Aeva Technologies (NASDAQ:AEVA) CTO Mina Rezk Sells 10,304 Shares of Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CTO Mina Rezk sold 10,304 shares of Aeva Technologies stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $15.40, for a total value of $158,681.60. Following the completion of the sale, the chief technology officer owned 1,527,223 shares in the company, valued at approximately $23,519,234.20. This represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 Wednesday, July 8th, Mina Rezk sold 64,821 shares of Aeva Technologies stock. The shares were sold at an average price of $21.16, for a total value of $1,371,612.36.
• On Tuesday, June 16th, Mina Rezk sold 350,000 shares of Aeva Technologies stock. The stock was sold at an average price of $24.57, for a total value of $8,599,500.00.
• On Tuesday, May 5th, Mina Rezk sold 27,389 shares of Aeva Technologies stock. The shares were sold at an average price of $15.04, for a total transaction of $411,930.56.

Aeva Technologies Stock Down 4.8%

Shares of Aeva Technologies stock opened at $13.99 on Thursday. The company has a current ratio of 4.09, a quick ratio of 3.89 and a debt-to-equity ratio of 7.32. The company’s fifty day simple moving average is $22.36 and its two-hundred day simple moving average is $17.71. The company has a market cap of $881.93 million, a P/E ratio of -2.80 and a beta of 2.40. Aeva Technologies, Inc. has a 12-month low of $8.83 and a 12-month high of $31.30.

Aeva Technologies (NASDAQ:AEVA) last posted its earnings results on Wednesday, May 6th. The company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.53) by $0.12. The company had revenue of $6.26 million during the quarter. Research analysts anticipate that Aeva Technologies, Inc. will post -2.26 EPS for the current year.

Institutional Trading of Aeva Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of AEVA. Titan Global Capital Management USA LLC increased its stake in shares of Aeva Technologies by 95.1% in the 1st quarter. Titan Global Capital Management USA LLC now owns 159,743 shares of the company’s stock worth $2,102,000 after acquiring an additional 77,856 shares in the last quarter. Sona Asset Management US LLC bought a new stake in Aeva Technologies during the first quarter worth about $987,000. Walleye Capital LLC bought a new stake in Aeva Technologies during the first quarter worth about $1,401,000. Siren L.L.C. purchased a new stake in Aeva Technologies in the first quarter worth about $1,448,000. Finally, Melqart Asset Management UK Ltd increased its stake in shares of Aeva Technologies by 45.1% during the fourth quarter. Melqart Asset Management UK Ltd now owns 547,436 shares of the company’s stock valued at $7,270,000 after purchasing an additional 170,096 shares in the last quarter. 62.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AEVA has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Wall Street Zen lowered Aeva Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $21.50.

Aeva Technologies Company Profile

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.