Insider Selling: Gevo, Inc. (NASDAQ:GEVO) Insider Sells 10,000 Shares of Stock

Gevo, Inc. (NASDAQ:GEVO) insider Andrew Shafer sold 10,000 shares of Gevo stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $1.33, for a total value of $13,300.00. Following the sale, the insider now directly owns 322,430 shares of the company’s stock, valued at approximately $428,831.90. This trade represents a 3.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Gevo Trading Down 1.6 %

Shares of NASDAQ:GEVO traded down $0.02 during trading on Wednesday, reaching $1.23. 2,471,695 shares of the company traded hands, compared to its average volume of 5,693,710. The firm has a market capitalization of $294.47 million, a price-to-earnings ratio of -3.62 and a beta of 2.72. Gevo, Inc. has a 52-week low of $0.48 and a 52-week high of $3.39. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. The business’s fifty day moving average is $1.61 and its 200-day moving average is $1.75.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and issued a $14.00 price objective on shares of Gevo in a report on Monday, March 10th.

Institutional Trading of Gevo

A number of institutional investors have recently modified their holdings of GEVO. Raymond James Financial Inc. purchased a new stake in Gevo in the fourth quarter worth $27,000. IHT Wealth Management LLC bought a new position in shares of Gevo in the 4th quarter worth approximately $29,000. Signal Advisors Wealth LLC purchased a new position in shares of Gevo in the 4th quarter valued at approximately $34,000. Commonwealth Equity Services LLC bought a new stake in shares of Gevo during the fourth quarter valued at approximately $49,000. Finally, ExodusPoint Capital Management LP purchased a new stake in Gevo in the fourth quarter worth $49,000. 35.17% of the stock is currently owned by hedge funds and other institutional investors.

Gevo Company Profile

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.