Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) was up 7% on Wednesday . The company traded as high as $23.81 and last traded at $23.81. Approximately 696,397 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 1,252,654 shares. The stock had previously closed at $22.26.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on AEVA shares. Oppenheimer upped their target price 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. Roth Capital upped their target price on shares of Aeva Technologies from $6.00 to $17.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Morgan Stanley upped their target price on shares of Aeva Technologies from $5.22 to $11.00 and gave the stock an "equal weight" rating in a research note 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 stock a "buy" rating in a research note on Thursday, May 15th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Aeva Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $12.33.
View Our Latest Report on Aeva Technologies
Aeva Technologies Stock Performance
The firm's 50-day simple moving average is $12.79 and its 200 day simple moving average is $7.28. The stock has a market capitalization of $1.27 billion, a P/E ratio of -7.46 and a beta of 1.66.
Insiders Place Their Bets
In other news, CTO Mina Rezk sold 7,300 shares of the company's 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 sale, the chief technology officer now directly owns 8,689,369 shares of the company's stock, valued at approximately $65,170,267.50. This represents a 0.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Sylebra Capital Llc bought 990,411 shares of the company's stock in a transaction dated Monday, March 24th. The stock was purchased at an average cost of $4.36 per share, for a total transaction of $4,318,191.96. Following the completion of the acquisition, the insider now owns 11,369,715 shares in the company, valued at $49,571,957.40. This trade represents a 9.54% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 4,213,506 shares of company stock valued at $24,985,345 and have sold 1,067,228 shares valued at $11,550,119. Insiders own 27.20% of the company's stock.
Institutional Investors Weigh In On Aeva Technologies
A number of institutional investors and hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Aeva Technologies by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company's stock valued at $96,000 after purchasing an additional 630 shares during the period. AQR Capital Management LLC raised its holdings in shares of Aeva Technologies by 29.2% in the 1st quarter. AQR Capital Management LLC now owns 20,849 shares of the company's stock valued at $146,000 after purchasing an additional 4,707 shares during the period. Barclays PLC raised its holdings in shares of Aeva Technologies by 16.3% in the 4th quarter. Barclays PLC now owns 34,800 shares of the company's stock valued at $166,000 after purchasing an additional 4,890 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Aeva Technologies by 27,345.0% in the 1st quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company's stock valued at $38,000 after purchasing an additional 5,469 shares during the period. Finally, Rhumbline Advisers grew its stake in Aeva Technologies by 13.2% in the 4th quarter. Rhumbline Advisers now owns 53,617 shares of the company's stock valued at $255,000 after buying an additional 6,238 shares during the last quarter. 62.92% of the stock is owned by institutional investors.
Aeva Technologies Company Profile
(
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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