Today, the CEO of Gevo (NASDAQ: GEVO), Patrick Gruber, bought shares of GEVO for $29.23K.
Following this transaction Patrick Gruber’s holding in the company was increased by 10.75% to a total of $433K. This is Gruber’s first Buy trade following 3 Sell transactions.
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Based on Gevo’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $9.42 million and GAAP net loss of $11.49 million. In comparison, last year the company earned revenue of $7.54 million and had a GAAP net loss of $10.16 million. Currently, Gevo has an average volume of 893.2K.
Six different firms, including Canaccord Genuity and JMP Securities, currently also have a Buy rating on the stock.
Patrick Gruber’s trades have generated a 4.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Gevo, Inc. is a renewable chemicals and next generation biofuels company which focuses on the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. It operates through the following segments: Gevo, Gevo Development and Agri-Energy.
