Gevo, Inc. (NASDAQ:GEVO) Insider Andrew Shafer Sells 10,000 Shares

Gevo, Inc. (NASDAQ:GEVO) insider Andrew Shafer sold 10,000 shares of the business’s stock in a transaction that occurred on 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 $428,831.90. This represents a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Gevo Stock Performance

GEVO traded down $0.02 during midday trading on Wednesday, reaching $1.23. The company had a trading volume of 2,471,695 shares, compared to its average volume of 5,693,710. The business has a 50-day moving average price of $1.61 and a two-hundred day moving average price of $1.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. Gevo, Inc. has a 12-month low of $0.48 and a 12-month high of $3.39. The stock has a market cap of $294.47 million, a PE ratio of -3.62 and a beta of 2.72.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Gevo

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