Vita Coco Company, Inc. (NASDAQ:COCO – Get Free Report) CFO Corey Baker sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $58.04, for a total value of $116,080.00. Following the completion of the sale, the chief financial officer owned 27,951 shares of the company’s stock, valued at $1,622,276.04. This trade represents a 6.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Corey Baker also recently made the following trade(s):
- On Monday, March 16th, Corey Baker sold 2,000 shares of Vita Coco stock. The stock was sold at an average price of $57.98, for a total value of $115,960.00.
- On Friday, March 13th, Corey Baker sold 2,000 shares of Vita Coco stock. The stock was sold at an average price of $58.86, for a total value of $117,720.00.
Vita Coco Stock Performance
Shares of NASDAQ:COCO traded down $1.91 during trading hours on Thursday, hitting $53.98. 1,418,763 shares of the company’s stock traded hands, compared to its average volume of 975,348. The company’s fifty day simple moving average is $55.23 and its two-hundred day simple moving average is $48.96. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 45.75, a price-to-earnings-growth ratio of 1.83 and a beta of 0.37. Vita Coco Company, Inc. has a 52 week low of $25.79 and a 52 week high of $61.39.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in COCO. Caitong International Asset Management Co. Ltd increased its stake in shares of Vita Coco by 2,636.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 520 shares of the company’s stock valued at $28,000 after acquiring an additional 501 shares during the last quarter. Clearstead Advisors LLC raised its position in shares of 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 during the period. Quarry LP raised its position in shares of Vita Coco by 12,633.3% in the 3rd quarter. Quarry LP now owns 764 shares of the company’s stock valued at $32,000 after acquiring an additional 758 shares during the period. MAI Capital Management acquired a new position in Vita Coco during the second quarter valued at approximately $33,000. Finally, EverSource Wealth Advisors LLC raised its holdings 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 worth $49,000 after purchasing an additional 1,344 shares during the period. 88.49% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts recently weighed in on the company. Wall Street Zen lowered Vita Coco from a “buy” rating to a “sell” rating in a research report on Saturday, February 21st. Morgan Stanley raised their price objective on Vita Coco from $49.00 to $57.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Zacks Research lowered Vita Coco from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Piper Sandler upped their price target on Vita Coco from $47.00 to $59.00 and gave the company an “overweight” rating in a report on Tuesday, November 25th. Finally, Evercore reiterated an “outperform” rating and set a $70.00 target price on shares of Vita Coco in a research report on Thursday, March 12th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $56.38.
Read Our Latest Stock Report on Vita Coco
Key Headlines Impacting Vita Coco
Here are the key news stories impacting Vita Coco this week:
- Positive Sentiment: Wall‑street analyst support remains a tailwind: several firms have raised price targets (Evercore $70, Wells Fargo $63, Piper Sandler $59) and the coverage consensus is a “Moderate Buy,” which limits downside over time. Wall Street Analysts Think Vita Coco Is a Good Investment
- Neutral Sentiment: Product/brand activity continues (new Frosted Lemonade flavor) — positive for long‑term revenue diversification but unlikely to move near‑term results materially. Vita Coco Treats Frosted Lemonade
- Negative Sentiment: Significant insider selling: COO Jonathan Burth sold 60,000 shares (~50% of his position) for ~$3.52M at ~$58.65; CFO and other insiders also sold multiple blocks in mid‑March — these large, closely timed disposals are pressuring the stock and signaling near‑term liquidity/timing decisions by management. SEC filing for the COO sale is here. COO Form 4 (SEC)
- Negative Sentiment: Recent quarterly results showed an EPS miss (reported $0.09 vs. ~$0.13 consensus) despite modest revenue growth; that earnings miss combined with insider sales is the most direct explanation for the pullback. MarketBeat COCO coverage (earnings summary)
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.
Further Reading
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