2 weeks Ago By ABMN Staff
Rhumbline Advisers acquired a new position in shares of Canoo Inc. ( NASDAQ:GOEV – Free Report ) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 71,898 shares of the company’s stock, valued at approximately $153,000.
Rhumbline Advisers owned 0.10% of Canoo at the end of the most recent reporting period. Other hedge funds and other institutional investors also recently modified their holdings of the company.
EP Wealth Advisors LLC lifted its position in Canoo by 269.3% during the fourth quarter. EP Wealth Advisors LLC now owns 1,000,000 shares of the company’s stock worth $257,000 after purchasing an additional 729,236 shares during the period.
SG Americas Securities LLC lifted its holdings in shares of Canoo by 95.6% during the 1st quarter. SG Americas Securities LLC now owns 22,065 shares of the company’s stock worth $79,000 after acquiring an additional 10,786 shares during the period.
Susquehanna Fundamental Investments LLC acquired a new stake in shares of Canoo during the 1st quarter worth approximately $900,000. Curbstone Financial Management Corp bought a new position in Canoo in the second quarter valued at approximately $43,000. Finally, MBL Wealth LLC acquired a new position in Canoo during the second quarter valued at approximately $31,000.
Institutional investors and hedge funds own 36.23% of the company’s stock. Insiders Place Their Bets In related news, CAO Ramesh Murthy sold 10,948 shares of the business’s stock in a transaction dated Wednesday, July 3rd.
The shares were sold at an average price of $2.33, for a total transaction of $25,508.84.
Following the sale, the chief accounting officer now owns 181,447 shares of the company’s stock, valued at $422,771.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink .
In related news, General Counsel Hector M. Ruiz sold 10,937 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $2.
33, for a total value of $25,483.21. Following the completion of the transaction, the general counsel now directly owns 181,513 shares in the company, valued at approximately $422,925.
29. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink . Also, CAO Ramesh Murthy sold 10,948 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd.
The shares were sold at an average price of $2.33, for a total value of $25,508.84.
Following the completion of the transaction, the chief accounting officer now directly owns 181,447 shares in the company, valued at $422,771.51. The disclosure for this sale can be found here .
In the last ninety days, insiders sold 30,082 shares of company stock worth $59,599. 9.70% of the stock is currently owned by corporate insiders.
Canoo Stock Performance Canoo ( NASDAQ:GOEV – Get Free Report ) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.
77) by $0.68. The business had revenue of $0.
61 million during the quarter, compared to analysts’ expectations of $1.99 million. On average, sell-side analysts forecast that Canoo Inc.
will post -3.72 EPS for the current fiscal year. Analyst Upgrades and Downgrades A number of equities research analysts have recently weighed in on GOEV shares.
Roth Mkm reduced their price target on shares of Canoo from $3.00 to $1.50 and set a “neutral” rating on the stock in a research note on Thursday, August 15th.
HC Wainwright decreased their target price on shares of Canoo from $7.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday, August 16th.
Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Canoo has an average rating of “Moderate Buy” and a consensus target price of $23.
04. View Our Latest Report on GOEV Canoo Company Profile ( Free Report ) Canoo Inc, a mobility technology company, designs, develops, markets, and manufactures electric vehicles for consumer, commercial fleet, government, and military customers in the United States. the company utilizes its multi-purpose platform architecture, a self-contained, fully functional rolling chassis that directly houses the critical components for operation of an electric vehicle, including its in-house designed proprietary electric drivetrain, battery systems, advanced vehicle control electronics and software, and other critical components.
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