Canoo Inc. (NYSE:GOEV) CEO Tony Aquila Acquires 4,504,505 Shares

Canoo Inc. (NYSE:GOEVGet Rating) CEO Tony Aquila bought 4,504,505 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were acquired at an average cost of $1.11 per share, with a total value of $5,000,000.55. Following the completion of the purchase, the chief executive officer now owns 55,737,160 shares in the company, valued at approximately $61,868,247.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Tony Aquila also recently made the following trade(s):

  • On Tuesday, September 13th, Tony Aquila bought 200,000 shares of Canoo stock. The shares were acquired at an average cost of $2.58 per share, with a total value of $516,000.00.

Canoo Trading Up 2.4 %

NYSE:GOEV opened at $1.08 on Friday. Canoo Inc. has a 1-year low of $1.02 and a 1-year high of $13.35. The firm has a fifty day simple moving average of $1.56 and a 200 day simple moving average of $2.62. The stock has a market capitalization of $350.46 million, a PE ratio of -0.48 and a beta of 1.21.

Hedge Funds Weigh In On Canoo

Several hedge funds and other institutional investors have recently made changes to their positions in GOEV. SG Americas Securities LLC bought a new position in shares of Canoo in the first quarter valued at $140,000. Advisor Group Holdings Inc. lifted its holdings in Canoo by 23.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 40,363 shares of the company’s stock valued at $223,000 after purchasing an additional 7,544 shares during the last quarter. Swiss National Bank lifted its holdings in Canoo by 7.9% during the 1st quarter. Swiss National Bank now owns 254,000 shares of the company’s stock valued at $1,402,000 after purchasing an additional 18,500 shares during the last quarter. Keebeck Alpha LP acquired a new stake in Canoo during the 1st quarter valued at $206,000. Finally, GSA Capital Partners LLP lifted its holdings in Canoo by 330.7% during the 1st quarter. GSA Capital Partners LLP now owns 67,080 shares of the company’s stock valued at $370,000 after purchasing an additional 51,505 shares during the last quarter. 38.08% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GOEV. Stifel Nicolaus began coverage on shares of Canoo in a research note on Thursday, September 15th. They set a “buy” rating and a $4.00 price target for the company. R. F. Lafferty decreased their price target on shares of Canoo from $15.00 to $6.00 in a research note on Thursday, November 10th. Finally, Roth Capital cut shares of Canoo from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $7.00 to $3.50 in a research note on Tuesday, August 9th.

Canoo Company Profile

(Get Rating)

Canoo Inc, a mobility technology company, designs, engineers, develops, and manufactures electric vehicles for commercial and consumer markets in the United States. The company offers lifestyle delivery vehicles, lifestyle vehicles, multi-purpose delivery vehicles, and pickups. It also provides multi-purpose platform architecture is a self-contained, fully functional rolling chassis design to support various range of vehicle weight and ride profiles.

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

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