Insider Selling: The Vita Coco Company, Inc. (NASDAQ:COCO) CMO Sells 3,638 Shares of Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) CMO Jane Prior sold 3,638 shares of Vita Coco stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $37.04, for a total transaction of $134,751.52. Following the transaction, the chief marketing officer now directly owns 130,751 shares of the company’s stock, valued at $4,843,017.04. This represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Jane Prior also recently made the following trade(s):

• On Thursday, November 21st, Jane Prior sold 3,888 shares of Vita Coco stock. The stock was sold at an average price of $37.01, for a total transaction of $143,894.88.

Vita Coco Stock Performance

Shares of COCO opened at $36.31 on Friday. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 36.68, a PEG ratio of 2.39 and a beta of 0.31. The Vita Coco Company, Inc. has a 52 week low of $19.41 and a 52 week high of $37.20. The business’s fifty day moving average price is $32.29 and its two-hundred day moving average price is $28.88.

Vita Coco (NASDAQ:COCO) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. The firm had revenue of $133.00 million during the quarter, compared to analyst estimates of $138.56 million. During the same period last year, the company earned $0.26 earnings per share. The company’s revenue was down 3.6% on a year-over-year basis. As a group, research analysts forecast that The Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Institutional Investors Weigh In On Vita Coco

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Vita Coco by 10.8% in the first quarter. Vanguard Group Inc. now owns 2,375,421 shares of the company’s stock valued at $58,032,000 after acquiring an additional 230,991 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new position in shares of Vita Coco in the 1st quarter worth $263,000. Janus Henderson Group PLC grew its stake in shares of Vita Coco by 126.9% during the first quarter. Janus Henderson Group PLC now owns 30,131 shares of the company’s stock worth $736,000 after purchasing an additional 16,854 shares during the period. California State Teachers Retirement System increased its holdings in Vita Coco by 14.3% in the first quarter. California State Teachers Retirement System now owns 37,001 shares of the company’s stock valued at $904,000 after purchasing an additional 4,634 shares during the last quarter. Finally, Comerica Bank lifted its stake in Vita Coco by 1,155.7% in the first quarter. Comerica Bank now owns 3,993 shares of the company’s stock valued at $98,000 after buying an additional 3,675 shares during the period. 88.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on COCO shares. Bank of America increased their price target on Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday. Craig Hallum increased 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Vita Coco presently has an average rating of “Moderate Buy” and a consensus target price of $32.14.

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.