Insider Selling: Mission Produce, Inc. (NASDAQ:AVO) CFO Sells 15,000 Shares of Stock

Mission Produce, Inc. (NASDAQ:AVO) CFO Bryan E. Giles sold 15,000 shares of Mission Produce stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $14.40, for a total transaction of $216,000.00. Following the sale, the chief financial officer now owns 122,137 shares of the company’s stock, valued at approximately $1,758,772.80. The trade was a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Mission Produce Price Performance

Shares of NASDAQ AVO opened at $14.10 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.02 and a quick ratio of 1.40. The firm’s 50 day simple moving average is $13.29 and its 200-day simple moving average is $11.92. Mission Produce, Inc. has a 12 month low of $9.54 and a 12 month high of $15.25. The stock has a market capitalization of $999.90 million, a price-to-earnings ratio of 42.73 and a beta of 0.54.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AVO shares. Lake Street Capital reissued a “buy” rating and set a $15.00 target price on shares of Mission Produce in a report on Tuesday, September 10th. Roth Mkm boosted their price objective on Mission Produce from $14.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, September 11th.

Institutional Trading of Mission Produce

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new stake in shares of Mission Produce during the 2nd quarter worth about $53,000. Point72 DIFC Ltd acquired a new position in Mission Produce in the 2nd quarter worth about $53,000. Quantbot Technologies LP acquired a new position in Mission Produce in the 3rd quarter worth about $76,000. nVerses Capital LLC purchased a new position in Mission Produce during the second quarter worth approximately $67,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Mission Produce in the second quarter valued at approximately $73,000. Institutional investors and hedge funds own 63.57% of the company’s stock.

About Mission Produce

Mission Produce, Inc engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries.