Insider Selling: Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Sells 22,239 Shares of Stock

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) CFO Saurabh Sinha sold 22,239 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $30.53, for a total transaction of $678,956.67. Following the completion of the sale, the chief financial officer owned 970,710 shares in the company, valued at $29,635,776.30. This represents a 2.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Saurabh Sinha also recently made the following trade(s):

• On Tuesday, July 1st, Saurabh Sinha sold 10,123 shares of Aeva Technologies stock. The stock was sold at an average price of $31.09, for a total transaction of $314,724.07.

Aeva Technologies Price Performance

Aeva Technologies stock traded down $2.32 during mid-day trading on Friday, reaching $26.89. 1,131,877 shares of the company traded hands, compared to its average volume of 1,581,576. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -9.50 and a beta of 1.95. Aeva Technologies, Inc. has a fifty-two week low of $2.36 and a fifty-two week high of $38.80. The firm's fifty day moving average is $21.60 and its two-hundred day moving average is $10.68.

Institutional Trading of Aeva Technologies

Hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in Aeva Technologies by 27,345.0% during the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company's stock worth $38,000 after buying an additional 5,469 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Aeva Technologies during the fourth quarter worth $52,000. Squarepoint Ops LLC purchased a new stake in Aeva Technologies during the fourth quarter worth $54,000. Susquehanna Fundamental Investments LLC purchased a new stake in Aeva Technologies during the fourth quarter worth $63,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Aeva Technologies by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company's stock worth $96,000 after buying an additional 630 shares in the last quarter. 62.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Canaccord Genuity Group lifted their target price on shares of Aeva Technologies from $9.50 to $16.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Oppenheimer upped their price target on shares of Aeva Technologies from $9.00 to $18.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Roth Capital upped their price target on shares of Aeva Technologies from $17.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Wall Street Zen raised shares of Aeva Technologies from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, Morgan Stanley upped their price target on shares of Aeva Technologies from $5.22 to $11.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $14.50.

About Aeva Technologies

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.