The President & CEO of Green Plains Inc (NASDAQ: GPRE) is Buying Shares

By Carrie Williams

Today, the President & CEO of Green Plains Inc (NASDAQ: GPRE), Todd Becker, bought shares of GPRE for $150.7K.

This is Becker’s first Buy trade following 8 Sell transactions. In addition to Todd Becker, 2 other GPRE executives reported Buy trades in the last month.

Based on Green Plains Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $901 million and quarterly net profit of $34.39 million. In comparison, last year the company earned revenue of $815 million and had a net profit of $7.93 million. The company has a one-year high of $29.10 and a one-year low of $15.60. GPRE’s market cap is $689.5M and the company has a P/E ratio of 23.59.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $24, reflecting a -30.2% downside. 11 different firms, including BMO Capital and Craig-Hallum, currently also have a Buy rating on the stock. Starting in September 2017, GPRE received 6 Buy ratings in a row.

In the last 30 days, insiders have sold $113.2K worth of GPRE shares and purchased $406.6K worth of GPRE shares. The insider sentiment on Green Plains Inc has been positive according to 64 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Green Plains, Inc. produces fuel-grade ethanol and corn oil, provides grain handling and storage, commodity marketing and distribution services. The company operates through the following segments: Ethanol Production, Partnership, Agribusiness and Energy Services and Food & Food Ingredients.