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

The Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) COO Jonathan Burth sold 10,000 shares of the 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 completion of the sale, the chief operating officer now owns 94,108 shares of the company's stock, valued at $3,076,390.52. This trade 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 available at this link.

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

• On Friday, February 14th, Jonathan Burth sold 700 shares of Vita Coco stock. The shares were 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 shares were 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 shares were sold at an average price of $37.61, for a total transaction of $557,981.96.

Vita Coco Stock Up 5.3 %

Shares of COCO traded up $1.70 during trading on Friday, reaching $33.86. 676,283 shares of the company traded hands, compared to its average volume of 552,738. The Vita Coco Company, Inc. has a twelve month low of $23.00 and a twelve month high of $40.32. The stock has a market cap of $1.93 billion, a PE ratio of 34.20, a price-to-earnings-growth ratio of 2.25 and a beta of 0.34. The stock has a 50-day simple moving average of $36.30 and a 200-day simple moving average of $33.02.

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Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in COCO. Summit Investment Advisors Inc. grew its position in shares of Vita Coco by 9.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,107 shares of the company's stock worth $152,000 after buying an additional 347 shares in the last quarter. GAMMA Investing LLC lifted its stake in Vita Coco by 84.9% in the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company's stock worth $29,000 after acquiring an additional 360 shares during the last quarter. Coppell Advisory Solutions LLC grew its holdings in Vita Coco by 91.5% during 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Vita Coco by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,319 shares of the company's stock worth $824,000 after acquiring an additional 842 shares in the last quarter. Finally, Moran Wealth Management LLC increased its position in shares of Vita Coco by 4.8% in the 4th quarter. Moran Wealth Management LLC now owns 19,075 shares of the company's stock valued at $704,000 after purchasing an additional 871 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on COCO shares. The Goldman Sachs Group increased their target price on shares of Vita Coco from $34.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. 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 research report on Friday, December 6th. Stephens cut shares of 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 cut their price objective on shares of Vita Coco from $40.00 to $39.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Vita Coco currently has an average rating of "Moderate Buy" and an average price target of $35.14.

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.