Insider Selling: Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Director Sells 100,000 Shares of Stock

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) Director Jason T. Adelman sold 100,000 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $0.25, for a total value of $25,000.00. Following the transaction, the director now directly owns 300,000 shares in the company, valued at $75,000. This represents a 25.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Greenwave Technology Solutions Price Performance

NASDAQ GWAV opened at $0.26 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.52 and a debt-to-equity ratio of 0.09. The company has a market cap of $10.32 million, a PE ratio of 0.00 and a beta of 1.32. Greenwave Technology Solutions, Inc. has a 52 week low of $0.24 and a 52 week high of $117.00. The firm’s 50-day simple moving average is $0.46 and its two-hundred day simple moving average is $0.46.

Institutional Trading of Greenwave Technology Solutions

A hedge fund recently raised its stake in Greenwave Technology Solutions stock. Geode Capital Management LLC raised its holdings in shares of Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) by 134.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 177,055 shares of the company’s stock after acquiring an additional 101,579 shares during the quarter. Geode Capital Management LLC owned about 0.79% of Greenwave Technology Solutions worth $124,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 15.64% of the stock is currently owned by institutional investors.

About Greenwave Technology Solutions

Greenwave Technology Solutions, Inc, through its subsidiary, operates metal recycling facilities in Virginia, Ohio, and North Carolina. The company collects, classifies, and processes appliances, construction materials, end-of-life vehicles, boats, and industrial machinery. It is also involved in the purchasing and sale of processed and unprocessed scrap metals; and operation of automotive shredders.