Mina Rezk Sells 69,901 Shares of Aeva Technologies, Inc. (NASDAQ:AEVA) Stock

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) CTO Mina Rezk sold 69,901 shares of the company's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $30.54, for a total transaction of $2,134,776.54. Following the completion of the sale, the chief technology officer directly owned 1,575,273 shares of the company's stock, valued at $48,108,837.42. The trade was a 4.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Mina Rezk also recently made the following trade(s):

• On Monday, May 19th, Mina Rezk sold 250,000 shares of Aeva Technologies stock. The shares were sold at an average price of $15.70, for a total transaction of $3,925,000.00.
• On Friday, May 2nd, Mina Rezk sold 86,889 shares of Aeva Technologies stock. The shares were sold at an average price of $7.55, for a total transaction of $656,011.95.
• On Monday, April 28th, Mina Rezk sold 38,111 shares of Aeva Technologies stock. The shares were sold at an average price of $7.62, for a total transaction of $290,405.82.
• On Monday, April 21st, Mina Rezk sold 125,000 shares of Aeva Technologies stock. The shares were sold at an average price of $6.34, for a total transaction of $792,500.00.
• On Tuesday, April 15th, Mina Rezk sold 88,916 shares of Aeva Technologies stock. The shares were sold at an average price of $7.61, for a total transaction of $676,650.76.
• On Thursday, April 10th, Mina Rezk sold 21,012 shares of Aeva Technologies stock. The shares were sold at an average price of $7.51, for a total transaction of $157,800.12.

Aeva Technologies Stock Down 5.5%

Shares of AEVA traded down $1.71 during trading hours on Thursday, reaching $29.21. The company's stock had a trading volume of 2,975,170 shares, compared to its average volume of 1,582,515. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of -10.32 and a beta of 1.95. Aeva Technologies, Inc. has a 1-year low of $2.36 and a 1-year high of $38.80. The company has a 50 day moving average of $21.16 and a two-hundred day moving average of $10.51.

Hedge Funds Weigh In On Aeva Technologies

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

Analyst Upgrades and Downgrades

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

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.