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 stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $30.53, for a total value of $678,956.67. Following the sale, the chief financial officer directly 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 filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $31.09, for a total value of $314,724.07.

Aeva Technologies Trading Up 3.1%

NASDAQ AEVA traded up $0.92 during trading on Wednesday, hitting $30.92. 2,887,143 shares of the company's stock were exchanged, compared to its average volume of 3,073,413. The company has a market cap of $1.70 billion, a PE ratio of -10.93 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 stock's 50 day moving average price is $21.16 and its two-hundred day moving average price is $10.51.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AEVA. Canaccord Genuity Group increased their target price on Aeva Technologies from $9.50 to $16.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Wall Street Zen upgraded shares of Aeva Technologies from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Oppenheimer raised their target price 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. 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 report on Monday, May 12th. Finally, Roth Capital lifted their price objective on shares of Aeva Technologies from $17.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $14.50.

Hedge Funds Weigh In On Aeva Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its holdings in Aeva Technologies by 14.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 242,376 shares of the company's stock valued at $1,151,000 after acquiring an additional 30,924 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Aeva Technologies in the 4th quarter valued at $52,000. American Century Companies Inc. increased its position in shares of Aeva Technologies by 34.9% during the fourth quarter. American Century Companies Inc. now owns 25,689 shares of the company's stock worth $122,000 after buying an additional 6,640 shares during the period. LPL Financial LLC bought a new position in Aeva Technologies during the fourth quarter worth $451,000. Finally, Geode Capital Management LLC lifted its holdings in Aeva Technologies by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 621,191 shares of the company's stock valued at $2,951,000 after buying an additional 9,318 shares during the period. 62.92% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.