Aeva Technologies (NASDAQ:AEVA) Stock Price Up 2.5% - Here's What Happened

Key Points

• The stock price of Aeva Technologies (NASDAQ:AEVA) increased by 2.5%, closing at $22.03 with a trading volume decline of 62% from its average.
• Several analysts provided contrasting ratings, with Wall Street Zen downgrading the stock to a "sell," while Canaccord Genuity and Oppenheimer set higher target prices and issued "buy" ratings.
• Insider trading activity revealed significant share sales by company executives, with a total of 859,053 shares sold worth over $16 million in the past three months.

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) traded up 2.5% during trading on Monday . The stock traded as high as $22.33 and last traded at $22.03. 636,341 shares were traded during trading, a decline of 62% from the average session volume of 1,663,275 shares. The stock had previously closed at $21.49.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AEVA. Wall Street Zen downgraded shares of Aeva Technologies from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Canaccord Genuity Group lifted their target price on shares of Aeva Technologies from $9.50 to $16.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Oppenheimer increased their price objective on Aeva Technologies from $18.00 to $33.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Roth Capital upped their target price on Aeva Technologies from $17.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Finally, Morgan Stanley upped their target price on Aeva Technologies from $5.22 to $11.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $17.00.

Aeva Technologies Stock Up 1.8%

The company has a fifty day simple moving average of $24.81 and a two-hundred day simple moving average of $12.44. The stock has a market capitalization of $1.20 billion, a P/E ratio of -7.73 and a beta of 1.95.

Insider Buying and Selling

In other Aeva Technologies news, Director Hrach Simonian sold 100,000 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was 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 of the company's stock, valued at $89,422,389.54. The trade was a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Soroush Salehian Dardashti sold 69,901 shares of the company's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $30.53, for a total value of $2,134,077.53. Following the completion of the transaction, the chief executive officer directly owned 1,897,862 shares in the company, valued at $57,941,726.86. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 859,053 shares of company stock worth $16,254,547 in the last three months. Insiders own 27.20% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AEVA. GAMMA Investing LLC increased its holdings in Aeva Technologies by 92.2% in the second quarter. GAMMA Investing LLC now owns 865 shares of the company's stock valued at $33,000 after purchasing an additional 415 shares during the period. Jones Financial Companies Lllp grew its stake 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 buying an additional 5,469 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Aeva Technologies in the 4th quarter valued at about $54,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Aeva Technologies in the 4th quarter valued at about $63,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Aeva Technologies in the 4th quarter valued at about $78,000. 62.92% of the stock is currently owned by institutional investors and hedge funds.

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.

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