Aeva Technologies, Inc. (NYSE:AEVA) CTO Mina Rezk Sells 7,300 Shares

Aeva Technologies, Inc. (NYSE:AEVA - Get Free Report) CTO Mina Rezk sold 7,300 shares of the firm's stock in a transaction that occurred 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 sale, the chief technology officer now owns 8,689,369 shares of the company's stock, valued at $65,170,267.50. This trade represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 2.0 %

AEVA traded down $0.13 during trading on Tuesday, reaching $6.21. 570,429 shares of the stock traded hands, compared to its average volume of 429,128. The stock's 50-day moving average is $4.27 and its 200 day moving average is $4.16. Aeva Technologies, Inc. has a 12 month low of $2.20 and a 12 month high of $7.53. The stock has a market capitalization of $339.99 million, a PE ratio of -2.00 and a beta of 1.03.

Hedge Funds Weigh In On Aeva Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its stake in 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 acquiring an additional 8,007 shares in the last quarter. State Street Corp raised its stake in Aeva Technologies by 5.5% during the 3rd quarter. State Street Corp now owns 452,309 shares of the company's stock worth $1,488,000 after buying an additional 23,593 shares during the period. Barclays PLC grew its stake in Aeva Technologies by 276.4% in the third quarter. Barclays PLC now owns 29,910 shares of the company's stock valued at $98,000 after acquiring an additional 21,964 shares during the period. Geode Capital Management LLC raised its position in shares of Aeva Technologies by 14.2% during 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. Finally, PFG Investments LLC acquired a new stake in Aeva Technologies in the 4th quarter valued at $48,000. 62.92% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AEVA shares. Morgan Stanley lifted their price objective 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. Canaccord Genuity Group assumed coverage on Aeva Technologies in a research report on Tuesday, April 1st. They set a "buy" rating and a $9.50 price objective on the stock. Finally, 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 report on Thursday, March 20th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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.