Andrew Shafer Sells 10,000 Shares of Gevo, Inc. (NASDAQ:GEVO) Stock

Gevo, Inc. (NASDAQ:GEVO) insider Andrew Shafer sold 10,000 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $1.33, for a total value of $13,300.00. Following the sale, the insider now owns 322,430 shares in the company, valued at approximately $428,831.90. The trade was a 3.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Gevo Trading Up 2.4 %

NASDAQ:GEVO opened at $1.26 on Friday. Gevo, Inc. has a 12 month low of $0.48 and a 12 month high of $3.39. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $301.65 million, a price-to-earnings ratio of -3.71 and a beta of 2.72. The firm has a fifty day simple moving average of $1.57 and a two-hundred day simple moving average of $1.75.

Institutional Trading of Gevo

Several large investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Gevo during the 4th quarter worth approximately $27,000. IHT Wealth Management LLC bought a new stake in shares of Gevo during the fourth quarter valued at approximately $29,000. Signal Advisors Wealth LLC bought a new stake in shares of Gevo during the fourth quarter valued at approximately $34,000. Commonwealth Equity Services LLC acquired a new position in shares of Gevo during the fourth quarter worth approximately $49,000. Finally, ExodusPoint Capital Management LP bought a new position in shares of Gevo in the 4th quarter worth $49,000. 35.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “buy” rating and issued a $14.00 price target on shares of Gevo in a research note on Monday, March 10th.

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.