco (NASDAQ:COCO) Chairman Michael Kirban Sells 50,000 Shares of Stock

Vita Coco Company, Inc. (NASDAQ:COCO) Chairman Michael Kirban sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $68.00, for a total transaction of $3,400,000.00. Following the transaction, the chairman directly owned 515,681 shares in the company, valued at approximately $35,066,308. This trade represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vita Coco Stock Performance

Shares of NASDAQ:COCO opened at $66.75 on Friday. The firm has a market cap of $3.81 billion, a PE ratio of 48.72, a price-to-earnings-growth ratio of 1.62 and a beta of 0.72. The firm’s 50 day simple moving average is $52.70 and its 200-day simple moving average is $51.20. Vita Coco Company, Inc. has a one year low of $30.54 and a one year high of $69.58.

Vita Coco (NASDAQ:COCO) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.16. The company had revenue of $179.77 million for the quarter, compared to analyst estimates of $148.39 million. Vita Coco had a net margin of 12.59% and a return on equity of 25.43%. Vita Coco’s revenue was up 37.4% compared to the same quarter last year. During the same period last year, the company posted $0.31 earnings per share. Equities research analysts predict that Vita Coco Company, Inc. will post 1.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on COCO shares. Jefferies Financial Group lifted their price target on shares of Vita Coco from $63.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday. Evercore reaffirmed an “outperform” rating and issued a $70.00 price target on shares of Vita Coco in a report on Thursday, March 12th. Wall Street Zen raised shares of Vita Coco from a “sell” rating to a “buy” rating in a report on Saturday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vita Coco in a report on Friday, March 27th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $71.00 price target on shares of Vita Coco in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Vita Coco presently has an average rating of “Moderate Buy” and an average price target of $69.00.

Institutional Investors Weigh In On Vita Coco

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Vita Coco during the first quarter worth $520,000. Fifth Third Bancorp acquired a new stake in shares of Vita Coco during the first quarter worth $645,000. Hsbc Holdings PLC acquired a new stake in shares of Vita Coco during the first quarter worth $1,066,000. Oregon Public Employees Retirement Fund acquired a new position in Vita Coco during the first quarter valued at $489,000. Finally, Moran Wealth Management LLC lifted its position in Vita Coco by 219.0% during the first quarter. Moran Wealth Management LLC now owns 72,167 shares of the company’s stock valued at $3,458,000 after purchasing an additional 49,546 shares during the period. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Vita Coco News Roundup

Here are the key news stories impacting Vita Coco this week:

• Positive Sentiment: Strong Q1 beat and raised guidance — COCO reported $0.50 EPS and ~ $180M revenue (≈+37% YoY), beat estimates, and raised full‑year revenue/EBITDA guidance; that print is the main catalyst for the recent rally. Press Release
• Positive Sentiment: Analyst upgrades and higher targets — Wells Fargo raised its price target to $75 and put an Overweight on COCO, and other banks (Goldman, Jefferies, Evercore) have also issued buy/outperform views, reinforcing buy‑side interest. Benzinga
• Positive Sentiment: Momentum/quality recognition — COCO was highlighted on Zacks’ momentum list and picked up coverage noting a 95+ composite rating, supporting the growth narrative among momentum investors. Zacks Momentum MSN: 95+ Rating
• Neutral Sentiment: Insider selling (planned 10b5‑1 trades) — CEO, COO and Chairman disclosed multiple share sales (large blocks in late April). These trades increase float near recent highs but were executed under pre‑arranged 10b5‑1 plans, which lowers governance alarm. Investors should watch follow‑through selling. SEC Form 4
• Neutral Sentiment: High institutional ownership — Institutions own ~88% of shares, which can amplify moves (momentum on the upside, or rapid rotation on any negative news). MarketBeat Profile
• Negative Sentiment: Investor litigation risk — Pomerantz announced an investigation into COCO, which can create headline risk, legal costs, and distracted management focus if it develops. PR Newswire
• Negative Sentiment: New geopolitical risk disclosure — The company flagged heightened geopolitical tensions as a potential pressure on costs, supply chain and margins; worsening conditions could hit gross margins or availability. TipRanks
• Negative Sentiment: Longer‑term skepticism — Some analysts/commentaries caution that COCO’s category is niche and competition could cap long‑term upside, tempering valuation expectations after the run. Seeking Alpha

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.