Aeva Technologies (NASDAQ:AEVA) CTO Sells $2,401,000.00 in Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CTO Mina Rezk sold 100,000 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $24.01, for a total transaction of $2,401,000.00. Following the transaction, the chief technology officer directly owned 1,606,669 shares in the company, valued at $38,576,122.69. The trade was a 5.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, July 27th, Mina Rezk sold 10,304 shares of Aeva Technologies stock. The shares were sold at an average price of $15.40, for a total value of $158,681.60.
• On Wednesday, July 8th, Mina Rezk sold 64,821 shares of Aeva Technologies stock. The shares were sold at an average price of $21.16, for a total value of $1,371,612.36.
• On Tuesday, June 16th, Mina Rezk sold 350,000 shares of Aeva Technologies stock. The stock was sold at an average price of $24.57, for a total value of $8,599,500.00.

Aeva Technologies Stock Performance

Shares of NASDAQ AEVA traded up $1.10 during trading on Wednesday, reaching $25.16. The stock had a trading volume of 1,408,144 shares, compared to its average volume of 1,883,984. Aeva Technologies, Inc. has a one year low of $8.83 and a one year high of $31.30. The company has a debt-to-equity ratio of 3.52, a quick ratio of 7.63 and a current ratio of 7.85. The stock has a market cap of $1.59 billion, a PE ratio of -9.22 and a beta of 2.47. The firm’s 50 day moving average price is $21.41 and its two-hundred day moving average price is $17.88.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Canaccord Genuity Group increased their target price on shares of Aeva Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Morgan Stanley boosted their price objective on shares of Aeva Technologies from $18.50 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Aeva Technologies in a report on Friday, August 7th. Oppenheimer restated an “outperform” rating and issued a $42.00 target price on shares of Aeva Technologies in a research note on Thursday, August 6th. Finally, Wall Street Zen lowered Aeva Technologies from a “sell” rating to a “strong sell” rating in a report on Saturday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $31.67.

Hedge Funds Weigh In On Aeva Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP increased its holdings in shares of Aeva Technologies by 122.8% in the 3rd quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock worth $30,000 after acquiring an additional 1,157 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Aeva Technologies in the 4th quarter worth about $33,000. Jones Financial Companies Lllp grew its position in Aeva Technologies by 27,345.0% in the 1st quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock worth $38,000 after purchasing an additional 5,469 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Aeva Technologies in the fourth quarter valued at approximately $47,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of Aeva Technologies by 79.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,339 shares of the company’s stock valued at $58,000 after purchasing an additional 1,922 shares during the period. Institutional investors and hedge funds own 62.92% of the company’s stock.

About Aeva Technologies

Aeva Technologies, Inc is a technology company specializing in the development and commercialization of advanced sensing and perception solutions based on frequency-modulated continuous wave (FMCW) LiDAR. Headquartered in Mountain View, California, Aeva’s core products include solid-state LiDAR sensors and perception software designed to provide high-resolution, long-range 4D data for automotive, industrial and robotic applications. The company’s FMCW approach enables simultaneous measurement of both object velocity and distance, distinguishing Aeva’s systems from traditional time-of-flight LiDAR solutions.

Founded in 2016 by Soroush Salehian and Mina Rezk, Aeva began as Aeon Imaging before adopting its current name in 2019.