Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Director Jason T. Adelman Sells 100,000 Shares

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Director Jason T. Adelman sold 100,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $0.25, for a total value of $25,000.00. Following the transaction, the director now owns 300,000 shares of the company’s stock, valued at approximately $75,000. This represents a 25.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Greenwave Technology Solutions Trading Up 2.0 %

NASDAQ:GWAV opened at $0.26 on Friday. The firm has a market cap of $10.32 million, a PE ratio of 0.00 and a beta of 1.32. The stock has a fifty day moving average price of $0.46 and a 200 day moving average price of $0.46. Greenwave Technology Solutions, Inc. has a 12-month low of $0.24 and a 12-month high of $117.00. The company has a current ratio of 1.52, a quick ratio of 1.36 and a debt-to-equity ratio of 0.09.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Greenwave Technology Solutions stock. Geode Capital Management LLC lifted its stake in Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) by 134.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 177,055 shares of the company’s stock after purchasing an additional 101,579 shares during the period. Geode Capital Management LLC owned about 0.79% of Greenwave Technology Solutions worth $124,000 at the end of the most recent quarter. 15.64% of the stock is owned by institutional investors and hedge funds.

Greenwave Technology Solutions Company Profile

Greenwave Technology Solutions, Inc, through its subsidiary, operates metal recycling facilities in Virginia, Ohio, and North Carolina. The company collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. It is also involved in the purchasing and sale of processed and unprocessed scrap metals; and operation of automotive shredders.