Gevo, Inc. (NASDAQ:GEVO – Get Free Report) COO Christopher Michael Ryan sold 84,014 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $0.76, for a total transaction of $63,850.64. Following the sale, the chief operating officer now owns 1,573,934 shares of the company’s stock, valued at approximately $1,196,189.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Christopher Michael Ryan also recently made the following trade(s):
- On Tuesday, August 6th, Christopher Michael Ryan sold 46,608 shares of Gevo stock. The stock was sold at an average price of $0.51, for a total transaction of $23,770.08.
- On Wednesday, July 31st, Christopher Michael Ryan sold 39,821 shares of Gevo stock. The shares were sold at an average price of $0.59, for a total transaction of $23,494.39.
Gevo Stock Performance
Gevo stock opened at $0.93 on Wednesday. The stock has a 50-day simple moving average of $0.63 and a 200 day simple moving average of $0.69. The stock has a market capitalization of $218.68 million, a price-to-earnings ratio of -3.19 and a beta of 2.90. 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 12-month low of $0.48 and a 12-month high of $1.43.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright restated a “buy” rating and set a $14.00 price target on shares of Gevo in a research report on Monday, August 12th.
Get Our Latest Stock Report on GEVO
Institutional Trading of Gevo
Institutional investors have recently bought and sold shares of the business. Millennium Management LLC acquired a new position in shares of Gevo in the 2nd quarter valued at $2,888,000. Thomist Capital Management LP bought a new stake in Gevo in the first quarter valued at about $1,833,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Gevo in the second quarter valued at about $295,000. Vanguard Group Inc. lifted its stake in Gevo by 3.1% in the first quarter. Vanguard Group Inc. now owns 13,805,071 shares of the energy company’s stock valued at $10,612,000 after buying an additional 409,693 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in Gevo during the second quarter worth about $112,000. Institutional investors and hedge funds 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.
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