Jonathan Burth Sells 60,000 Shares of Vita Coco (NASDAQ:COCO) Stock

18 Mar 2026, 18:50 by Teresa Graham · The Cerbat Gem

Vita Coco Company, Inc. (NASDAQ:COCO – Get Free Report) COO Jonathan Burth sold 60,000 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $58.65, for a total value of $3,519,000.00. Following the transaction, the chief operating officer directly owned 57,910 shares of the company’s stock, valued at $3,396,421.50. This trade represents a 50.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Vita Coco Trading Down 3.9%

Shares of NASDAQ:COCO traded down $2.25 during trading on Wednesday, hitting $55.89. 735,203 shares of the company were exchanged, compared to its average volume of 966,821. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 47.36, a P/E/G ratio of 1.91 and a beta of 0.37. Vita Coco Company, Inc. has a fifty-two week low of $25.79 and a fifty-two week high of $61.39. The firm has a fifty day moving average price of $55.20 and a two-hundred day moving average price of $48.91.

Vita Coco (NASDAQ:COCO – Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.04). Vita Coco had a net margin of 11.70% and a return on equity of 23.19%. The company had revenue of $127.79 million during the quarter, compared to analyst estimates of $117.80 million. During the same period in the previous year, the company posted $0.06 EPS. The company’s quarterly revenue was up .4% compared to the same quarter last year. As a group, research analysts predict that Vita Coco Company, Inc. will post 1.07 EPS for the current year.

More Vita Coco News

Here are the key news stories impacting Vita Coco this week:

Positive Sentiment: Analyst support and raised targets provide offsetting buy-side interest — several firms recently lifted price targets (Wells Fargo to $63, Piper Sandler to $59, Evercore reiterating outperform at $70) and the consensus remains a moderate buy, which can cushion downside and support longer-term upside.
Positive Sentiment: Product news — Vita Coco introduced a Frosted Lemonade SKU, signaling continued innovation and retail merchandising activity that can help near-term volume and seasonal promotions. Read More.
Neutral Sentiment: Mixed recent quarter: revenue slightly beat expectations but EPS missed (reported $0.09 vs. $0.13 est.). Top-line growth was minimal year-over-year, so the quarter is mixed — supports the story of sustainable revenue but raises near-term margin/earnings questions.
Negative Sentiment: Significant insider selling — COO Jonathan Burth sold 60,000 shares (~50.9% reduction) at ~ $58.65; CFO Corey Baker and another insider also sold smaller blocks. Large insider dispositions from senior executives can spook investors because they may signal personal liquidity needs or reduced conviction in near-term upside. SEC filing for the COO sale: Read More..
Negative Sentiment: Multiple smaller insider sales — CFO Corey Baker sold 2,000 shares (multiple filings) and Es Charles Van sold 2,000 shares; these are additional selling signals that likely amplified downward pressure. SEC filing examples: Read More., Read More..
Negative Sentiment: Near-term price action: coverage note and trading commentary flagged a recent dip versus the market, reflecting short-term selling pressure and the market digesting the combination of mixed results and insider transactions. Read More.

Institutional Trading of Vita Coco

A number of institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in Vita Coco by 25.0% during the 4th 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 period. CWM LLC increased its position in Vita Coco by 18.2% in the 4th quarter. CWM LLC now owns 1,505 shares of the company’s stock valued at $80,000 after acquiring an additional 232 shares during the period. Mariner LLC raised its stake in shares of Vita Coco by 2.8% during the third quarter. Mariner LLC now owns 8,742 shares of the company’s stock valued at $371,000 after acquiring an additional 236 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Vita Coco by 0.9% during the third quarter. Envestnet Asset Management Inc. now owns 33,541 shares of the company’s stock valued at $1,424,000 after acquiring an additional 298 shares during the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of Vita Coco by 3.2% during the second quarter. Schroder Investment Management Group now owns 12,041 shares of the company’s stock worth $435,000 after purchasing an additional 376 shares during the period. Institutional investors own 88.49% of the company’s stock.

Analysts Set New Price Targets

COCO has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price target on Vita Coco from $52.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vita Coco in a research note on Monday, December 29th. Morgan Stanley boosted their target price on Vita Coco from $49.00 to $57.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Wells Fargo & Company upped their target price on Vita Coco from $50.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Finally, Wall Street Zen lowered Vita Coco from a “buy” rating to a “sell” rating in a research note on Saturday, February 21st. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $56.38.

Check Out Our Latest Research Report on COCO

About Vita Coco

(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.