Aeva Technologies (NASDAQ:AEVA) CTO Mina Rezk Sells 64,821 Shares

Aeva Technologies, Inc. (NASDAQ:AEVA) CTO Mina Rezk sold 64,821 shares of the business’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $21.16, for a total value of $1,371,612.36. Following the sale, the chief technology officer directly owned 1,537,527 shares in the company, valued at $32,534,071.32. This trade represents a 4.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 Tuesday, June 16th, Mina Rezk sold 350,000 shares of Aeva Technologies stock. The shares were 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 value of $411,930.56.

Aeva Technologies Trading Down 4.7%

AEVA traded down $1.04 during trading on Friday, reaching $20.99. The company had a trading volume of 1,044,631 shares, compared to its average volume of 2,092,468. The firm’s 50-day simple moving average is $22.65 and its 200 day simple moving average is $17.47. The company has a debt-to-equity ratio of 7.32, a quick ratio of 3.89 and a current ratio of 4.09. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -4.21 and a beta of 2.40. Aeva Technologies, Inc. has a 12-month low of $8.83 and a 12-month high of $33.24.

Aeva Technologies (NASDAQ:AEVA) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.41) EPS for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.12. The firm had revenue of $6.26 million for the quarter. Equities research analysts anticipate that Aeva Technologies, Inc. will post -2.25 earnings per share for the current year.

Hedge Funds Weigh In On Aeva Technologies

Several institutional investors and hedge funds have recently modified their holdings of AEVA. Quantbot Technologies LP increased its stake in shares of Aeva Technologies by 122.8% in the third quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock worth $30,000 after acquiring an additional 1,157 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Aeva Technologies during the fourth quarter valued at $33,000. Jones Financial Companies Lllp grew its stake in Aeva Technologies by 27,345.0% in the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock valued at $38,000 after purchasing an additional 5,469 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Aeva Technologies in the fourth quarter valued at about $47,000. Finally, Daiwa Securities Group Inc. increased its position in Aeva Technologies by 79.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,339 shares of the company’s stock worth $58,000 after purchasing an additional 1,922 shares during the last quarter. 62.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AEVA. Wall Street Zen cut shares of Aeva Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings raised Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Aeva Technologies currently has a consensus rating of “Hold” and a consensus price target of $25.33.

About Aeva Technologies

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.