Insider Selling: Aeva Technologies, Inc. (NYSE:AEVA) CTO Sells 125,000 Shares of Stock

Aeva Technologies, Inc. (NYSE:AEVA - Get Free Report) CTO Mina Rezk sold 125,000 shares of Aeva Technologies stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $6.34, for a total transaction of $792,500.00. Following the transaction, the chief technology officer now owns 8,421,669 shares of the company's stock, valued at $53,393,381.46. This represents a 1.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, April 15th, Mina Rezk sold 88,916 shares of Aeva Technologies stock. The stock was sold at an average price of $7.61, for a total value of $676,650.76.
• On Thursday, April 10th, Mina Rezk sold 21,012 shares of Aeva Technologies stock. The stock was sold at an average price of $7.51, for a total transaction of $157,800.12.
• On Tuesday, April 1st, Mina Rezk sold 7,300 shares of Aeva Technologies stock. The shares were sold at an average price of $7.50, for a total transaction of $54,750.00.
• 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 transaction of $195,300.00.

Aeva Technologies Price Performance

Shares of NYSE:AEVA traded up $0.75 during trading on Thursday, hitting $7.49. 926,499 shares of the company were exchanged, compared to its average volume of 473,379. Aeva Technologies, Inc. has a 52-week low of $2.20 and a 52-week high of $8.12. The stock has a 50 day moving average of $5.06 and a 200 day moving average of $4.50. The company has a market cap of $409.81 million, a PE ratio of -2.42 and a beta of 1.03.

Analyst Ratings Changes

A number of analysts recently commented on the company. Oppenheimer lifted their price target on Aeva Technologies from $6.00 to $9.00 and gave the stock an "outperform" rating in a report on Monday. Morgan Stanley lifted their price objective on shares of Aeva Technologies from $4.87 to $5.22 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. Finally, Canaccord Genuity Group started coverage on shares of Aeva Technologies in a research note on Tuesday, April 1st. They set a "buy" rating and a $9.50 price target for the company. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $7.14.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp grew its stake in Aeva Technologies by 5.5% during the third quarter. State Street Corp now owns 452,309 shares of the company's stock valued at $1,488,000 after acquiring an additional 23,593 shares in the last quarter. Barclays PLC raised its position in shares of Aeva Technologies by 276.4% in the third quarter. Barclays PLC now owns 29,910 shares of the company's stock worth $98,000 after buying an additional 21,964 shares in the last quarter. Geode Capital Management LLC boosted its stake in Aeva Technologies by 14.2% during the third quarter. Geode Capital Management LLC now owns 611,873 shares of the company's stock valued at $2,013,000 after buying an additional 76,044 shares during the period. PFG Investments LLC bought a new position in Aeva Technologies in the 4th quarter worth about $48,000. Finally, Rhumbline Advisers raised its holdings in shares of Aeva Technologies by 13.2% in the 4th quarter. Rhumbline Advisers now owns 53,617 shares of the company's stock valued at $255,000 after acquiring an additional 6,238 shares in the last quarter. Hedge funds and other institutional investors own 62.92% of the company's stock.

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.