Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Sells $678,956.67 in Stock

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) CFO Saurabh Sinha sold 22,239 shares of the company's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $30.53, for a total transaction of $678,956.67. Following the sale, the chief financial officer directly owned 970,710 shares in the company, valued at approximately $29,635,776.30. This trade represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 Stock Down 5.5%

Shares of AEVA stock traded down $1.71 during trading on Thursday, hitting $29.21. The company had a trading volume of 2,975,170 shares, compared to its average volume of 1,582,515. The stock's 50-day moving average is $21.16 and its two-hundred day moving average is $10.51. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of -10.32 and a beta of 1.95. Aeva Technologies, Inc. has a 52 week low of $2.36 and a 52 week high of $38.80.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sylebra Capital LLC grew its position in Aeva Technologies by 56.4% during the first quarter. Sylebra Capital LLC now owns 16,228,553 shares of the company's stock valued at $113,600,000 after acquiring an additional 5,849,249 shares during the last quarter. Jones Financial Companies Lllp grew its position 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 valued at $38,000 after acquiring an additional 5,469 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 valued at $96,000 after acquiring an additional 630 shares during the last quarter. AQR Capital Management LLC grew its position in Aeva Technologies by 29.2% during the first quarter. AQR Capital Management LLC now owns 20,849 shares of the company's stock valued at $146,000 after acquiring an additional 4,707 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Aeva Technologies by 81.5% during the first quarter. American Century Companies Inc. now owns 46,623 shares of the company's stock valued at $326,000 after acquiring an additional 20,934 shares during the last quarter. 62.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Oppenheimer increased their price target on shares of Aeva Technologies from $9.00 to $18.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Morgan Stanley increased their price target on shares of Aeva Technologies from $5.22 to $11.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Canaccord Genuity Group upped their price objective on shares of Aeva Technologies from $9.50 to $16.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Roth Capital upped their price objective 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. Finally, Wall Street Zen upgraded shares of Aeva Technologies from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $14.50.

Aeva Technologies Company Profile

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.