Aeva Technologies (NASDAQ:AEVA) Shares Down 9.8% - What's Next?

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) traded down 9.8% during mid-day trading on Tuesday . The stock traded as low as $29.18 and last traded at $30.31. 2,028,074 shares traded hands during trading, an increase of 32% from the average session volume of 1,540,307 shares. The stock had previously closed at $33.62.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Aeva Technologies from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Oppenheimer upped their price objective on shares of Aeva Technologies from $9.00 to $18.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Roth Capital upped their price objective on shares of Aeva Technologies from $17.00 to $30.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. Morgan Stanley upped their price objective on shares of Aeva Technologies from $5.22 to $11.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Finally, Canaccord Genuity Group upped their price objective on shares of Aeva Technologies from $9.50 to $16.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Aeva Technologies has a consensus rating of "Moderate Buy" and an average price target of $14.50.

Aeva Technologies Stock Down 9.4%

The stock's fifty day moving average price is $21.60 and its 200 day moving average price is $10.68. The stock has a market cap of $1.46 billion, a PE ratio of -9.35 and a beta of 1.95.

Insider Activity at Aeva Technologies

In related news, Director Hrach Simonian sold 100,000 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $24.86, for a total transaction of $2,486,000.00. Following the transaction, the director owned 3,597,039 shares in the company, valued at $89,422,389.54. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Saurabh Sinha sold 22,239 shares of the stock in a transaction that occurred 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 $29,635,776.30. The trade was a 2.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,111,080 shares of company stock worth $18,014,103 in the last three months. 27.20% of the stock is currently owned by company insiders.

Institutional Trading of Aeva Technologies

Several institutional investors and hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of 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 valued at $96,000 after purchasing an additional 630 shares during the period. AQR Capital Management LLC raised 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 valued at $146,000 after purchasing an additional 4,707 shares during the period. Barclays PLC raised 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 valued at $166,000 after purchasing an additional 4,890 shares during the period. Jones Financial Companies Lllp raised 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 valued at $38,000 after purchasing an additional 5,469 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Aeva Technologies by 34.9% during the 4th quarter. American Century Companies Inc. now owns 25,689 shares of the company's stock valued at $122,000 after purchasing an additional 6,640 shares during the period. 62.92% of the stock is currently owned by 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.