Aeva Technologies (NASDAQ:AEVA) Stock Price Down 5.4% - Should You Sell?

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) fell 5.4% during mid-day trading on Thursday . The stock traded as low as $19.34 and last traded at $19.42. 1,114,564 shares traded hands during trading, a decline of 10% from the average session volume of 1,244,697 shares. The stock had previously closed at $20.53.

Analyst Upgrades and Downgrades

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

Aeva Technologies Stock Performance

The company has a market capitalization of $1.15 billion, a P/E ratio of -6.76 and a beta of 1.66. The firm's fifty day moving average is $11.17 and its 200 day moving average is $6.64.

Insider Transactions at Aeva Technologies

In related news, CEO Soroush Salehian Dardashti sold 200,000 shares of Aeva Technologies stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $5.36, for a total transaction of $1,072,000.00. Following the completion of the sale, the chief executive officer now owns 3,764,808 shares in the company, valued at $20,179,370.88. This trade represents a 5.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Mina Rezk sold 70,000 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $2.79, for a total transaction of $195,300.00. Following the completion of the sale, the chief technology officer now directly owns 8,696,669 shares of the company's stock, valued at approximately $24,263,706.51. This trade represents a 0.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 4,213,506 shares of company stock worth $24,985,345 and have sold 1,137,228 shares worth $11,745,419. Company insiders own 27.20% of the company's stock.

Hedge Funds Weigh In On Aeva Technologies

A number of institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp boosted its holdings in shares of Aeva Technologies by 27,345.0% in the first 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. Intech Investment Management LLC purchased a new position in Aeva Technologies during the 4th quarter worth $52,000. Squarepoint Ops LLC bought a new stake in Aeva Technologies during the 4th quarter valued at $54,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Aeva Technologies in the 4th quarter worth $63,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Aeva Technologies in the 4th quarter worth $78,000. 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.