New insider activity at Calavo Growers ( (CVGW) ) has taken place on April 16, 2025.
CEO Lecil Cole has made a significant investment in Calavo Growers by purchasing 21,070 shares of the company’s stock. This transaction is valued at $499,991, showcasing the CEO’s confidence in the company’s future prospects.
Recent Updates on CVGW stock
In the last 24 hours, Calavo Growers has seen significant developments that could impact its stock performance. The company announced a $25 million share repurchase program, which is often perceived positively by the market as it can indicate management’s confidence in the company’s future prospects and can also improve earnings per share by reducing the number of shares outstanding. Additionally, Calavo Growers reported strong financial performance for Q1 2025, with adjusted earnings per share of 33 cents, surpassing the consensus estimate of 29 cents. This positive earnings surprise is likely to bolster investor confidence. Furthermore, CEO Lecil Cole’s purchase of 21,070 common shares at $23.73 per share could be interpreted as a sign of insider confidence in the company’s valuation and future performance. These factors combined may influence analysts to adjust their price targets for the stock, reflecting improved financial health and strategic initiatives by the company.
Spark’s Take on CVGW Stock
According to Spark, TipRanks’ AI Analyst, CVGW is a Neutral.
Calavo Growers’ stock score reflects a stable financial position with low leverage and adequate equity, but it is offset by bearish technical indicators and valuation concerns due to negative earnings. The lack of earnings call and corporate events data limits additional insights, keeping the focus on financial stability and technical pressures.
To see Spark’s full report on CVGW stock, click here.
More about Calavo Growers
YTD Price Performance: -1.12%
Average Trading Volume: 187,903
Technical Sentiment Signal: Strong Buy
Current Market Cap: $442.3M