Insider Selling: Gevo, Inc. (NASDAQ:GEVO) Insider Sells 11,694 Shares of Stock

Key Points

• Insider Sale: Gevo, Inc. insider Kimberly T. Bowron sold 11,694 shares of stock at an average price of $1.25, resulting in a transaction valued at $14,617.50, reducing her holdings by 2.31%.
• Company Performance: Gevo reported a quarterly revenue of $29.11 million, surpassing estimates, and a net margin of -193.87%, with analysts forecasting a negative EPS of -0.42 for the current fiscal year.
• Investor Interest: Institutional investors have increased their stake in Gevo, with Invesco Ltd. boosting its ownership by 441% during the last quarter, reflecting growing confidence in the company.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) insider Kimberly T. Bowron sold 11,694 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $1.25, for a total transaction of $14,617.50. Following the transaction, the insider owned 495,126 shares in the company, valued at approximately $618,907.50. The trade was a 2.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Gevo Trading Up 0.8%

NASDAQ GEVO traded up $0.01 during trading hours on Monday, hitting $1.23. The company's stock had a trading volume of 2,120,640 shares, compared to its average volume of 4,349,253. Gevo, Inc. has a twelve month low of $0.48 and a twelve month high of $3.39. The company has a quick ratio of 1.71, a current ratio of 2.04 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $294.66 million, a P/E ratio of -3.42 and a beta of 2.67. The stock has a fifty day moving average of $1.35 and a 200 day moving average of $1.36.

Gevo (NASDAQ:GEVO - Get Free Report) last issued its earnings results on Tuesday, May 13th. The energy company reported ($0.09) EPS for the quarter, beating 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 firm had revenue of $29.11 million during the quarter, compared to the consensus estimate of $22.19 million. Equities research analysts forecast that Gevo, Inc. will post -0.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gevo

Several large investors have recently bought and sold shares of GEVO. Invesco Ltd. increased its stake in Gevo by 441.0% in the fourth quarter. Invesco Ltd. now owns 4,289,949 shares of the energy company's stock valued at $8,966,000 after purchasing an additional 3,497,007 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Gevo during the fourth quarter worth $904,000. Marshall Wace LLP bought a new stake in shares of Gevo during the fourth quarter worth $812,000. Two Sigma Investments LP increased its position in shares of 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 acquiring an additional 287,150 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Gevo during the fourth quarter worth $562,000. Institutional investors own 35.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports 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. Wall Street Zen lowered shares of Gevo from a "hold" rating to a "sell" rating in a research report on Saturday.

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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