Calavo Growers (CVGW) was Smart Insider's stock pick of the week after the company's Chief Executive Lecil Cole purchased $2.4 million worth of Calavo Growers' shares this month at $24.40 apiece, raising his ownership by 20%.

Cole bought $4.9 million worth of the company's shares in 2023 at an average price of $28 per share and it is "interesting to see him add another 20% to his holdings at a slightly lower price," Smart Insider said in a note Tuesday.

Additionally, Chief Financial Officer James Snyder spent $75,000 at $23.33 a share, marking his first purchase, while Senior Vice President of Sales & Operations Michael Browne bought $258,000 worth of company shares in April for an average price of $23.43 apiece, the note added.

"This is a solid cluster of buying from three key officers," the note said, adding that all three executives bought the shares after April 3, when the Trump administration proposed new tariffs.

Smart Insider ranked the stock +1, or strongly positive signal, on April 21.