Insider Selling: Aeva Technologies, Inc. (NYSE:AEVA) CTO Sells 7,300 Shares of Stock

Aeva Technologies, Inc. (NYSE:AEVA) CTO Mina Rezk sold 7,300 shares of Aeva Technologies stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $7.50, for a total transaction of $54,750.00. Following the completion of the transaction, the chief technology officer now directly owns 8,689,369 shares in the company, valued at $65,170,267.50. This represents a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, March 10th, Mina Rezk sold 70,000 shares of Aeva Technologies stock. The stock was sold at an average price of $2.79, for a total value of $195,300.00.

Aeva Technologies Stock Down 10.1 %

Shares of NYSE:AEVA opened at $6.57 on Friday. The business has a 50-day moving average price of $4.22 and a 200-day moving average price of $4.12. The stock has a market cap of $359.47 million, a price-to-earnings ratio of -2.13 and a beta of 1.03. Aeva Technologies, Inc. has a 52-week low of $2.20 and a 52-week high of $7.53.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Canaccord Genuity Group began coverage on Aeva Technologies in a research note on Tuesday. They issued a “buy” rating and a $9.50 price target for the company. Oppenheimer lifted their target price on shares of Aeva Technologies from $5.00 to $6.00 and gave the stock an “outperform” rating in a research note on Thursday, March 20th. Finally, Morgan Stanley upped their price target on shares of Aeva Technologies from $4.87 to $5.22 and gave the company an “equal weight” rating in a research note on Friday, March 21st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6.54.

Institutional Trading of Aeva Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its holdings in shares of Aeva Technologies by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 211,452 shares of the company’s stock worth $696,000 after purchasing an additional 8,007 shares during the last quarter. State Street Corp raised its stake in shares of Aeva Technologies by 5.5% during the 3rd quarter. State Street Corp now owns 452,309 shares of the company’s stock valued at $1,488,000 after buying an additional 23,593 shares during the last quarter. Barclays PLC lifted its holdings in shares of Aeva Technologies by 276.4% in the 3rd quarter. Barclays PLC now owns 29,910 shares of the company’s stock valued at $98,000 after buying an additional 21,964 shares during the period. Geode Capital Management LLC boosted its stake in shares of Aeva Technologies by 14.2% in the third quarter. Geode Capital Management LLC now owns 611,873 shares of the company’s stock worth $2,013,000 after buying an additional 76,044 shares during the last quarter. Finally, PFG Investments LLC acquired a new stake in Aeva Technologies during the fourth quarter worth about $48,000. 62.92% of the stock is currently owned by institutional investors and hedge funds.

Aeva Technologies Company Profile

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.