Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $25.48 and last traded at $25.13, with a volume of 389167 shares trading hands. The stock had previously closed at $23.06.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the stock. Oppenheimer raised their price objective on shares of Aeva Technologies from $9.00 to $18.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Wall Street Zen upgraded Aeva Technologies from a "sell" rating to a "hold" rating in a research report on Saturday. Morgan Stanley upped their target price on shares of Aeva Technologies from $5.22 to $11.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Roth Capital lifted their price target on shares of Aeva Technologies from $6.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, Canaccord Genuity Group upped their price objective on shares of Aeva Technologies from $9.50 to $16.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Aeva Technologies has a consensus rating of "Moderate Buy" and an average price target of $12.33.
Read Our Latest Analysis on Aeva Technologies
Aeva Technologies Price Performance
The firm has a 50-day simple moving average of $12.79 and a 200 day simple moving average of $7.32. The company has a market capitalization of $1.36 billion, a PE ratio of -8.01 and a beta of 1.66.
Insider Buying and Selling at Aeva Technologies
In other news, CTO Mina Rezk sold 7,300 shares of Aeva Technologies stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $7.50, for a total value of $54,750.00. Following the completion of the transaction, the chief technology officer now directly owns 8,689,369 shares of the company's stock, valued at approximately $65,170,267.50. The trade was a 0.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Sylebra Capital Llc purchased 821,610 shares of the company's stock in a transaction dated Wednesday, March 26th. The shares were bought at an average price of $5.48 per share, for a total transaction of $4,502,422.80. Following the completion of the transaction, the insider now directly owns 12,669,326 shares in the company, valued at approximately $69,427,906.48. This trade represents a 6.93% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 4,213,506 shares of company stock worth $24,985,345 and sold 1,067,228 shares worth $11,550,119. 27.20% of the stock is owned by insiders.
Institutional Investors Weigh In On Aeva Technologies
Several large investors have recently made changes to their positions in AEVA. Deutsche Bank AG grew its holdings in Aeva Technologies by 510.8% in the 4th quarter. Deutsche Bank AG now owns 45,039 shares of the company's stock worth $214,000 after buying an additional 37,665 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Aeva Technologies during the fourth quarter valued at $174,000. Two Sigma Investments LP increased its holdings in shares of Aeva Technologies by 308.6% during the fourth quarter. Two Sigma Investments LP now owns 74,288 shares of the company's stock valued at $353,000 after purchasing an additional 56,107 shares during the period. Jane Street Group LLC raised its stake in shares of Aeva Technologies by 2,490.3% during the fourth 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 in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Aeva Technologies by 170.0% in the fourth quarter. Bank of America Corp DE now owns 48,255 shares of the company's stock worth $229,000 after purchasing an additional 30,380 shares during the period. Institutional investors and hedge funds own 62.92% of the company's stock.
About Aeva Technologies
(
Get Free Report)
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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