Insider Selling: The Vita Coco Company, Inc. (NASDAQ:COCO) COO Sells 10,000 Shares of Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 10,000 shares of Vita Coco stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $32.69, for a total transaction of $326,900.00. Following the transaction, the chief operating officer now owns 94,108 shares of the company’s stock, valued at $3,076,390.52. This represents a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, February 14th, Jonathan Burth sold 700 shares of Vita Coco stock. The stock was sold at an average price of $40.25, for a total transaction of $28,175.00.
• On Wednesday, February 12th, Jonathan Burth sold 400 shares of Vita Coco stock. The stock was sold at an average price of $40.01, for a total transaction of $16,004.00.
• On Wednesday, January 22nd, Jonathan Burth sold 4,052 shares of Vita Coco stock. The shares were sold at an average price of $37.60, for a total transaction 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 transaction 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 transaction of $557,981.96.

Vita Coco Trading Down 0.9 %

Shares of NASDAQ COCO opened at $33.06 on Thursday. The Vita Coco Company, Inc. has a 12 month low of $23.00 and a 12 month high of $40.32. The firm has a market capitalization of $1.88 billion, a PE ratio of 33.39, a price-to-earnings-growth ratio of 2.25 and a beta of 0.30. The firm has a fifty day simple moving average of $36.44 and a two-hundred day simple moving average of $32.91.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in shares of Vita Coco by 84.9% in the 4th quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $29,000 after acquiring an additional 360 shares in the last quarter. Coppell Advisory Solutions LLC increased its stake in shares of Vita Coco by 91.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company’s stock worth $47,000 after acquiring an additional 613 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Vita Coco during the 4th quarter valued at about $52,000. Venturi Wealth Management LLC purchased a new stake in Vita Coco during the 4th quarter valued at about $66,000. Finally, Quest Partners LLC grew its position in Vita Coco by 16,538.1% during the 3rd quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock valued at $99,000 after purchasing an additional 3,473 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on COCO. The Goldman Sachs Group upped their price objective on shares of Vita Coco from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Stephens lowered shares of Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price target for the company. in a report on Monday, January 27th. Wells Fargo & Company lowered their price target on shares of Vita Coco from $40.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. Finally, Bank of America upped their price target on shares of Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.14.

About Vita Coco

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.