Martin Roper Sells 25,000 Shares of Vita Coco (NASDAQ:COCO) Stock

Vita Coco Company, Inc. (NASDAQ:COCOGet Free Report) CEO Martin Roper sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $50.00, for a total value of $1,250,000.00. Following the completion of the transaction, the chief executive officer owned 298,484 shares of the company’s stock, valued at $14,924,200. The trade was a 7.73% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Martin Roper also recently made the following trade(s):

  • On Friday, April 24th, Martin Roper sold 25,000 shares of Vita Coco stock. The stock was sold at an average price of $50.00, for a total value of $1,250,000.00.
  • On Thursday, April 16th, Martin Roper sold 25,000 shares of Vita Coco stock. The stock was sold at an average price of $50.00, for a total value of $1,250,000.00.
  • On Tuesday, April 14th, Martin Roper sold 25,000 shares of Vita Coco stock. The stock was sold at an average price of $50.00, for a total value of $1,250,000.00.
  • On Monday, April 13th, Martin Roper sold 4,456 shares of Vita Coco stock. The stock was sold at an average price of $50.55, for a total value of $225,250.80.
  • On Friday, April 10th, Martin Roper sold 25,000 shares of Vita Coco stock. The stock was sold at an average price of $50.11, for a total value of $1,252,750.00.
  • On Wednesday, April 8th, Martin Roper sold 25,000 shares of Vita Coco stock. The stock was sold at an average price of $50.95, for a total value of $1,273,750.00.

Vita Coco Price Performance

COCO stock opened at $66.95 on Thursday. Vita Coco Company, Inc. has a 1-year low of $30.54 and a 1-year high of $67.21. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 56.74, a PEG ratio of 1.62 and a beta of 0.47. The business has a 50 day simple moving average of $52.42 and a two-hundred day simple moving average of $51.09.

Vita Coco (NASDAQ:COCOGet Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.16. Vita Coco had a return on equity of 23.19% and a net margin of 11.70%.The business had revenue of $179.77 million during the quarter, compared to the consensus estimate of $147.39 million. During the same period in the prior year, the company posted $0.31 EPS. The firm’s revenue for the quarter was up 37.4% compared to the same quarter last year. Sell-side analysts anticipate that Vita Coco Company, Inc. will post 1.58 EPS for the current fiscal year.

Analysts Set New Price Targets

COCO has been the subject of several recent analyst reports. Piper Sandler restated an “overweight” rating and issued a $70.00 price target on shares of Vita Coco in a research note on Wednesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vita Coco in a research report on Friday, March 27th. Wall Street Zen downgraded Vita Coco from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Wells Fargo & Company lowered their target price on Vita Coco from $63.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, Zacks Research downgraded Vita Coco from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.00.

Get Our Latest Research Report on COCO

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its position in Vita Coco by 2,636.8% in 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 last quarter. Clearstead Advisors LLC lifted its position in Vita Coco by 22,500.0% in the third quarter. Clearstead Advisors LLC now owns 678 shares of the company’s stock worth $29,000 after buying an additional 675 shares during the last quarter. Quarry LP lifted its position in Vita Coco by 12,633.3% in the third quarter. Quarry LP now owns 764 shares of the company’s stock worth $32,000 after buying an additional 758 shares during the last quarter. GAMMA Investing LLC lifted its position in Vita Coco by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 1,134 shares of the company’s stock worth $60,000 after buying an additional 227 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in Vita Coco in the third quarter worth $54,000. 88.49% of the stock is currently owned by institutional investors.

More Vita Coco News

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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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