Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) Director Hrach Simonian sold 100,000 shares of Aeva Technologies stock in a transaction dated Monday, June 16th. The stock was 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 approximately $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 through this hyperlink.
Aeva Technologies Price Performance
Shares of AEVA traded down $2.48 during trading hours on Friday, hitting $25.13. The stock had a trading volume of 4,272,926 shares, compared to its average volume of 1,667,986. The company's fifty day moving average is $14.72 and its two-hundred day moving average is $8.06. Aeva Technologies, Inc. has a 52 week low of $2.20 and a 52 week high of $28.10. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of -8.88 and a beta of 1.66.
Wall Street Analyst Weigh In
AEVA has been the subject of a number of research reports. Roth Capital raised their price objective on Aeva Technologies from $17.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday. Wall Street Zen upgraded Aeva Technologies from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Morgan Stanley raised their price objective on Aeva Technologies from $5.22 to $11.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Canaccord Genuity Group raised their price objective on Aeva Technologies from $9.50 to $16.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, Oppenheimer raised their price objective on Aeva Technologies from $9.00 to $18.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.50.
View Our Latest Analysis on AEVA
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in AEVA. Sylebra Capital LLC boosted its stake in shares of Aeva Technologies by 56.4% in the 1st quarter. Sylebra Capital LLC now owns 16,228,553 shares of the company's stock valued at $113,600,000 after purchasing an additional 5,849,249 shares during the last quarter. Parkwood LLC boosted its stake in shares of Aeva Technologies by 415.7% in the 4th quarter. Parkwood LLC now owns 1,426,627 shares of the company's stock valued at $6,776,000 after purchasing an additional 1,150,000 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Aeva Technologies by 2,490.3% in the 4th quarter. Jane Street Group LLC now owns 648,942 shares of the company's stock valued at $3,082,000 after purchasing an additional 623,889 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Aeva Technologies by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 621,191 shares of the company's stock valued at $2,951,000 after purchasing an additional 9,318 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Aeva Technologies by 14.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 242,376 shares of the company's stock valued at $1,151,000 after purchasing an additional 30,924 shares during the last quarter. Institutional investors and hedge funds own 62.92% of the company's stock.
About Aeva Technologies
(
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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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