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Gevo , Inc. (NASDAQ:GEVO) Chief Business Officer Paul D. Bloom sold 42,073 shares of common stock on August 5, 2025, according to a recent SEC Filing. The renewable chemicals company, currently valued at $271.7 million, has seen its stock decline 7.5% over the past week. The shares were sold at a weighted average price of $1.2264, for a total transaction value of $51,598.
The sales were executed at prices ranging from $1.21 to $1.28. Following the transaction, Bloom directly owns 1,000,683 shares of Gevo, Inc. common stock and indirectly owns 22,047.57 shares by 401(k) Plan.
The sale was to cover tax withholding obligations upon vesting of a restricted stock award and was effected pursuant to a 10b5-1 trading plan adopted by Bloom on November 21, 2024. Want deeper insights into insider trading patterns and 14 additional key metrics? Access the comprehensive Pro Research Report for Gevo on InvestingPro.
In other recent news, Gevo, Inc. has announced its first sale of carbon removal credits, with a global financial and technology firm purchasing Puro.earth-certified CO2 Removal Certificates to aid in its decarbonization efforts. Additionally, Gevo has entered into a definitive agreement to sell its subsidiary, Agri-Energy, LLC, to A.E. Innovation, LLC for $7 million. This transaction includes an ethanol production facility in Luverne, Minnesota, and is expected to close by the end of 2025, subject to financing and other conditions. Gevo will receive $2 million at closing, with an additional $5 million in future payments, potentially saving the company $3 million annually by eliminating idle facility costs.
In analyst updates, Jefferies has raised its price target for Gevo to $1.50, citing the passage of the OBBBA legislation, while maintaining a Hold rating. Meanwhile, H.C. Wainwright has reaffirmed a Buy rating with a $14 price target following the sale announcement of Agri-Energy. In leadership changes, Gevo has promoted Lindsay (NYSE:LNN) Fitzgerald to Chief Advocacy and Communications Officer, where she will lead policy advocacy and public communications. These recent developments highlight Gevo’s strategic initiatives and evolving market position.
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