Yahoo Finance Bullish The Vita Coco Company, Inc. (NASDAQ:COCO) insiders filled their treasuries with US$1.2m worth of stock over last year
In the last year, multiple insiders have substantially increased their holdings of The Vita Coco Company, Inc. (NASDAQ:COCO) stock, indicating that insiders' optimism about the company's prospects has increased.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
View our latest analysis for Vita Coco Company
Vita Coco Company Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Co-CEO & Director Martin Roper bought US$875k worth of shares at a price of US$9.06 per share. We do like to see buying, but this purchase was made at well below the current price of US$15.98. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.
Happily, we note that in the last year insiders paid US$1.2m for 130.00k shares. But they sold 52.27k shares for US$670k. In total, Vita Coco Company insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Vita Coco Company Insiders Bought Stock Recently
Over the last three months, we've seen a bit of insider buying at Vita Coco Company. In that period Co-Founder & Director Ira Liran spent US$122k on shares. On the other hand, they sold US$82k worth of shares. It is nice to see that insiders have bought, but the quantum isn't large enough to get us excited.
Does Vita Coco Company Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Vita Coco Company insiders own about US$118m worth of shares (which is 13% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The Vita Coco Company Insider Transactions Indicate?
We note a that there has been a bit of insider buying recently (but no selling). Overall the buying isn't worth writing home about. However, our analysis of transactions over the last year is heartening. Judging from their transactions, and high insider ownership, Vita Coco Company insiders feel good about the company's future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 2 warning signs for Vita Coco Company (of which 1 shouldn't be ignored!) you should know about.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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