Have Insiders Sold Mission Produce Shares Recently?

Some Mission Produce, Inc. (NASDAQ:AVO) shareholders may be a little concerned to see that the President of Central & South America, Juan Wiesner, recently sold a substantial US$978k worth of stock at a price of US$10.07 per share. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 8.3%.

Mission Produce Insider Transactions Over The Last Year

The Independent Director, Bruce Taylor, made the biggest insider sale in the last 12 months. That single transaction was for US$4.4m worth of shares at a price of US$14.15 each. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$9.76. So it is hard to draw any strong conclusion from it.

In the last year Mission Produce insiders didn't buy any company stock. 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!

See our latest analysis for Mission Produce

If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.

Insider Ownership Of Mission Produce

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Mission Produce insiders own about US$234m worth of shares (which is 33% 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 Mission Produce Insider Transactions Indicate?

Insiders sold Mission Produce shares recently, but they didn't buy any. And there weren't any purchases to give us comfort, over the last year. But since Mission Produce is profitable and growing, we're not too worried by this. It is good to see high insider ownership, but the insider selling leaves us cautious. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For instance, we've identified 2 warning signs for Mission Produce (1 is concerning) you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

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 of direct interests only, but not derivative transactions or indirect interests.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.