Jason T. Adelman Sells 100,000 Shares of Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Stock

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Director Jason T. Adelman sold 100,000 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $0.25, for a total value of $25,000.00. Following the completion of the sale, the director now owns 300,000 shares of the company’s stock, valued at $75,000. This trade represents a 25.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Greenwave Technology Solutions Price Performance

Shares of GWAV opened at $0.26 on Friday. The stock has a 50 day simple moving average of $0.46 and a 200 day simple moving average of $0.46. Greenwave Technology Solutions, Inc. has a 52-week low of $0.24 and a 52-week high of $117.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.36 and a current ratio of 1.52. The firm has a market capitalization of $10.32 million, a PE ratio of 0.00 and a beta of 1.32.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Greenwave Technology Solutions stock. Geode Capital Management LLC boosted its stake in Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) by 134.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,055 shares of the company’s stock after acquiring an additional 101,579 shares during the quarter. Geode Capital Management LLC owned 0.79% of Greenwave Technology Solutions worth $124,000 as of its most recent SEC filing. Institutional investors and hedge funds own 15.64% of the company’s stock.

Greenwave Technology Solutions Company Profile

Greenwave Technology Solutions, Inc, through its subsidiary, operates metal recycling facilities in Virginia, Ohio, and North Carolina. The company collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. It is also involved in the purchasing and sale of processed and unprocessed scrap metals; and operation of automotive shredders.