Aeva Technologies (NASDAQ:AEVA) Stock Price Up 3% - What's Next?

Shares of Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) shot up 3% on Tuesday . The stock traded as high as $28.30 and last traded at $27.56. 703,664 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 1,590,140 shares. The stock had previously closed at $26.77.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AEVA. Roth Capital boosted their price objective on shares of Aeva Technologies from $17.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Morgan Stanley boosted their price objective on shares of Aeva Technologies from $5.22 to $11.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Wall Street Zen raised shares of Aeva Technologies from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Oppenheimer lifted their target price on shares of Aeva Technologies from $18.00 to $33.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Canaccord Genuity Group lifted their target price 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's stock. According to MarketBeat, Aeva Technologies currently has an average rating of "Moderate Buy" and an average target price of $17.00.

Aeva Technologies Stock Up 11.3%

The company's fifty day moving average price is $23.06 and its 200 day moving average price is $11.29. The company has a market capitalization of $1.69 billion, a P/E ratio of -10.84 and a beta of 1.95.

Insider Activity at Aeva Technologies

In other news, CTO Mina Rezk sold 69,901 shares of Aeva Technologies stock in a transaction on Monday, July 7th. The shares were sold at an average price of $30.54, for a total transaction of $2,134,776.54. Following the transaction, the chief technology officer owned 1,575,273 shares in the company, valued at approximately $48,108,837.42. The trade was a 4.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Soroush Salehian Dardashti sold 69,901 shares of Aeva Technologies stock in a transaction on Monday, July 7th. The stock was sold at an average price of $30.53, for a total transaction of $2,134,077.53. Following the transaction, the chief executive officer owned 1,897,862 shares in the company, valued at approximately $57,941,726.86. This trade represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,022,164 shares of company stock worth $17,337,453. Corporate insiders own 27.20% of the company's stock.

Hedge Funds Weigh In On Aeva Technologies

Institutional investors have recently made changes to their positions in the stock. Sylebra Capital LLC grew its stake in Aeva Technologies by 56.4% in the first quarter. Sylebra Capital LLC now owns 16,228,553 shares of the company's stock valued at $113,600,000 after acquiring an additional 5,849,249 shares during the period. Parkwood LLC increased its position in shares of Aeva Technologies by 415.7% during the fourth quarter. Parkwood LLC now owns 1,426,627 shares of the company's stock worth $6,776,000 after acquiring an additional 1,150,000 shares in the last quarter. Jane Street Group LLC increased its position in shares of Aeva Technologies by 2,490.3% during the fourth quarter. Jane Street Group LLC now owns 648,942 shares of the company's stock worth $3,082,000 after acquiring an additional 623,889 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Aeva Technologies by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 621,191 shares of the company's stock worth $2,951,000 after acquiring an additional 9,318 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Aeva Technologies by 14.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 242,376 shares of the company's stock worth $1,151,000 after acquiring an additional 30,924 shares in the last quarter. Institutional investors and hedge funds own 62.92% of the company's stock.

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.