Insider Selling: The Vita Coco Company, Inc. (NASDAQ:COCO) COO Sells $28,175.00 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 700 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $40.25, for a total transaction of $28,175.00. Following the completion of the sale, the chief operating officer now owns 104,108 shares of the company’s stock, valued at approximately $4,190,347. This represents a 0.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jonathan Burth also recently made the following trade(s):

• On Wednesday, February 12th, Jonathan Burth sold 400 shares of Vita Coco stock. The shares were sold at an average price of $40.01, for a total value of $16,004.00.
• On Wednesday, January 22nd, Jonathan Burth sold 4,052 shares of Vita Coco stock. The stock was sold at an average price of $37.60, for a total value of $152,355.20.
• On Monday, December 16th, Jonathan Burth sold 912 shares of Vita Coco stock. The shares were sold at an average price of $37.53, for a total value of $34,227.36.
• On Thursday, December 12th, Jonathan Burth sold 14,836 shares of Vita Coco stock. The stock was sold at an average price of $37.61, for a total value of $557,981.96.
• On Monday, December 2nd, Jonathan Burth sold 10,000 shares of Vita Coco stock. The shares were sold at an average price of $35.69, for a total transaction of $356,900.00.

Vita Coco Trading Down 5.5 %

Shares of COCO stock opened at $37.50 on Friday. The firm’s fifty day moving average price is $36.71 and its two-hundred day moving average price is $32.30. The Vita Coco Company, Inc. has a 1 year low of $20.64 and a 1 year high of $40.32. The firm has a market capitalization of $2.13 billion, a P/E ratio of 37.88, a PEG ratio of 2.35 and a beta of 0.30.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on COCO. Bank of America raised their price objective on shares of Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Craig Hallum lifted their price target on Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Stephens cut Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price objective for the company. in a research report on Monday, January 27th. Finally, Wells Fargo & Company increased their price objective on Vita Coco from $33.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.83.

Hedge Funds Weigh In On Vita Coco

Several hedge funds have recently modified their holdings of COCO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Vita Coco by 1.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 165,555 shares of the company’s stock valued at $6,111,000 after purchasing an additional 2,587 shares during the last quarter. Woodson Capital Management LP raised its stake in shares of Vita Coco by 4.5% during the 4th quarter. Woodson Capital Management LP now owns 709,615 shares of the company’s stock worth $26,192,000 after purchasing an additional 30,553 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new stake in shares of Vita Coco in the 4th quarter valued at approximately $323,000. Millennium Management LLC boosted its holdings in shares of Vita Coco by 24.9% in the 4th quarter. Millennium Management LLC now owns 25,515 shares of the company’s stock valued at $942,000 after buying an additional 5,087 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Vita Coco by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,319 shares of the company’s stock valued at $824,000 after buying an additional 842 shares in the last quarter. Institutional investors 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.