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

Aeva Technologies logo with Auto/Tires/Trucks background

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.

Get Our Latest Analysis on AEVA

Aeva Technologies Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Aeva Technologies (NASDAQ:AEVA)

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