Gevo (NASDAQ:GEVO) COO Christopher Michael Ryan Sells 100,000 Shares

Key Points

• Gevo COO Christopher Michael Ryan sold 100,000 shares of the company's stock at an average price of $2.82, which totals approximately $282,000 and marked a 6.13% decrease in his ownership.
• After the recent sale, Ryan still holds over 1.5 million shares of Gevo stock, valued at around $4.32 million.
• Gevo's stock price increased by $0.03 during trading, closing at $2.59, with a market capitalization of $626.37 million.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) COO Christopher Michael Ryan sold 100,000 shares of Gevo stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $2.82, for a total value of $282,000.00. Following the transaction, the chief operating officer owned 1,531,938 shares of the company's stock, valued at approximately $4,320,065.16. This represents a 6.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Christopher Michael Ryan also recently made the following trade(s):

• On Thursday, September 4th, Christopher Michael Ryan sold 1,683 shares of Gevo stock. The shares were sold at an average price of $1.63, for a total value of $2,743.29.
• On Tuesday, August 5th, Christopher Michael Ryan sold 42,499 shares of Gevo stock. The shares were sold at an average price of $1.23, for a total value of $52,273.77.
• On Friday, August 1st, Christopher Michael Ryan sold 43,964 shares of Gevo stock. The shares were sold at an average price of $1.25, for a total value of $54,955.00.

Gevo Stock Performance

GEVO stock traded up $0.03 during trading on Wednesday, hitting $2.59. 18,556,283 shares of the company traded hands, compared to its average volume of 5,208,144. The stock's 50-day simple moving average is $1.84 and its 200 day simple moving average is $1.45. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.33 and a quick ratio of 2.10. The company has a market cap of $626.37 million, a PE ratio of -9.96 and a beta of 2.13. Gevo, Inc. has a 1 year low of $0.92 and a 1 year high of $3.39.

Gevo (NASDAQ:GEVO - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The energy company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.07. Gevo had a negative return on equity of 12.04% and a negative net margin of 72.76%.The company had revenue of $43.41 million during the quarter, compared to analysts' expectations of $43.69 million. On average, equities analysts expect that Gevo, Inc. will post -0.42 earnings per share for the current fiscal year.

Institutional Trading of Gevo

A number of institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of Gevo by 104.5% in the second quarter. Geode Capital Management LLC now owns 5,623,004 shares of the energy company's stock worth $7,424,000 after acquiring an additional 2,873,940 shares during the last quarter. Millennium Management LLC lifted its position in Gevo by 1.9% during the first 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 in the last quarter. First Bank & Trust purchased a new position in Gevo during the third quarter worth approximately $6,007,000. Goldman Sachs Group Inc. lifted its position in Gevo by 11.8% during the first 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 in the last quarter. Finally, Rhumbline Advisers purchased a new position in Gevo during the second quarter worth approximately $383,000. 35.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on GEVO. HC Wainwright reissued a "buy" rating on shares of Gevo in a report on Wednesday. Wall Street Zen raised Gevo from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Weiss Ratings reissued a "sell (d-)" rating on shares of Gevo in a report on Wednesday, October 8th. UBS Group raised their price objective on Gevo from $1.15 to $2.25 and gave the company a "neutral" rating in a report on Wednesday, September 17th. Finally, Zacks Research raised Gevo from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $8.13.

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.

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