Insider Selling: Gevo, Inc. (NASDAQ:GEVO) CEO Sells $64,910.76 in Stock

Gevo, Inc. (NASDAQ:GEVO) CEO Patrick R. Gruber sold 127,276 shares of Gevo stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $0.51, for a total value of $64,910.76. Following the completion of the transaction, the chief executive officer now directly owns 3,922,404 shares in the company, valued at $2,000,426.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Gevo Stock Performance

Shares of NASDAQ GEVO remained flat at $0.54 during midday trading on Friday. 1,252,263 shares of the company traded hands, compared to its average volume of 4,913,382. Gevo, Inc. has a one year low of $0.48 and a one year high of $1.67. The company has a market capitalization of $127.59 million, a price-to-earnings ratio of -1.86 and a beta of 2.90. The firm has a 50-day moving average of $0.60 and a 200-day moving average of $0.70. The company has a current ratio of 12.80, a quick ratio of 12.62 and a debt-to-equity ratio of 0.13.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a “buy” rating and issued a $14.00 price objective on shares of Gevo in a research report on Friday, May 3rd.

Institutional Trading of Gevo

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its stake in shares of Gevo by 136.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 49,134 shares of the energy company’s stock valued at $57,000 after purchasing an additional 28,323 shares during the period. Bayesian Capital Management LP bought a new position in Gevo in the first quarter worth $27,000. FinTrust Capital Advisors LLC purchased a new position in Gevo during the first quarter valued at $38,000. BNP Paribas Financial Markets lifted its position in Gevo by 79.5% during the first quarter. BNP Paribas Financial Markets now owns 142,679 shares of the energy company’s stock valued at $110,000 after buying an additional 63,179 shares during the period. Finally, RPO LLC bought a new stake in shares of Gevo during the 4th quarter valued at $77,000. 35.17% of the stock is owned by institutional investors.

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.