Vita Coco (NASDAQ:COCO) Director Sells $302,133.00 in Stock

Vita Coco Company, Inc. (NASDAQ:COCOGet Free Report) Director Kenneth Sadowsky sold 3,900 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $77.47, for a total transaction of $302,133.00. Following the sale, the director directly owned 582,666 shares of the company’s stock, valued at approximately $45,139,135.02. This trade represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kenneth Sadowsky also recently made the following trade(s):

  • On Wednesday, April 15th, Kenneth Sadowsky sold 3,900 shares of Vita Coco stock. The stock was sold at an average price of $48.93, for a total transaction of $190,827.00.
  • On Wednesday, March 18th, Kenneth Sadowsky sold 3,900 shares of Vita Coco stock. The shares were sold at an average price of $56.92, for a total transaction of $221,988.00.

Vita Coco Price Performance

NASDAQ:COCO opened at $76.04 on Friday. The firm has a 50-day moving average of $58.19 and a two-hundred day moving average of $54.53. The stock has a market cap of $4.34 billion, a P/E ratio of 55.50, a PEG ratio of 1.82 and a beta of 0.72. Vita Coco Company, Inc. has a 1-year low of $31.79 and a 1-year high of $79.70.

Vita Coco (NASDAQ:COCOGet Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.16. The company had revenue of $179.77 million during the quarter, compared to analysts’ expectations of $148.39 million. Vita Coco had a net margin of 12.59% and a return on equity of 25.43%. The firm’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 EPS. As a group, equities analysts expect that Vita Coco Company, Inc. will post 1.76 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Jefferies Financial Group upped their price objective on shares of Vita Coco from $63.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Morgan Stanley set a $65.00 price objective on shares of Vita Coco in a research report on Thursday, April 30th. Evercore reissued an “outperform” rating and issued a $70.00 price objective on shares of Vita Coco in a research report on Thursday, March 12th. The Goldman Sachs Group reissued a “buy” rating and issued a $71.00 price objective on shares of Vita Coco in a research report on Thursday, April 30th. Finally, Zacks Research raised shares of Vita Coco from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.43.

View Our Latest Report on Vita Coco

Institutional Investors Weigh In On Vita Coco

Institutional investors and hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd raised its stake in 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 acquiring an additional 501 shares during the period. Clearstead Advisors LLC raised its stake in Vita Coco by 22,500.0% during the third quarter. Clearstead Advisors LLC now owns 678 shares of the company’s stock worth $29,000 after acquiring an additional 675 shares during the period. Quarry LP raised its stake in Vita Coco by 12,633.3% during the third quarter. Quarry LP now owns 764 shares of the company’s stock worth $32,000 after acquiring an additional 758 shares during the period. GAMMA Investing LLC raised its stake in Vita Coco by 25.0% during the fourth quarter. GAMMA Investing LLC now owns 1,134 shares of the company’s stock worth $60,000 after acquiring an additional 227 shares during the period. Finally, Rockefeller Capital Management L.P. raised its stake in Vita Coco by 265.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,319 shares of the company’s stock worth $70,000 after acquiring an additional 958 shares during the period. Institutional investors and hedge funds own 88.49% of the company’s stock.

Vita Coco Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Vita Coco (NASDAQ:COCO)

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