Mina Rezk Sells 21,012 Shares of Aeva Technologies, Inc. (NYSE:AEVA) Stock

Aeva Technologies, Inc. (NYSE:AEVA - Get Free Report) CTO Mina Rezk sold 21,012 shares of the firm's stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $7.51, for a total transaction of $157,800.12. Following the completion of the transaction, the chief technology officer now directly owns 8,668,357 shares of the company's stock, valued at approximately $65,099,361.07. This trade represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, April 15th, Mina Rezk sold 88,916 shares of Aeva Technologies stock. The shares were sold at an average price of $7.61, for a total transaction of $676,650.76.
• 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 value of $54,750.00.
• On Monday, March 10th, Mina Rezk sold 70,000 shares of Aeva Technologies stock. The shares were sold at an average price of $2.79, for a total value of $195,300.00.

Aeva Technologies Stock Up 1.7 %

AEVA traded up $0.12 on Friday, reaching $7.29. 1,131,033 shares of the company traded hands, compared to its average volume of 461,023. The company has a market cap of $398.87 million, a P/E ratio of -2.36 and a beta of 1.03. Aeva Technologies, Inc. has a one year low of $2.20 and a one year high of $8.12. The firm has a fifty day simple moving average of $4.93 and a two-hundred day simple moving average of $4.44.

Institutional Trading of Aeva Technologies

Large investors have recently modified their holdings of the company. Squarepoint Ops LLC bought a new stake in Aeva Technologies during the 4th quarter valued at $54,000. Two Sigma Advisers LP raised its holdings in shares of Aeva Technologies by 307.9% in the fourth quarter. Two Sigma Advisers LP now owns 48,700 shares of the company's stock valued at $231,000 after acquiring an additional 36,760 shares in the last quarter. Two Sigma Investments LP lifted its stake in Aeva Technologies by 308.6% in the fourth quarter. Two Sigma Investments LP now owns 74,288 shares of the company's stock worth $353,000 after acquiring an additional 56,107 shares during the period. Parkwood LLC grew its holdings in Aeva Technologies by 415.7% during the 4th quarter. Parkwood LLC now owns 1,426,627 shares of the company's stock worth $6,776,000 after acquiring an additional 1,150,000 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in Aeva Technologies during the 4th quarter valued at about $174,000. Hedge funds and other institutional investors own 62.92% of the company's stock.

Wall Street Analyst Weigh In

AEVA has been the subject of several recent analyst reports. Oppenheimer lifted their price objective 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. Canaccord Genuity Group started coverage on shares of Aeva Technologies in a report on Tuesday, April 1st. They set a "buy" rating and a $9.50 price target on the stock. Finally, Morgan Stanley increased 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $6.54.

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.