Aeva Technologies (NASDAQ:AEVA) CTO Sells 50,000 Shares of Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CTO Mina Rezk sold 50,000 shares of the stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $12.08, for a total value of $604,000.00. Following the sale, the chief technology officer owned 1,556,669 shares of the company’s stock, valued at $18,804,561.52. This represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, November 5th, Mina Rezk sold 28,173 shares of Aeva Technologies stock. The stock was sold at an average price of $8.82, for a total value of $248,485.86.

Aeva Technologies Trading Down 8.1%

Aeva Technologies stock traded down $1.04 during trading hours on Thursday, reaching $11.80. The company had a trading volume of 1,112,895 shares, compared to its average volume of 2,129,053. The company has a debt-to-equity ratio of 2.24, a current ratio of 6.26 and a quick ratio of 7.63. The company has a 50-day moving average price of $12.85 and a 200 day moving average price of $16.61. The firm has a market cap of $824.77 million, a price-to-earnings ratio of -4.29 and a beta of 2.56. Aeva Technologies, Inc. has a 12-month low of $8.26 and a 12-month high of $31.30.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Resona Asset Management Co. Ltd. raised its position in Aeva Technologies by 27.9% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 6,094 shares of the company’s stock valued at $85,000 after purchasing an additional 1,330 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Aeva Technologies by 15.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 13,067 shares of the company’s stock worth $183,000 after buying an additional 1,765 shares during the last quarter. CenterBook Partners LP grew its position in shares of Aeva Technologies by 174.2% in the 3rd quarter. CenterBook Partners LP now owns 481,383 shares of the company’s stock worth $6,759,000 after buying an additional 305,792 shares during the last quarter. Integrity Alliance LLC. bought a new stake in shares of Aeva Technologies in the 3rd quarter worth approximately $205,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Aeva Technologies during the third quarter valued at approximately $378,000. Hedge funds and other institutional investors own 62.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group began coverage on shares of Aeva Technologies in a report on Monday, August 24th. They issued a “neutral” rating and a $20.00 target price on the stock. Oppenheimer reiterated an “outperform” rating and set a $42.00 price target on shares of Aeva Technologies in a report on Thursday, August 6th. Canaccord Genuity Group increased their price target on shares of Aeva Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings raised shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, September 4th. Finally, Morgan Stanley raised their price target 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. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $28.75.

Aeva Technologies Company Profile

Aeva Technologies develops lidar sensing systems and perception software for automotive and other industrial applications. Its technology uses frequency-modulated continuous-wave (FMCW) lidar to measure distance and the speed of objects, supporting applications such as vehicle perception and automation. The company’s offerings include lidar sensors designed for automotive use, including its Atlas system, as well as sensing and perception solutions for industrial customers. Aeva’s products are intended to help machines detect and interpret objects in their surroundings.