Aeva Technologies, Inc. (NYSE:AEVA) CTO Mina Rezk Sells 88,916 Shares

Aeva Technologies, Inc. (NYSE:AEVA - Get Free Report) CTO Mina Rezk sold 88,916 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $7.61, for a total transaction of $676,650.76. Following the completion of the sale, the chief technology officer now directly owns 8,546,669 shares of the company's stock, valued at $65,040,151.09. The trade was a 1.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, April 10th, Mina Rezk sold 21,012 shares of Aeva Technologies stock. The shares were 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 stock was sold at an average price of $7.50, for a total value 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 value of $195,300.00.

Aeva Technologies Stock Performance

Shares of NYSE AEVA traded down $1.02 during midday trading on Monday, hitting $6.27. The company's stock had a trading volume of 1,207,609 shares, compared to its average volume of 835,522. The firm has a market cap of $343.06 million, a P/E ratio of -2.03 and a beta of 1.03. Aeva Technologies, Inc. has a 1-year low of $2.20 and a 1-year high of $8.12. The firm's fifty day moving average price is $4.93 and its 200-day moving average price is $4.45.

Analyst Upgrades and Downgrades

AEVA has been the subject of a number of research reports. Canaccord Genuity Group assumed coverage on Aeva Technologies in a report on Tuesday, April 1st. They set a "buy" rating and a $9.50 target price for the company. Morgan Stanley boosted their target price 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, Oppenheimer raised their target price on Aeva Technologies from $6.00 to $9.00 and gave the company an "outperform" rating in a research note on Monday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Aeva Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $7.14.

Institutional Investors Weigh In On Aeva Technologies

Several large investors have recently added to or reduced their stakes in AEVA. American Century Companies Inc. grew its position in Aeva Technologies by 34.9% in the 4th quarter. American Century Companies Inc. now owns 25,689 shares of the company's stock worth $122,000 after purchasing an additional 6,640 shares during the last quarter. Rhumbline Advisers raised its stake in Aeva Technologies by 13.2% during 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. Barclays PLC grew its stake 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 purchasing an additional 21,964 shares in the last quarter. Charles Schwab Investment Management Inc. increased 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 valued at $696,000 after purchasing an additional 8,007 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in 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 purchasing an additional 76,044 shares during the period. 62.92% of the stock is 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.