Aeva Technologies (NASDAQ:AEVA) Shares Down 3.8% - What's Next?

Shares of Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) traded down 3.8% during trading on Thursday . The stock traded as low as $16.36 and last traded at $16.59. 430,984 shares changed hands during trading, a decline of 64% from the average session volume of 1,208,928 shares. The stock had previously closed at $17.25.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Canaccord Genuity Group raised their price objective on shares of Aeva Technologies from $9.50 to $16.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Morgan Stanley lifted their price target on shares of Aeva Technologies from $5.22 to $11.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Oppenheimer lifted their price target on shares of Aeva Technologies from $9.00 to $18.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Finally, Roth Capital lifted their price target on shares of Aeva Technologies from $6.00 to $17.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Aeva Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $12.33.

Aeva Technologies Trading Up 3.5%

The stock has a market capitalization of $986.01 million, a PE ratio of -5.80 and a beta of 1.07. The stock's fifty day simple moving average is $9.89 and its 200-day simple moving average is $6.10.

Insiders Place Their Bets

In related news, CEO Soroush Salehian Dardashti sold 250,000 shares of the business'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 transaction, the chief executive officer now directly owns 3,514,808 shares of the company's stock, valued at approximately $55,182,485.60. The trade was a 6.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Sylebra Capital Llc purchased 990,411 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was bought 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 directly owns 11,369,715 shares in the company, valued at $49,571,957.40. The trade was a 9.54% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 4,213,506 shares of company stock valued at $24,985,345 and have sold 1,137,228 shares valued at $11,745,419. Insiders own 27.20% of the company's stock.

Hedge Funds Weigh In On Aeva Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC boosted its holdings 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 worth $3,082,000 after buying an additional 623,889 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Aeva Technologies by 34.9% in the 4th quarter. American Century Companies Inc. now owns 25,689 shares of the company's stock worth $122,000 after buying an additional 6,640 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Aeva Technologies by 13.2% in the 4th quarter. Rhumbline Advisers now owns 53,617 shares of the company's stock worth $255,000 after buying an additional 6,238 shares during the last quarter. Barclays PLC boosted 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 worth $166,000 after buying an additional 4,890 shares during the last quarter. Finally, Parkwood LLC boosted its holdings 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 worth $6,776,000 after buying an additional 1,150,000 shares during the last quarter. 62.92% of the stock is owned by hedge funds and other institutional investors.

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.