Mina Rezk Sells 64,787 Shares of Aeva Technologies (NASDAQ:AEVA) Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CTO Mina Rezk sold 64,787 shares of Aeva Technologies stock in a transaction on Friday, January 9th. The stock was sold at an average price of $18.85, for a total value of $1,221,234.95. Following the completion of the sale, the chief technology officer directly owned 1,469,760 shares of the company’s stock, valued at approximately $27,704,976. The trade was a 4.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Friday, January 2nd, Mina Rezk sold 321,723 shares of Aeva Technologies stock. The shares were sold at an average price of $12.96, for a total transaction of $4,169,530.08.
• On Monday, November 10th, Mina Rezk sold 250,000 shares of Aeva Technologies stock. The shares were sold at an average price of $13.45, for a total transaction of $3,362,500.00.
• On Wednesday, November 5th, Mina Rezk sold 26,468 shares of Aeva Technologies stock. The stock was sold at an average price of $13.64, for a total value of $361,023.52.

Aeva Technologies Price Performance

Shares of NASDAQ:AEVA traded up $0.80 during trading on Tuesday, hitting $19.90. 3,080,846 shares of the company’s stock were exchanged, compared to its average volume of 3,262,559. The business’s 50-day simple moving average is $13.38 and its 200 day simple moving average is $16.78. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -3.74 and a beta of 2.08. Aeva Technologies, Inc. has a 52-week low of $2.52 and a 52-week high of $38.80.

Aeva Technologies (NASDAQ:AEVA) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.46) EPS for the quarter. Aeva Technologies had a negative return on equity of 603.21% and a negative net margin of 1,031.15%.The company had revenue of $3.58 million during the quarter. On average, sell-side analysts anticipate that Aeva Technologies, Inc. will post -2.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AEVA shares. Wall Street Zen cut shares of Aeva Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Canaccord Genuity Group restated a “buy” rating and issued a $24.00 target price on shares of Aeva Technologies in a report on Thursday, December 4th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aeva Technologies in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Aeva Technologies presently has an average rating of “Hold” and a consensus price target of $26.50.

Institutional Investors Weigh In On Aeva Technologies

Large investors have recently added to or reduced their stakes in the stock. Duquesne Family Office LLC purchased a new position in shares of Aeva Technologies in the 3rd quarter valued at approximately $26,670,000. Millennium Management LLC purchased a new stake in shares of Aeva Technologies in the 3rd quarter valued at $25,751,000. Delta Global Management LP acquired a new stake in shares of Aeva Technologies in the third quarter worth $18,139,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Aeva Technologies by 1,630.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,105,048 shares of the company’s stock worth $41,760,000 after purchasing an additional 1,041,176 shares during the last quarter. Finally, Invesco Ltd. grew its position in Aeva Technologies by 1,223.8% during the 2nd quarter. Invesco Ltd. now owns 614,411 shares of the company’s stock worth $23,219,000 after purchasing an additional 567,998 shares during the period. 62.92% of the stock is owned by hedge funds and other institutional investors.

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.