Aeva Technologies (NASDAQ:AEVA) Trading 2.3% Higher - What's Next?

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) shares were up 2.3% on Thursday . The company traded as high as $32.00 and last traded at $31.58. Approximately 1,162,451 shares traded hands during trading, a decline of 23% from the average daily volume of 1,518,715 shares. The stock had previously closed at $30.88.

Analyst Ratings Changes

A number of equities analysts have issued reports on AEVA shares. Roth Capital raised their price objective on shares of Aeva Technologies from $17.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th. Wall Street Zen upgraded Aeva Technologies from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Canaccord Genuity Group lifted their price objective 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. Morgan Stanley upped their price objective on shares of Aeva Technologies from $5.22 to $11.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Aeva Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.50.

Aeva Technologies Price Performance

The company's 50-day simple moving average is $18.68 and its 200-day simple moving average is $9.54. The stock has a market capitalization of $1.81 billion, a P/E ratio of -11.62 and a beta of 1.95.

Insider Buying and Selling

In other news, CTO Mina Rezk sold 250,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $15.70, for a total transaction of $3,925,000.00. Following the transaction, the chief technology officer directly owned 8,046,669 shares of the company's stock, valued at approximately $126,332,703.30. This trade represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Soroush Salehian Dardashti sold 250,000 shares of Aeva Technologies stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $15.70, for a total transaction of $3,925,000.00. Following the completion of the sale, the chief executive officer owned 3,514,808 shares of the company's stock, valued at approximately $55,182,485.60. The trade was a 6.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 959,928 shares of company stock valued at $12,909,369. Insiders own 27.20% of the company's stock.

Institutional Investors Weigh In On Aeva Technologies

Large investors have recently added to or reduced their stakes in the stock. Sylebra Capital LLC grew its holdings in shares of Aeva Technologies by 56.4% during the 1st quarter. Sylebra Capital LLC now owns 16,228,553 shares of the company's stock worth $113,600,000 after purchasing an additional 5,849,249 shares in the last quarter. Jones Financial Companies Lllp raised its position 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 worth $96,000 after acquiring an additional 630 shares during the period. AQR Capital Management LLC increased its stake in Aeva Technologies by 29.2% in the first quarter. AQR Capital Management LLC now owns 20,849 shares of the company's stock valued at $146,000 after acquiring an additional 4,707 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Aeva Technologies by 81.5% during the first quarter. American Century Companies Inc. now owns 46,623 shares of the company's stock valued at $326,000 after purchasing an additional 20,934 shares in the last quarter. Institutional investors and hedge funds own 62.92% of the company's stock.

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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