Insider Selling: Mission Produce, Inc. (NASDAQ:AVO) Director Sells 20,000 Shares of Stock

Mission Produce, Inc. (NASDAQ:AVO) Director Luis A. Gonzalez sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $14.18, for a total transaction of $283,600.00. Following the completion of the transaction, the director now owns 275,000 shares in the company, valued at $3,899,500. The trade was a 6.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Mission Produce Stock Performance

Mission Produce stock opened at $14.37 on Thursday. Mission Produce, Inc. has a 52 week low of $9.54 and a 52 week high of $15.25. The company has a current ratio of 2.02, a quick ratio of 1.40 and a debt-to-equity ratio of 0.28. The stock has a market cap of $1.02 billion, a P/E ratio of 43.55 and a beta of 0.54. The stock has a 50 day moving average of $13.15 and a 200-day moving average of $11.86.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AVO shares. Lake Street Capital reissued a “buy” rating and issued a $15.00 target price on shares of Mission Produce in a research note on Tuesday, September 10th. Roth Mkm boosted their price objective on Mission Produce from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th.

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.