Aeva Technologies (NASDAQ:AEVA) CTO Mina Rezk Sells 28,173 Shares of Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CTO Mina Rezk sold 28,173 shares of the 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 sale, the chief technology officer owned 1,499,060 shares in the company, valued at $13,221,709.20. The trade was a 1.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 stock was sold at an average price of $24.01, for a total transaction of $2,401,000.00.

Aeva Technologies Trading Up 19.7%

AEVA stock traded up $1.81 during mid-day trading on Friday, reaching $11.00. 3,094,172 shares of the stock traded hands, compared to its average volume of 1,709,326. Aeva Technologies, Inc. has a one year low of $8.26 and a one year high of $31.30. The stock has a market capitalization of $693.44 million, a PE ratio of -4.00 and a beta of 2.56. 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 business has a 50-day moving average price of $13.03 and a two-hundred day moving average price of $16.69.

Wall Street Analyst Weigh In

Several analysts have issued reports on AEVA shares. Canaccord Genuity Group raised their price objective on shares of Aeva Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Wall Street Zen downgraded Aeva Technologies from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th. Weiss Ratings upgraded Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, September 4th. Morgan Stanley boosted their price objective on Aeva Technologies from $18.50 to $27.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Finally, The Goldman Sachs Group started coverage on Aeva Technologies in a research note on Monday, August 24th. They issued a “neutral” rating and a $20.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $28.75.

Institutional Trading of Aeva Technologies

A number of large investors have recently modified their holdings of the company. Brooklands Fund Management Ltd purchased a new position in Aeva Technologies during the 3rd quarter worth $23,158,000. CenterBook Partners LP increased its stake in shares of Aeva Technologies by 174.2% during the third quarter. CenterBook Partners LP now owns 481,383 shares of the company’s stock valued at $6,759,000 after buying an additional 305,792 shares during the period. Siren L.L.C. purchased a new position in shares of Aeva Technologies during the first quarter valued at $1,448,000. Walleye Capital LLC bought a new stake in shares of Aeva Technologies in the first quarter valued at about $1,401,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Aeva Technologies in the second quarter valued at about $2,382,000. Hedge funds and other institutional investors own 62.92% of the company’s stock.

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.