Stock Traders Purchase Large Volume of Call Options on Gevo (NASDAQ:GEVO)

Gevo, Inc. (NASDAQ:GEVO) was the recipient of some unusual options trading activity on Thursday. Investors acquired 12,387 call options on the company. This is an increase of 240% compared to the typical daily volume of 3,647 call options.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GEVO shares. HC Wainwright reaffirmed a “buy” rating and issued a $14.00 price target on shares of Gevo in a report on Wednesday, November 13th. UBS Group increased their target price on shares of Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd.

Insider Buying and Selling at Gevo

In other news, insider Andrew Shafer sold 26,911 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total transaction of $63,779.07. Following the completion of the transaction, the insider now directly owns 332,430 shares in the company, valued at approximately $787,859.10. This represents a 7.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Bloom sold 16,000 shares of the business’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $3.06, for a total transaction of $48,960.00. Following the completion of the sale, the insider now directly owns 947,882 shares of the company’s stock, valued at $2,900,518.92. The trade was a 1.66 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC purchased a new stake in Gevo in the 2nd quarter worth about $2,888,000. Point72 Asset Management L.P. lifted its holdings in Gevo by 54.2% in the 3rd 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. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Gevo during the 2nd quarter worth $295,000. Cubist Systematic Strategies LLC bought a new stake in Gevo during the second quarter valued at about $112,000. Finally, XTX Topco Ltd increased its position in Gevo by 61.8% in the 2nd quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock worth $74,000 after buying an additional 51,057 shares during the period. 35.17% of the stock is currently owned by institutional investors and hedge funds.

Gevo Trading Up 35.1 %

Shares of NASDAQ GEVO opened at $2.04 on Friday. The business has a fifty day simple moving average of $1.86 and a 200-day simple moving average of $1.25. The company has a market cap of $488.39 million, a price-to-earnings ratio of -6.00 and a beta of 2.83. Gevo has a 12 month low of $0.48 and a 12 month high of $3.39. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13.

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.