Insider Selling: Gevo (NASDAQ:GEVO) CFO Sells 57,651 Shares of Stock

Gevo, Inc. CFO Oluwagbemileke Yusuf Agiri sold 57,651 shares of the company's stock at an average price of $1.63, totaling $93,971.13. This sale represents a 17.18% decrease in his holdings, leaving him with 277,835 shares valued at approximately $452,871.05. The transaction was disclosed to the SEC. Agiri has made additional sales recently, and Gevo's stock performance shows a market cap of $389.36 million with a PE ratio of -6.19. Analysts have mixed ratings on the stock, with a consensus rating of "Hold."

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) CFO Oluwagbemileke Yusuf Agiri sold 57,651 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $1.63, for a total value of $93,971.13. Following the transaction, the chief financial officer owned 277,835 shares in the company, valued at $452,871.05. This trade represents a 17.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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Oluwagbemileke Yusuf Agiri also recently made the following trade(s):

On Tuesday, August 5th, Oluwagbemileke Yusuf Agiri sold 5,738 shares of Gevo stock. The stock was sold at an average price of $1.23, for a total value of $7,057.74.
On Tuesday, June 3rd, Oluwagbemileke Yusuf Agiri sold 10,810 shares of Gevo stock. The shares were sold at an average price of $1.16, for a total value of $12,539.60.

Gevo Stock Performance

Shares of GEVO stock opened at $1.61 on Friday. The company's fifty day moving average price is $1.44 and its 200-day moving average price is $1.33. The stock has a market cap of $389.36 million, a PE ratio of -6.19 and a beta of 2.67. The company has a current ratio of 2.33, a quick ratio of 2.10 and a debt-to-equity ratio of 0.29. Gevo, Inc. has a 12 month low of $0.6703 and a 12 month high of $3.39.

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Gevo (NASDAQ:GEVO - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The energy company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.07. The company had revenue of $43.41 million during the quarter, compared to analysts' expectations of $43.69 million. Gevo had a negative net margin of 72.76% and a negative return on equity of 12.04%. On average, equities analysts expect that Gevo, Inc. will post -0.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GEVO. Zacks Research upgraded Gevo from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. Wall Street Zen raised Gevo from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, HC Wainwright reiterated a "buy" rating and issued a $14.00 price target on shares of Gevo in a research note on Friday, May 30th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $7.58.

Gevo's Cash Flow, Small Cap Buying Back Shares

Check Out Our Latest Research Report on Gevo

Institutional Trading of Gevo

A number of institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its position in Gevo by 160.7% during the fourth quarter. Bank of America Corp DE now owns 360,559 shares of the energy company's stock valued at $754,000 after acquiring an additional 222,237 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Gevo by 9.6% during the 4th quarter. Geode Capital Management LLC now owns 2,690,430 shares of the energy company's stock valued at $5,626,000 after purchasing an additional 234,727 shares during the period. Two Sigma Investments LP increased its position in shares of Gevo by 671.3% during the 4th quarter. Two Sigma Investments LP now owns 329,928 shares of the energy company's stock valued at $690,000 after purchasing an additional 287,150 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new stake in shares of Gevo during the 1st quarter valued at about $174,000. Finally, Renaissance Technologies LLC bought a new position in shares of Gevo in the 4th quarter worth approximately $904,000. Hedge funds and other institutional investors own 35.17% of the company's stock.

Gevo Company Profile

(Get Free Report)

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.