Insider Selling: Aeva Technologies (NASDAQ:AEVA) CTO Sells $248,485.86 in Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CTO Mina Rezk sold 28,173 shares of the business’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $8.82, for a total value of $248,485.86. Following the completion of the sale, the chief technology officer directly owned 1,499,060 shares in the company, valued at approximately $13,221,709.20. This represents a 1.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, August 10th, Mina Rezk sold 100,000 shares of Aeva Technologies stock. The shares were sold at an average price of $24.01, for a total value of $2,401,000.00.

Aeva Technologies Price Performance

Aeva Technologies stock traded up $1.81 during mid-day trading on Friday, hitting $11.00. 3,094,172 shares of the company were exchanged, compared to its average volume of 1,709,326. The company has a quick ratio of 7.63, a current ratio of 7.85 and a debt-to-equity ratio of 3.52. The business has a fifty day moving average of $13.03 and a 200 day moving average of $16.69. Aeva Technologies, Inc. has a 1-year low of $8.26 and a 1-year high of $31.30. The company has a market capitalization of $693.44 million, a PE ratio of -4.00 and a beta of 2.56.

Analyst Ratings Changes

Several research firms have recently weighed in on AEVA. Morgan Stanley upped their target price on shares of Aeva Technologies from $18.50 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Canaccord Genuity Group lifted their price target on shares of Aeva Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Oppenheimer reissued an “outperform” rating and set a $42.00 price target on shares of Aeva Technologies in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, September 4th. Finally, The Goldman Sachs Group began coverage on shares of Aeva Technologies in a research note on Monday, August 24th. They set a “neutral” rating and a $20.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $28.75.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. increased its stake in shares of Aeva Technologies by 19.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 7,159 shares of the company’s stock valued at $95,000 after buying an additional 1,159 shares during the period. Russell Investments Group Ltd. raised its position in shares of Aeva Technologies by 15.6% during the third quarter. Russell Investments Group Ltd. now owns 13,067 shares of the company’s stock worth $183,000 after acquiring an additional 1,765 shares during the last quarter. Integrity Alliance LLC. acquired a new position in shares of Aeva Technologies during the third quarter valued at $205,000. Next Capital Management LLC acquired a new position in shares of Aeva Technologies during the second quarter valued at $211,000. Finally, Quantinno Capital Management LP boosted its holdings in Aeva Technologies by 15.4% in the first quarter. Quantinno Capital Management LP now owns 24,141 shares of the company’s stock valued at $318,000 after acquiring an additional 3,218 shares during the last quarter. 62.92% of the stock is currently owned by institutional investors.

About Aeva Technologies

Aeva Technologies, Inc develops sensing and perception systems designed to help machines understand their surroundings. The company’s core technology is a 4D lidar platform that uses frequency-modulated continuous-wave (FMCW) sensing to measure an object’s location, depth, and velocity, supporting applications that require real-time environmental awareness.

Its products include lidar sensors and related perception software for the automotive, industrial, robotics, mapping, and other machine-perception markets.