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

Gevo, Inc. (NASDAQ:GEVO) insider Andrew Shafer sold 10,000 shares of Gevo 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 transaction, the insider now owns 322,430 shares of the company’s stock, valued at $428,831.90. This trade represents a 3.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Gevo Stock Performance

NASDAQ GEVO opened at $1.26 on Friday. The company has a fifty day moving average price of $1.57 and a 200-day moving average price of $1.75. The firm has a market cap of $301.65 million, a price-to-earnings ratio of -3.71 and a beta of 2.72. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05. Gevo, Inc. has a 1 year low of $0.48 and a 1 year high of $3.39.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Gevo

Institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of Gevo in the 4th quarter worth approximately $59,000. Point72 Asset Management L.P. boosted its position in Gevo by 54.2% in the third quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock worth $3,770,000 after purchasing an additional 812,870 shares during the last quarter. Amundi bought a new position in Gevo in the 4th quarter valued at $301,000. SBI Securities Co. Ltd. bought a new position in Gevo in the 4th quarter valued at $468,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Gevo during the 4th quarter valued at $54,000. 35.17% of the stock is owned by institutional investors.

About Gevo

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.