Aeva Technologies, Inc. (NYSE:AEVA) CTO Mina Rezk Sells 125,000 Shares

Aeva Technologies, Inc. (NYSE:AEVA - Get Free Report) CTO Mina Rezk sold 125,000 shares of the firm's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $6.34, for a total value of $792,500.00. Following the completion of the sale, the chief technology officer now owns 8,421,669 shares in the company, valued at $53,393,381.46. The trade was a 1.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Mina Rezk also recently made the following trade(s):

• On Tuesday, April 15th, Mina Rezk sold 88,916 shares of Aeva Technologies stock. The stock was sold at an average price of $7.61, for a total transaction of $676,650.76.
• On Thursday, April 10th, Mina Rezk sold 21,012 shares of Aeva Technologies stock. The shares were sold at an average price of $7.51, for a total value of $157,800.12.
• On Tuesday, April 1st, Mina Rezk sold 7,300 shares of Aeva Technologies stock. The stock was sold at an average price of $7.50, for a total value of $54,750.00.
• On Monday, March 10th, Mina Rezk sold 70,000 shares of Aeva Technologies stock. The shares were sold at an average price of $2.79, for a total value of $195,300.00.

Aeva Technologies Trading Down 2.3 %

AEVA stock traded down $0.17 during trading hours on Friday, hitting $7.32. 816,197 shares of the stock traded hands, compared to its average volume of 478,031. The stock has a 50-day simple moving average of $5.19 and a 200 day simple moving average of $4.56. The company has a market cap of $400.51 million, a P/E ratio of -2.37 and a beta of 1.03. Aeva Technologies, Inc. has a one year low of $2.20 and a one year high of $8.12.

Analysts Set New Price Targets

A number of brokerages have recently commented on AEVA. Morgan Stanley raised their price target on Aeva Technologies from $4.87 to $5.22 and gave the company an "equal weight" rating in a report on Friday, March 21st. Canaccord Genuity Group began coverage on shares of Aeva Technologies in a research note on Tuesday, April 1st. They set a "buy" rating and a $9.50 target price on the stock. Finally, Oppenheimer upped their price target on shares of Aeva Technologies from $6.00 to $9.00 and gave the stock an "outperform" rating in a research note on Monday, April 21st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $7.14.

Institutional Investors Weigh In On Aeva Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp raised its holdings in shares of Aeva Technologies by 5.5% in the 3rd quarter. State Street Corp now owns 452,309 shares of the company's stock worth $1,488,000 after purchasing an additional 23,593 shares in the last quarter. Barclays PLC grew its position in Aeva Technologies by 276.4% in the third quarter. Barclays PLC now owns 29,910 shares of the company's stock worth $98,000 after buying an additional 21,964 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Aeva Technologies by 14.2% in the third quarter. Geode Capital Management LLC now owns 611,873 shares of the company's stock valued at $2,013,000 after buying an additional 76,044 shares in the last quarter. PFG Investments LLC acquired a new stake in shares of Aeva Technologies during the 4th quarter valued at $48,000. Finally, Rhumbline Advisers boosted its stake in shares of Aeva Technologies by 13.2% during the 4th quarter. Rhumbline Advisers now owns 53,617 shares of the company's stock worth $255,000 after acquiring an additional 6,238 shares in the last quarter. 62.92% of the stock is owned by institutional investors and hedge funds.

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.