Insider Selling: The Vita Coco Company, Inc. (NASDAQ:COCO) Director Sells 1,723 Shares of Stock

The Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) Director Ira Liran sold 1,723 shares of Vita Coco stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $40.02, for a total value of $68,954.46. Following the sale, the director now directly owns 812,579 shares in the company, valued at approximately $32,519,411.58. This trade represents a 0.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Friday, February 14th, Ira Liran sold 20,235 shares of Vita Coco stock. The shares were sold at an average price of $40.07, for a total value of $810,816.45.
• On Wednesday, February 12th, Ira Liran sold 300 shares of Vita Coco stock. The shares were sold at an average price of $40.02, for a total value of $12,006.00.
• On Thursday, December 19th, Ira Liran sold 30,000 shares of Vita Coco stock. The stock was sold at an average price of $35.58, for a total value of $1,067,400.00.

Vita Coco Stock Up 0.5 %

Vita Coco stock traded up $0.17 during mid-day trading on Monday, hitting $37.75. The company's stock had a trading volume of 653,223 shares, compared to its average volume of 569,149. The stock has a market capitalization of $2.14 billion, a P/E ratio of 38.13, a P/E/G ratio of 2.25 and a beta of 0.30. The Vita Coco Company, Inc. has a twelve month low of $21.19 and a twelve month high of $40.32. The stock's fifty day moving average price is $36.75 and its two-hundred day moving average price is $32.56.

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Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in COCO. Barclays PLC grew its position in Vita Coco by 200.6% during the 3rd quarter. Barclays PLC now owns 69,504 shares of the company's stock worth $1,969,000 after purchasing an additional 46,385 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Vita Coco by 143.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 341,506 shares of the company's stock worth $9,668,000 after purchasing an additional 200,940 shares in the last quarter. Raymond James & Associates purchased a new position in Vita Coco during the 3rd quarter worth approximately $3,990,000. Woodson Capital Management LP purchased a new position in Vita Coco during the 3rd quarter worth approximately $19,224,000. Finally, Victory Capital Management Inc. grew its position in Vita Coco by 106.4% during the 3rd quarter. Victory Capital Management Inc. now owns 895,716 shares of the company's stock worth $25,358,000 after purchasing an additional 461,748 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Craig Hallum boosted their target price on Vita Coco from $33.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Wells Fargo & Company boosted their target price on Vita Coco from $33.00 to $40.00 and gave the stock an "overweight" rating in a report on Tuesday, January 7th. Bank of America boosted their target price on Vita Coco from $30.00 to $38.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Finally, Stephens cut Vita Coco from an "overweight" rating to an "equal weight" rating and set a $36.00 target price on the stock. in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $34.83.

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.