Insider Selling: The Vita Coco Company, Inc. (NASDAQ:COCO) Director Sells $12,006.00 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) Director Ira Liran sold 300 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $40.02, for a total value of $12,006.00. Following the sale, the director now directly owns 853,429 shares in the company, valued at $34,154,228.58. This trade represents a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Ira Liran also recently made the following trade(s):

• On Thursday, December 19th, Ira Liran sold 30,000 shares of Vita Coco stock. The stock was sold at an average price of $35.58, for a total value of $1,067,400.00.

Vita Coco Price Performance

Shares of NASDAQ COCO opened at $39.97 on Monday. The business’s 50-day moving average price is $36.52 and its two-hundred day moving average price is $32.04. The Vita Coco Company, Inc. has a one year low of $20.64 and a one year high of $40.32. The company 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.

Analyst Ratings Changes

COCO has been the topic of a number of recent analyst reports. Craig Hallum boosted their target price on Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Bank of America boosted 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 price target on Vita Coco from $33.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Finally, Stephens downgraded Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price target on the stock. in a report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.83.

Hedge Funds Weigh In On Vita Coco

Several large investors have recently made changes to their positions in COCO. GAMMA Investing LLC lifted its position in shares of Vita Coco by 84.9% during the 4th quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $29,000 after purchasing an additional 360 shares during the last quarter. Coppell Advisory Solutions LLC raised its holdings in Vita Coco by 91.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company’s stock valued at $47,000 after acquiring an additional 613 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in Vita Coco in the 4th quarter valued at approximately $52,000. Venturi Wealth Management LLC acquired a new position in Vita Coco in the 4th quarter valued at approximately $66,000. Finally, Quest Partners LLC raised its holdings in Vita Coco by 16,538.1% in the 3rd quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock valued at $99,000 after acquiring an additional 3,473 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

About Vita Coco

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.