Insider Selling: Gevo, Inc. (NASDAQ:GEVO) CEO Sells 116,060 Shares of Stock

Key Points

• Gevo, Inc. CEO Patrick R. Gruber sold 116,060 shares of the company stock for a total of $142,753.80, resulting in a 2.93% decrease in his ownership position.
• The company's stock is currently trading at $1.17 with a market capitalization of $280.29 million and has seen a 1-year low of $0.51 and a high of $3.39.
• Analysts have mixed ratings for Gevo; while Wall Street Zen downgraded it to a "sell," HC Wainwright maintained a "buy" rating with a price target of $14.00.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) CEO Patrick R. Gruber sold 116,060 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1.23, for a total value of $142,753.80. Following the completion of the transaction, the chief executive officer directly owned 3,847,104 shares in the company, valued at approximately $4,731,937.92. The trade was a 2.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Gevo Stock Performance

Shares of GEVO stock traded up $0.03 during trading hours on Friday, reaching $1.18. 2,354,127 shares of the company's stock were exchanged, compared to its average volume of 2,621,661. The business has a fifty day moving average price of $1.35 and a 200-day moving average price of $1.34. The stock has a market capitalization of $282.68 million, a P/E ratio of -3.28 and a beta of 2.67. The company has a quick ratio of 1.71, a current ratio of 2.04 and a debt-to-equity ratio of 0.31. Gevo, Inc. has a fifty-two week low of $0.52 and a fifty-two week high of $3.39.

Gevo (NASDAQ:GEVO - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. Gevo had a negative net margin of 193.87% and a negative return on equity of 16.41%. The company had revenue of $29.11 million for the quarter, compared to the consensus estimate of $22.19 million. Analysts predict that Gevo, Inc. will post -0.42 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on GEVO. HC Wainwright reiterated a "buy" rating and set a $14.00 price target on shares of Gevo in a report on Friday, May 30th. Wall Street Zen lowered shares of Gevo from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd.

Institutional Trading of Gevo

A number of institutional investors and hedge funds have recently modified their holdings of GEVO. Bank of America Corp DE raised its stake in shares of Gevo by 160.7% in the 4th quarter. Bank of America Corp DE now owns 360,559 shares of the energy company's stock valued at $754,000 after buying an additional 222,237 shares in the last quarter. Geode Capital Management LLC raised its position in Gevo by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 2,690,430 shares of the energy company's stock worth $5,626,000 after purchasing an additional 234,727 shares in the last quarter. Two Sigma Investments LP lifted its stake in Gevo by 671.3% during the fourth quarter. Two Sigma Investments LP now owns 329,928 shares of the energy company's stock worth $690,000 after purchasing an additional 287,150 shares during the period. Commonwealth Equity Services LLC acquired a new stake in Gevo during the fourth quarter valued at approximately $49,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Gevo in the 4th quarter valued at approximately $904,000. 35.17% of the stock is currently owned by institutional investors.

About Gevo

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.