Aeva Technologies (NASDAQ:AEVA) Stock Price Down 4% - Should You Sell?

Shares of Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) fell 4% on Tuesday . The stock traded as low as $24.68 and last traded at $25.50. 1,011,349 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 1,647,778 shares. The stock had previously closed at $26.57.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AEVA. Wall Street Zen lowered Aeva Technologies from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Roth Capital raised their target price on shares of Aeva Technologies from $17.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Oppenheimer lifted their target price on shares of Aeva Technologies from $18.00 to $33.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Morgan Stanley lifted their price objective on shares of Aeva Technologies from $5.22 to $11.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Finally, Canaccord Genuity Group upped their target price on shares of Aeva Technologies from $9.50 to $16.00 and gave the company a "buy" rating in a report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Aeva Technologies has an average rating of "Moderate Buy" and an average price target of $17.00.

Aeva Technologies Stock Performance

The business's 50-day moving average is $24.62 and its two-hundred day moving average is $12.09. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -8.44 and a beta of 1.95.

Insiders Place Their Bets

In other news, CFO Saurabh Sinha sold 22,239 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $30.53, for a total transaction of $678,956.67. Following the completion of the transaction, the chief financial officer owned 970,710 shares in the company, valued at approximately $29,635,776.30. This represents a 2.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Mina Rezk sold 250,000 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $15.70, for a total value of $3,925,000.00. Following the sale, the chief technology officer owned 8,046,669 shares in the company, valued at $126,332,703.30. The trade was a 3.01% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 897,164 shares of company stock worth $16,544,953. Insiders own 27.20% of the company's stock.

Institutional Investors Weigh In On Aeva Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in AEVA. GAMMA Investing LLC boosted its holdings in Aeva Technologies by 92.2% during the 2nd quarter. GAMMA Investing LLC now owns 865 shares of the company's stock valued at $33,000 after acquiring an additional 415 shares during the period. Jones Financial Companies Lllp boosted its position in 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 shares of Aeva Technologies during the fourth quarter valued at approximately $52,000. Squarepoint Ops LLC acquired a new stake in shares of Aeva Technologies in the fourth quarter valued at approximately $54,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Aeva Technologies during the fourth quarter worth $63,000. Hedge funds and other institutional investors own 62.92% of the company's stock.

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.