Gevo, Inc. (NASDAQ:GEVO) Insider Sells $13,300.00 in Stock

Gevo, Inc. (NASDAQ:GEVO) insider Andrew Shafer sold 10,000 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $1.33, for a total value of $13,300.00. Following the completion of the sale, the insider now directly owns 322,430 shares of the company’s stock, valued at approximately $428,831.90. This represents a 3.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Gevo Stock Performance

NASDAQ:GEVO opened at $1.23 on Thursday. The company’s 50-day moving average is $1.59 and its two-hundred day moving average is $1.75. The firm has a market capitalization of $294.47 million, a price-to-earnings ratio of -3.62 and a beta of 2.72. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05. Gevo, Inc. has a 1-year low of $0.48 and a 1-year high of $3.39.

Hedge Funds Weigh In On Gevo

Several large investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in shares of Gevo during the fourth quarter worth $27,000. IHT Wealth Management LLC acquired a new position in shares of Gevo in the fourth quarter worth $29,000. Signal Advisors Wealth LLC purchased a new stake in shares of Gevo during the fourth quarter worth $34,000. Commonwealth Equity Services LLC acquired a new stake in shares of Gevo in the fourth quarter valued at $49,000. Finally, ExodusPoint Capital Management LP purchased a new position in Gevo in the fourth quarter valued at $49,000. Institutional investors and hedge funds own 35.17% of the company’s stock.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $14.00 target price on shares of Gevo in a research note on Monday, March 10th.

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.