Director Melloul Eric sold 3.77M shares of COCO at $34.25 for $129.0M, reducing stake by -34.7% on 2025-05-09
Melloul Eric divested 3,766,762 shares (3.77M shares) at $34.25, a material 34.7% reduction in holdings worth $129,011,598.50 ($129.0M). The sale occurred near the 52-week range and significantly above current market levels of $32.71, suggesting favorable execution timing relative to recent trading. His same-ticker history at COCO shows mixed timing outcomes: his prior 2023-11-09 sale preceded a -27.9% 90-day decline (well-timed), while his 2023-05-26 sale was followed by +24.1% gains (poorly timed). Cross-ticker track record metrics indicate a 50.00% well-timed sell rate with average 90-day returns of -1.9%, suggesting modest timing discipline but no exceptional predictive pattern. The company trades at P/E 30.57 with recent 4.5% annual revenue growth and $18.9M net income on $130.9M quarterly revenue. This substantial share reduction by a director warrants monitoring for any change in insider conviction or strategic positioning.