Aeva Technologies (NASDAQ:AEVA) CTO Mina Rezk Sells 27,389 Shares of Stock

Aeva Technologies, Inc. (NASDAQ:AEVAGet Free Report) CTO Mina Rezk sold 27,389 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $15.04, for a total value of $411,930.56. Following the sale, the chief technology officer owned 1,442,371 shares in the company, valued at approximately $21,693,259.84. This represents a 1.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Aeva Technologies Trading Down 17.6%

Shares of Aeva Technologies stock opened at $13.66 on Friday. Aeva Technologies, Inc. has a 12-month low of $8.83 and a 12-month high of $38.80. The business’s 50 day moving average is $14.60 and its 200-day moving average is $14.33. The company has a quick ratio of 4.12, a current ratio of 4.28 and a debt-to-equity ratio of 7.32. The stock has a market cap of $860.31 million, a P/E ratio of -2.74 and a beta of 2.20.

Aeva Technologies News Roundup

Here are the key news stories impacting Aeva Technologies this week:

Wall Street Analysts Forecast Growth

AEVA has been the topic of a number of research analyst reports. Wall Street Zen upgraded Aeva Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Weiss Ratings restated a “sell (e+)” rating on shares of Aeva Technologies in a research note on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.50.

View Our Latest Analysis on Aeva Technologies

Institutional Investors Weigh In On Aeva Technologies

A number of large investors have recently added to or reduced their stakes in AEVA. Quantbot Technologies LP raised its stake in Aeva Technologies by 122.8% in the 3rd quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock valued at $30,000 after acquiring an additional 1,157 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Aeva Technologies in the 4th quarter valued at $33,000. Jones Financial Companies Lllp raised its stake 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 valued at $38,000 after acquiring an additional 5,469 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Aeva Technologies during the 4th quarter worth $47,000. Finally, KLP Kapitalforvaltning AS bought a new position in Aeva Technologies during the 3rd quarter worth $57,000. Institutional investors own 62.92% of the company’s stock.

About Aeva Technologies

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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.

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Insider Buying and Selling by Quarter for Aeva Technologies (NASDAQ:AEVA)

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