The Vita Coco Company, Inc. (NASDAQ:COCO) COO Sells $326,900.00 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 10,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $32.69, for a total value of $326,900.00. Following the completion of the sale, the chief operating officer now directly owns 94,108 shares in the company, valued at $3,076,390.52. This represents a 9.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, February 14th, Jonathan Burth sold 700 shares of Vita Coco stock. The shares were sold at an average price of $40.25, for a total value of $28,175.00.
• On Wednesday, February 12th, Jonathan Burth sold 400 shares of Vita Coco stock. The shares were sold at an average price of $40.01, for a total value of $16,004.00.
• 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 value 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 shares were sold at an average price of $37.61, for a total value of $557,981.96.

Vita Coco Stock Performance

COCO opened at $33.86 on Friday. The business’s fifty day moving average is $36.30 and its two-hundred day moving average is $32.96. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 34.20, a PEG ratio of 2.25 and a beta of 0.34. The Vita Coco Company, Inc. has a one year low of $23.00 and a one year high of $40.32.

Analyst Upgrades and Downgrades

COCO has been the topic of several research analyst reports. Wells Fargo & Company cut their price target on Vita Coco from $40.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. Stephens lowered Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price objective on the stock. in a report on Monday, January 27th. The Goldman Sachs Group upped their price objective on Vita Coco from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Bank of America upped their price objective on Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Vita Coco presently has an average rating of “Moderate Buy” and an average target price of $35.14.

Institutional Trading of Vita Coco

A number of institutional investors have recently bought and sold shares of COCO. Summit Investment Advisors Inc. lifted its position in shares of Vita Coco by 9.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,107 shares of the company’s stock valued at $152,000 after acquiring an additional 347 shares in the last quarter. GAMMA Investing LLC increased its stake in Vita Coco by 84.9% in the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $29,000 after purchasing an additional 360 shares during the last quarter. Coppell Advisory Solutions LLC increased its stake in Vita Coco by 91.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company’s stock valued at $47,000 after purchasing an additional 613 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Vita Coco by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,319 shares of the company’s stock valued at $824,000 after purchasing an additional 842 shares during the last quarter. Finally, Moran Wealth Management LLC increased its stake in Vita Coco by 4.8% in the fourth quarter. Moran Wealth Management LLC now owns 19,075 shares of the company’s stock valued at $704,000 after purchasing an additional 871 shares during the last quarter. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

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.