Insider Selling: Gevo, Inc. (NASDAQ:GEVO) CFO Sells 10,810 Shares of Stock

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) CFO Oluwagbemileke Yusuf Agiri sold 10,810 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $1.16, for a total transaction of $12,539.60. Following the completion of the sale, the chief financial officer now owns 152,140 shares in the company, valued at approximately $176,482.40. This trade represents a 6.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Gevo Stock Up 4.5%

Gevo stock traded up $0.05 during mid-day trading on Friday, reaching $1.16. The company's stock had a trading volume of 3,020,160 shares, compared to its average volume of 5,435,664. The company has a market capitalization of $277.89 million, a price-to-earnings ratio of -3.41 and a beta of 2.53. Gevo, Inc. has a 12 month low of $0.48 and a 12 month high of $3.39. The business's 50 day simple moving average is $1.13 and its 200 day simple moving average is $1.48. 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 (NASDAQ:GEVO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The energy company reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.01. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. The company had revenue of $29.11 million during the quarter, compared to the consensus estimate of $22.19 million. As a group, research analysts anticipate that Gevo, Inc. will post -0.42 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on GEVO shares. HC Wainwright restated a "buy" rating and set a $14.00 price objective on shares of Gevo in a report on Friday, May 30th. UBS Group dropped their price objective on shares of Gevo from $3.25 to $1.15 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Invesco Ltd. grew its position in shares of Gevo by 441.0% in the 4th quarter. Invesco Ltd. now owns 4,289,949 shares of the energy company's stock valued at $8,966,000 after acquiring an additional 3,497,007 shares during the period. Millennium Management LLC boosted its holdings in shares of Gevo by 1.9% during the 1st quarter. Millennium Management LLC now owns 3,278,261 shares of the energy company's stock worth $3,803,000 after buying an additional 61,919 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Gevo by 9.6% during the 4th quarter. Geode Capital Management LLC now owns 2,690,430 shares of the energy company's stock worth $5,626,000 after buying an additional 234,727 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Gevo by 11.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,164,499 shares of the energy company's stock worth $1,351,000 after buying an additional 123,170 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Gevo during the 4th quarter worth about $904,000. Institutional investors own 35.17% of the company's stock.

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.