Insider Selling: Vita Coco (NASDAQ:COCO) COO Sells 60,000 Shares of Stock

Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 60,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $58.65, for a total transaction of $3,519,000.00. Following the transaction, the chief operating officer owned 57,910 shares in the company, valued at approximately $3,396,421.50. The trade was a 50.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Vita Coco Price Performance

Shares of NASDAQ COCO traded down $2.25 during mid-day trading on Wednesday, hitting $55.89. The company’s stock had a trading volume of 735,203 shares, compared to its average volume of 966,821. Vita Coco Company, Inc. has a one year low of $25.79 and a one year high of $61.39. The company’s fifty day simple moving average is $55.20 and its 200-day simple moving average is $48.91. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 47.36, a price-to-earnings-growth ratio of 1.91 and a beta of 0.37.

Vita Coco (NASDAQ:COCO) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). Vita Coco had a return on equity of 23.19% and a net margin of 11.70%.The business had revenue of $127.79 million for the quarter, compared to the consensus estimate of $117.80 million. During the same period last year, the firm earned $0.06 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. On average, sell-side analysts predict that Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Trending Headlines about Vita Coco

Here are the key news stories impacting Vita Coco this week:

• Positive Sentiment: Analyst support and raised targets provide offsetting buy-side interest — several firms recently lifted price targets (Wells Fargo to $63, Piper Sandler to $59, Evercore reiterating outperform at $70) and the consensus remains a moderate buy, which can cushion downside and support longer-term upside.
• Positive Sentiment: Product news — Vita Coco introduced a Frosted Lemonade SKU, signaling continued innovation and retail merchandising activity that can help near-term volume and seasonal promotions. Read More.
• Neutral Sentiment: Mixed recent quarter: revenue slightly beat expectations but EPS missed (reported $0.09 vs. $0.13 est.). Top-line growth was minimal year-over-year, so the quarter is mixed — supports the story of sustainable revenue but raises near-term margin/earnings questions.
• Negative Sentiment: Significant insider selling — COO Jonathan Burth sold 60,000 shares (~50.9% reduction) at ~ $58.65; CFO Corey Baker and another insider also sold smaller blocks. Large insider dispositions from senior executives can spook investors because they may signal personal liquidity needs or reduced conviction in near-term upside. SEC filing for the COO sale: Read More..
• Negative Sentiment: Multiple smaller insider sales — CFO Corey Baker sold 2,000 shares (multiple filings) and Es Charles Van sold 2,000 shares; these are additional selling signals that likely amplified downward pressure. SEC filing examples: Read More., Read More..
• Negative Sentiment: Near-term price action: coverage note and trading commentary flagged a recent dip versus the market, reflecting short-term selling pressure and the market digesting the combination of mixed results and insider transactions. Read More.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on COCO shares. Piper Sandler raised their price target on Vita Coco from $47.00 to $59.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vita Coco in a report on Monday, December 29th. Zacks Research lowered Vita Coco from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Wells Fargo & Company raised their target price on Vita Coco from $50.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Finally, Wall Street Zen cut Vita Coco from a “buy” rating to a “sell” rating in a research note on Saturday, February 21st. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.38.

Hedge Funds Weigh In On Vita Coco

Several institutional investors and hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its position in shares of Vita Coco by 2,636.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 520 shares of the company’s stock worth $28,000 after buying an additional 501 shares during the period. Clearstead Advisors LLC lifted its stake in Vita Coco by 22,500.0% in the 3rd quarter. Clearstead Advisors LLC now owns 678 shares of the company’s stock valued at $29,000 after acquiring an additional 675 shares in the last quarter. Quarry LP boosted its position in Vita Coco by 12,633.3% during the 3rd quarter. Quarry LP now owns 764 shares of the company’s stock worth $32,000 after acquiring an additional 758 shares during the last quarter. MAI Capital Management bought a new position in shares of Vita Coco during the 2nd quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC grew its position in Vita Coco by 5,376.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $49,000 after purchasing an additional 1,344 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

About Vita Coco

Vita Coco, Inc (NASDAQ: COCO) is a global beverage company specializing in coconut-based products. Founded in 2004 by Michael Kirban and Ira Liran, the company pioneered the introduction of refrigerated coconut water to U.S. consumers. Headquartered in New York City, Vita Coco sources coconuts from growers in tropical regions such as the Philippines, Indonesia and Brazil, partnering with local farmers to promote sustainable agriculture and community development.

The company’s flagship offering, Vita Coco Original Coconut Water, is available in multiple pack sizes and a variety of flavors.