Aeva Technologies, Inc. (NYSE:AEVA) CTO Mina Rezk Sells 125,000 Shares

Aeva Technologies, Inc. (NYSE:AEVA) CTO Mina Rezk sold 125,000 shares of the firm’s stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $6.34, for a total transaction of $792,500.00. Following the sale, the chief technology officer now directly owns 8,421,669 shares of the company’s stock, valued at approximately $53,393,381.46. The trade was a 1.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• 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 value 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 value of $157,800.12.
• On Tuesday, April 1st, Mina Rezk sold 7,300 shares of Aeva Technologies stock. The shares were sold at an average price of $7.50, for a total value of $54,750.00.
• On Monday, March 10th, Mina Rezk sold 70,000 shares of Aeva Technologies stock. The stock was sold at an average price of $2.79, for a total transaction of $195,300.00.

Aeva Technologies Stock Down 13.6 %

AEVA stock opened at $6.30 on Tuesday. Aeva Technologies, Inc. has a twelve month low of $2.20 and a twelve month high of $8.12. The company has a market cap of $344.70 million, a P/E ratio of -2.04 and a beta of 1.03. The business’s fifty day moving average is $4.97 and its 200-day moving average is $4.47.

Hedge Funds Weigh In On Aeva Technologies

Hedge funds have recently added to or reduced their stakes in the stock. PFG Investments LLC acquired a new position in shares of Aeva Technologies during the 4th quarter worth about $48,000. Intech Investment Management LLC bought a new stake in Aeva Technologies in the fourth quarter valued at approximately $52,000. Squarepoint Ops LLC acquired a new stake in Aeva Technologies in the fourth quarter worth $54,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Aeva Technologies during the fourth quarter worth $63,000. Finally, Advisory Services Network LLC acquired a new position in shares of Aeva Technologies in the 4th quarter valued at $78,000. Institutional investors and hedge funds own 62.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AEVA shares. Canaccord Genuity Group began coverage on shares of Aeva Technologies in a research note on Tuesday, April 1st. They set a “buy” rating and a $9.50 price target on the stock. Oppenheimer boosted their target price on Aeva Technologies from $6.00 to $9.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Morgan Stanley lifted their price objective on Aeva Technologies from $4.87 to $5.22 and gave the stock an “equal weight” rating in a research report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.14.

Aeva Technologies Company Profile

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.