Insider Selling: The Vita Coco Company, Inc. (NASDAQ:COCO) COO Sells 400 Shares of Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 400 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $40.01, for a total transaction of $16,004.00. Following the completion of the sale, the chief operating officer now owns 104,108 shares in the company, valued at $4,165,361.08. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 value of $34,227.36.
• On Thursday, December 12th, Jonathan Burth sold 14,836 shares of Vita Coco stock. The stock was sold at an average price of $37.61, for a total value of $557,981.96.
• On Monday, December 2nd, Jonathan Burth sold 10,000 shares of Vita Coco stock. The shares were sold at an average price of $35.69, for a total value of $356,900.00.

Vita Coco Stock Down 0.8 %

Shares of Vita Coco stock opened at $39.97 on Friday. The Vita Coco Company, Inc. has a 12-month low of $20.64 and a 12-month high of $40.32. The stock has a market capitalization of $2.27 billion, a P/E ratio of 40.37, a price-to-earnings-growth ratio of 2.24 and a beta of 0.30. The company has a 50-day simple moving average of $36.52 and a 200 day simple moving average of $32.00.

Institutional Trading of Vita Coco

Several large investors have recently added to or reduced their stakes in COCO. Jane Street Group LLC boosted its holdings in shares of Vita Coco by 1.3% in the 4th quarter. Jane Street Group LLC now owns 82,108 shares of the company’s stock worth $3,031,000 after acquiring an additional 1,078 shares in the last quarter. Voleon Capital Management LP acquired a new position in Vita Coco in the fourth quarter worth $562,000. PDT Partners LLC boosted its stake in Vita Coco by 69.3% in the fourth quarter. PDT Partners LLC now owns 27,498 shares of the company’s stock worth $1,015,000 after purchasing an additional 11,260 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Vita Coco during the fourth quarter worth $746,000. Finally, Northern Trust Corp increased its stake in shares of Vita Coco by 8.2% in the fourth quarter. Northern Trust Corp now owns 411,173 shares of the company’s stock valued at $15,176,000 after buying an additional 31,050 shares in the last quarter. 88.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

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.