Canoo Inc. (NASDAQ:GOEV) CAO Ramesh Murthy Sells 10,948 Shares of Stock

Canoo Inc. (NASDAQ:GOEVGet Free Report) CAO Ramesh Murthy sold 10,948 shares of Canoo stock in a transaction 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 owns 181,447 shares in the company, valued at approximately $422,771.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Canoo Trading Down 4.9 %

GOEV opened at $2.12 on Friday. The firm’s 50 day moving average is $2.30 and its 200-day moving average is $3.13. Canoo Inc. has a 52-week low of $1.22 and a 52-week high of $19.50.

Canoo (NASDAQ:GOEVGet Free Report) last posted its quarterly earnings data on Tuesday, May 14th. The company reported ($2.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.97) by ($1.23). During the same quarter in the prior year, the firm posted ($3.91) EPS. On average, sell-side analysts anticipate that Canoo Inc. will post -4.37 EPS for the current year.

Institutional Trading of Canoo

Hedge funds have recently made changes to their positions in the company. EP Wealth Advisors LLC raised its stake in shares of Canoo by 269.3% during the fourth quarter. EP Wealth Advisors LLC now owns 1,000,000 shares of the company’s stock valued at $257,000 after purchasing an additional 729,236 shares during the period. Curbstone Financial Management Corp bought a new stake in shares of Canoo in the second quarter worth $43,000. SG Americas Securities LLC increased its stake in shares of Canoo by 95.6% in the first quarter. SG Americas Securities LLC now owns 22,065 shares of the company’s stock worth $79,000 after buying an additional 10,786 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Canoo in the first quarter valued at $900,000. Hedge funds and other institutional investors own 36.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. R. F. Lafferty cut Canoo from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Alliance Global Partners dropped their price objective on shares of Canoo from $20.00 to $18.50 and set a “buy” rating for the company in a research report on Friday, March 15th. Roth Mkm cut their target price on shares of Canoo from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 15th. Benchmark reaffirmed a “buy” rating and set a $5.00 price target on shares of Canoo in a research report on Wednesday, May 22nd. Finally, HC Wainwright reissued a “buy” rating and issued a $7.00 price objective on shares of Canoo in a research report on Wednesday, May 15th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.79.

Read Our Latest Stock Analysis on GOEV

Canoo Company Profile

(Get 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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Insider Buying and Selling by Quarter for Canoo (NASDAQ:GOEV)

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