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

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) CTO Mina Rezk sold 69,901 shares of the business's 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 sale, the chief technology officer directly owned 1,575,273 shares in the company, valued at $48,108,837.42. This trade represents a 4.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 Trading Down 6.5%

Shares of Aeva Technologies stock traded down $1.90 during trading hours on Friday, reaching $27.31. The stock had a trading volume of 1,068,503 shares, compared to its average volume of 1,580,944. The stock's 50 day moving average is $21.60 and its 200 day moving average is $10.68. The firm has a market capitalization of $1.50 billion, a PE ratio of -9.65 and a beta of 1.95. Aeva Technologies, Inc. has a twelve month low of $2.36 and a twelve month high of $38.80.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Jones Financial Companies Lllp raised its position in shares of Aeva Technologies by 27,345.0% in the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company's stock worth $38,000 after acquiring an additional 5,469 shares during the period. Intech Investment Management LLC acquired a new position in shares of Aeva Technologies in the fourth quarter worth about $52,000. Squarepoint Ops LLC acquired a new position in shares of Aeva Technologies in the fourth quarter worth about $54,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Aeva Technologies during the 4th quarter worth about $63,000. Finally, 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 worth $96,000 after purchasing an additional 630 shares during the last quarter. Institutional investors and hedge funds own 62.92% of the company's stock.

Wall Street Analyst Weigh In

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

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.