Keeping an Eye on The Vita Coco Company Inc. (COCO) After Insider Trading Activity


The Vita Coco Company Inc.’s recent filing unveils that its Chief Accounting Officer Ricalde Rowena unloaded Company’s shares for reported $24135.0 on Aug 17. In the deal valued at $26.58 per share,908 shares were sold. As a result of this transaction, Ricalde Rowena now holds 19,445 shares worth roughly $ 0.53 million.

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Then, Verlinvest Beverages SA sold 5,750,000 shares, generating $125,968,125 in total proceeds. Upon selling the shares at $21.91, the 10% Owner now owns 14,858,120 shares.

Before that, Melloul Eric sold 5,750,000 shares. The Vita Coco Company Inc. shares valued at $125,968,125 were divested by the Director at a price of $21.91 per share. As a result of the transaction, Melloul Eric now holds 14,858,120 shares, worth roughly $403.1 million.

BofA Securities downgraded its The Vita Coco Company Inc. [COCO] rating to a Neutral from a a Buy in a research note published on Friday.

Price Performance Review of COCO

On Friday, The Vita Coco Company Inc. [NASDAQ:COCO] saw its stock fall -4.10% to $27.13. On the same session, the stock had its day’s lowest price of $26.98, but rose to a high of $28.635. Over the last five days, the stock has lost -0.07%. The Vita Coco Company Inc. shares have risen nearly 96.31% since the year began. Nevertheless, the stocks have risen 80.99% over the past one year. While a 52-week high of $30.88 was reached on 08/02/23, a 52-week low of $7.39 was recorded on 01/12/23. SMA at 50 days reached $26.41, while 200 days put it at $20.19. A total of 0.56 million shares were traded, compared to the trading of 0.55 million shares in the previous session.

Levels Of Support And Resistance For COCO Stock

The 24-hour chart illustrates a support level at 26.53, which if violated will result in even more drops to 25.93. On the upside, there is a resistance level at 28.18. A further resistance level may holdings at 29.24. The Relative Strength Index (RSI) on the 14-day chart is 50.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.82%. Stochastics %K at 71.04% indicates the stock is a holding.

How much short interest is there in The Vita Coco Company Inc.?

A steep rise in short interest was recorded in The Vita Coco Company Inc. stocks on Aug 14, 2023, growing by 0.48 million shares to a total of 4.29 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.81 million shares. There was a rise of 11.19%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 15.04% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.89.

The Vita Coco Company Inc. [COCO] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 1,772,403 shares, or roughly 3.15% of the outstanding COCO shares. In other words, the investor’s shares have risen by 293,224 from its previous 13-F filing of 1479179.0. Additionally, BlackRock Fund Advisors increased 7.23% of its stake after which the total value it holdings stand at $45,829,638, while Fidelity Management & Research Co added 7,156.76% of its stake to hold $36.22 million in the firm. Over the last quarter, Driehaus Capital Management LLC purchased 228,953 shares of The Vita Coco Company Inc., while Gilder, Gagnon, Howe & Co. LLC bought 780,638 shares. At present, William Blair Investment Manageme is holding 971,665 shares valued at $25.67 million. Granahan Investment Management, L owned 970,284 shares of the company at the time of its most recent 13F filing, worth $25.63 million.

According to FactSet, The Vita Coco Company Inc.’s share price will average $30.43 in the next year, based on opinions of analysts polled by the firm. This is up nearly 13.11 percent from its previous closing price of $28.29. Analysts expect The Vita Coco Company Inc. stock to reach the higher price of $35.00, while the lowest price estimate is $25.00. However, 8 analysts have rated COCO stock as an Overweight in their predictions for 2023.


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