Insider Selling: Gevo, Inc. (NASDAQ:GEVO) CEO Sells 108,966 Shares of Stock

Gevo, Inc. (NASDAQ:GEVO) CEO Patrick R. Gruber sold 108,966 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $0.59, for a total value of $64,289.94. Following the transaction, the chief executive officer now directly owns 4,049,680 shares in the company, valued at approximately $2,389,311.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Gevo Stock Down 1.9 %

NASDAQ GEVO traded down $0.01 during trading hours on Thursday, hitting $0.57. 1,679,769 shares of the company were exchanged, compared to its average volume of 5,040,002. The company has a 50 day moving average of $0.62 and a two-hundred day moving average of $0.72. The company has a quick ratio of 12.62, a current ratio of 12.80 and a debt-to-equity ratio of 0.13. Gevo, Inc. has a 52-week low of $0.53 and a 52-week high of $1.72. The firm has a market cap of $134.65 million, a price-to-earnings ratio of -1.97 and a beta of 2.90.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings results on Thursday, May 2nd. The energy company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Gevo had a negative return on equity of 11.97% and a negative net margin of 393.88%. The company had revenue of $3.99 million for the quarter, compared to analysts’ expectations of $4.39 million. Equities research analysts anticipate that Gevo, Inc. will post -0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. UBS Group decreased their price target on Gevo from $1.36 to $0.85 and set a “neutral” rating on the stock in a research note on Wednesday, April 10th. HC Wainwright reiterated a “buy” rating and issued a $14.00 price objective on shares of Gevo in a report on Friday, May 3rd.

Institutional Investors Weigh In On Gevo

Several large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its holdings in Gevo by 136.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 49,134 shares of the energy company’s stock worth $57,000 after purchasing an additional 28,323 shares during the period. Bayesian Capital Management LP acquired a new position in shares of Gevo during the 1st quarter worth about $27,000. FinTrust Capital Advisors LLC acquired a new position in shares of Gevo during the 1st quarter worth about $38,000. BNP Paribas Financial Markets boosted its position in shares of Gevo by 79.5% during the 1st quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock worth $110,000 after acquiring an additional 63,179 shares in the last quarter. Finally, RPO LLC acquired a new position in shares of Gevo during the 4th quarter worth about $77,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

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.