Vita Coco Company, Inc. (NASDAQ:COCO) Chief Sales Officer Charles van Es has recently sold shares of the company's stock, according to the latest SEC filings. On March 14, 2024, van Es sold a total of 595 shares at a price of $25.19 per share, resulting in a transaction value of $14,988. The sale was part of an automatic transaction to cover taxes and fees associated with the vesting of restricted stock units.
This transaction has slightly adjusted van Es's holdings in the company, leaving him with a total of 97,668 shares of Vita Coco common stock following the sale. The activity was reported in a Form 4 document filed with the Securities and Exchange Commission.
Investors often keep an eye on insider transactions such as these for insights into executive confidence and company performance. While the sale represents a relatively small portion of van Es's overall holdings, it contributes to the ongoing narrative of insider trading activities within Vita Coco.
The filing also noted several vested and exercisable stock options for van Es, with exercise prices ranging from $10.178 to $26.18 per share and expiration dates extending as far as 2034. These options could potentially impact his holdings and the market in the future, depending on when and if they are exercised.
For those tracking Vita Coco's stock movements, the latest insider transaction provides a glimpse into the actions of company executives and may factor into individual investment strategies.
InvestingPro Insights
As Vita Coco Company, Inc. (NASDAQ:COCO) navigates the market, investors are keenly observing the financial health and growth prospects of the company. Recent data from InvestingPro shows that Vita Coco is currently trading at a high Price / Book multiple of 7.05 as of the last twelve months ending Q4 2023, indicating a premium valuation compared to the book value of its assets. The company's Price/Earnings (P/E) ratio stands at a notable 31.42, with an adjusted P/E ratio for the same period at 30.44, reflecting investor expectations for future earnings growth.
InvestingPro Tips highlight that Vita Coco holds more cash than debt on its balance sheet and its cash flows can sufficiently cover interest payments, which is reassuring for investors concerned about the company's financial stability. Additionally, with a robust return of 13.89% over the last month, the company's stock performance has been strong in the short term. For investors seeking more in-depth analysis, there are 9 additional InvestingPro Tips available for Vita Coco, which can be accessed at Investing.com/pro/COCO. These tips provide a comprehensive view of the company's financial health and market position.
For those considering an investment in Vita Coco, or for current shareholders looking to deepen their understanding of the company's prospects, using the coupon code PRONEWS24 can secure an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro. This subscription offers a wealth of data and insights to inform investment decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.