Aeva Technologies, Inc. (NASDAQ:AEVA) Director Hrach Simonian Sells 100,000 Shares

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) Director Hrach Simonian sold 100,000 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of $24.86, for a total value of $2,486,000.00. Following the transaction, the director now directly owns 3,597,039 shares in the company, valued at $89,422,389.54. The trade was a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Aeva Technologies Stock Performance

NASDAQ:AEVA traded up $1.79 during trading hours on Wednesday, reaching $27.61. The company's stock had a trading volume of 2,695,189 shares, compared to its average volume of 1,302,832. The company has a market capitalization of $1.52 billion, a P/E ratio of -9.76 and a beta of 1.66. Aeva Technologies, Inc. has a 12 month low of $2.20 and a 12 month high of $28.10. The stock has a 50 day moving average price of $13.56 and a two-hundred day moving average price of $7.60.

Hedge Funds Weigh In On Aeva Technologies

Large investors have recently bought and sold shares of the business. Jones Financial Companies Lllp increased its position in shares of 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 purchasing an additional 5,469 shares in the last quarter. Intech Investment Management LLC acquired a new position in Aeva Technologies during the fourth quarter valued at $52,000. Squarepoint Ops LLC purchased a new stake in shares of Aeva Technologies during the 4th quarter worth about $54,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Aeva Technologies during the 4th quarter worth about $63,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Aeva Technologies during the 4th quarter worth about $78,000. Institutional investors own 62.92% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on AEVA shares. Morgan Stanley raised their target price on Aeva Technologies from $5.22 to $11.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Oppenheimer raised their price objective on Aeva Technologies from $9.00 to $18.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Canaccord Genuity Group raised their price objective on Aeva Technologies from $9.50 to $16.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Wall Street Zen upgraded Aeva Technologies from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Roth Capital boosted their price objective on Aeva Technologies from $17.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday. Three investment 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 stock presently has an average rating of "Moderate Buy" and a consensus price target 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.

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