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Insider Selling: Aeva Technologies, Inc. (NASDAQ:AEVA) CTO Sells 69,901 Shares of Stock

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 dated 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, May 19th, Mina Rezk sold 250,000 shares of Aeva Technologies stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $7.51, for a total transaction of $157,800.12.

Aeva Technologies Trading Down 10.6%

Shares of NASDAQ AEVA traded down $3.11 during midday trading on Friday, reaching $26.10. The company's stock had a trading volume of 2,834,876 shares, compared to its average volume of 3,165,491. The company has a 50 day moving average price of $21.97 and a 200 day moving average price of $10.83. Aeva Technologies, Inc. has a one year low of $2.36 and a one year high of $38.80. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -9.22 and a beta of 1.95.

Institutional Trading of Aeva Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp lifted 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 acquiring an additional 5,469 shares in the last quarter. Intech Investment Management LLC acquired a new position in Aeva Technologies in the 4th quarter worth approximately $52,000. Squarepoint Ops LLC acquired a new position in Aeva Technologies in the 4th quarter worth approximately $54,000. Susquehanna Fundamental Investments LLC acquired a new position in Aeva Technologies in the 4th quarter worth approximately $63,000. Finally, Advisory Services Network LLC acquired a new position in Aeva Technologies in the 4th quarter worth approximately $78,000. 62.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on AEVA. Wall Street Zen upgraded shares of Aeva Technologies from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. Morgan Stanley boosted their price target 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. Oppenheimer boosted their price target on shares of Aeva Technologies from $9.00 to $18.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Canaccord Genuity Group boosted 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. Finally, Roth Capital boosted their target price on shares of Aeva Technologies from $17.00 to $30.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $14.50.

Read Our Latest Research Report on AEVA

About Aeva Technologies

(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.

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