Vita Coco (NASDAQ:COCO) Director Sells $1,699,500.00 in Stock

by · The Cerbat Gem

Vita Coco Company, Inc. (NASDAQ:COCO – Get Free Report) Director Ira Liran sold 30,000 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $56.65, for a total transaction of $1,699,500.00. Following the completion of the sale, the director owned 572,579 shares of the company’s stock, valued at approximately $32,436,600.35. This represents a 4.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Thursday, February 5th, Ira Liran sold 20,000 shares of Vita Coco stock. The stock was sold at an average price of $56.66, for a total transaction of $1,133,200.00.
  • On Monday, November 24th, Ira Liran sold 33,862 shares of Vita Coco stock. The stock was sold at an average price of $50.27, for a total transaction of $1,702,242.74.
  • On Monday, November 24th, Ira Liran sold 25,381 shares of Vita Coco stock. The shares were sold at an average price of $50.29, for a total transaction of $1,276,410.49.
  • On Monday, November 17th, Ira Liran sold 26,138 shares of Vita Coco stock. The stock was sold at an average price of $50.09, for a total value of $1,309,252.42.
  • On Monday, November 17th, Ira Liran sold 14,619 shares of Vita Coco stock. The shares were sold at an average price of $50.10, for a total value of $732,411.90.
  • On Monday, November 17th, Ira Liran sold 14,619 shares of Vita Coco stock. The shares were sold at an average price of $50.10, for a total value of $732,411.90.

Vita Coco Stock Up 3.5%

Vita Coco stock traded up $1.97 during mid-day trading on Friday, reaching $58.96. 739,012 shares of the company’s stock were exchanged, compared to its average volume of 651,408. The business’s fifty day simple moving average is $54.01 and its 200 day simple moving average is $44.81. Vita Coco Company, Inc. has a one year low of $25.79 and a one year high of $59.05. The firm has a market capitalization of $3.36 billion, a PE ratio of 47.10, a P/E/G ratio of 1.61 and a beta of 0.38.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Vita Coco by 5.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,493 shares of the company’s stock valued at $720,000 after acquiring an additional 1,174 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of Vita Coco in the second quarter valued at $50,000. Moran Wealth Management LLC grew its position in shares of Vita Coco by 3.9% in the second quarter. Moran Wealth Management LLC now owns 19,376 shares of the company’s stock valued at $699,000 after purchasing an additional 731 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of Vita Coco by 28.1% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 45,560 shares of the company’s stock valued at $1,645,000 after purchasing an additional 10,000 shares during the period. Finally, Cookson Peirce & Co. Inc. lifted its holdings in Vita Coco by 8.4% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 27,167 shares of the company’s stock worth $981,000 after purchasing an additional 2,096 shares in the last quarter. 88.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on COCO shares. Wall Street Zen upgraded shares of Vita Coco from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Jefferies Financial Group increased their target price on shares of Vita Coco from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Piper Sandler raised their price target on shares of Vita Coco from $47.00 to $59.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 25th. Wells Fargo & Company upped their price objective on Vita Coco from $50.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Finally, Zacks Research lowered Vita Coco from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Vita Coco has a consensus rating of “Moderate Buy” and a consensus target price of $53.50.

Read Our Latest Stock Report on COCO

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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