Williams Wesley Hastie sells $328k in Cipher Mining shares
Michael Kirban, Executive Chairman of Vita Coco Company, Inc. (NASDAQ:COCO), sold 44,898 shares of common stock on October 29 and 30, 2025, for a total of $2,029,685. The sales were executed at prices ranging from $44.211 to $45.701. The stock is currently trading at $41.19, near its 52-week high of $48.67, after delivering impressive 52.92% returns over the past year. InvestingPro analysis suggests the stock is slightly overvalued based on its Fair Value calculations.
The transactions on October 29 involved the sale of 30,000 shares at a price of $45.701 per share. On October 30, Kirban sold an additional 14,898 shares at a weighted average price of $44.211, with individual sales prices ranging from $44.00 to $45.00.
Following these transactions, Kirban directly owns 127,629 shares of Vita Coco Company, Inc. common stock and indirectly owns 1,484,151 shares through the Michael Kirban 2010 Trust and 615,681 shares through the Michael Kirban Revocable Trust. Vita Coco maintains a strong financial position with a "GREAT" overall financial health score of 3.4/5 according to InvestingPro, holding more cash than debt on its balance sheet.
Kirban also holds several non-qualified stock options, including options to purchase 546,000 shares at $10.178, 40,950 shares at $10.178, 298,507 shares at $15.00, 46,875 shares at $16.91, 62,743 shares at $26.18, and 70,715 shares at $32.78.
The sale of shares was executed pursuant to a Rule 10b5-1 trading plan. Despite the insider selling, Vita Coco’s market performance remains strong with a 37% price return over the past six months. The company trades at a P/E ratio of 39.3, which InvestingPro identifies as high relative to near-term earnings growth. Discover comprehensive analysis on Vita Coco and 1,400+ other US equities through Pro Research Reports.
In other recent news, Vita Coco Company Inc. reported impressive third-quarter 2025 earnings, with net sales reaching $182 million, surpassing analyst expectations. The company’s earnings per share (EPS) were reported at $0.40, significantly beating the forecasted $0.30. This performance resulted in a 33.33% positive surprise for the company. These strong financial results have captured the attention of investors and analysts alike. The earnings report highlights the company’s robust financial health in the recent quarter. Additionally, the company’s stock saw a notable increase in pre-market trading following the earnings announcement. Investors are keenly observing these developments as they assess Vita Coco’s financial trajectory. These recent developments reflect the company’s ongoing growth and market performance.
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