Aeva Technologies (NASDAQ:AEVA) Stock Price Down 5.9% - Should You Sell?

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) shares fell 5.9% on Wednesday . The company traded as low as $26.74 and last traded at $26.98. 783,110 shares changed hands during trading, a decline of 48% from the average session volume of 1,492,876 shares. The stock had previously closed at $28.66.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AEVA. Morgan Stanley lifted their price target 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. Canaccord Genuity Group lifted their price target 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. Roth Capital lifted their price target 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 price objective on Aeva Technologies from $9.00 to $18.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Finally, Wall Street Zen raised Aeva Technologies from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $14.50.

Aeva Technologies Stock Up 6.5%

The stock has a fifty day moving average of $19.70 and a 200-day moving average of $9.94. The firm has a market capitalization of $1.81 billion, a P/E ratio of -11.62 and a beta of 1.95.

Insiders Place Their Bets

In other Aeva Technologies news, CFO Saurabh Sinha sold 10,123 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $31.09, for a total transaction of $314,724.07. Following the completion of the sale, the chief financial officer directly owned 992,949 shares of the company's stock, valued at approximately $30,870,784.41. The trade was a 1.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Hrach Simonian sold 100,000 shares of the business's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $24.86, for a total value of $2,486,000.00. Following the sale, the director directly owned 3,597,039 shares of the company's stock, valued at $89,422,389.54. This represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 970,051 shares of company stock valued at $13,224,093. 27.20% of the stock is owned by corporate insiders.

Institutional Trading of Aeva Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Aeva Technologies by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company's stock worth $96,000 after purchasing an additional 630 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Aeva Technologies by 29.2% during the 1st quarter. AQR Capital Management LLC now owns 20,849 shares of the company's stock worth $146,000 after buying an additional 4,707 shares during the period. Barclays PLC grew its position in shares of Aeva Technologies by 16.3% during 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 period. Jones Financial Companies Lllp grew its position in shares of Aeva Technologies by 27,345.0% during the 1st quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company's stock worth $38,000 after buying an additional 5,469 shares during the period. Finally, Rhumbline Advisers grew its position in shares of Aeva Technologies by 13.2% during 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 period. 62.92% of the stock is owned by institutional investors.

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.