Insider Selling: Aeva Technologies (NASDAQ:AEVA) CTO Sells $361,023.52 in Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CTO Mina Rezk sold 26,468 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $13.64, for a total value of $361,023.52. Following the completion of the sale, the chief technology officer owned 1,705,668 shares in the company, valued at $23,265,311.52. The trade was a 1.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, August 11th, Mina Rezk sold 250,000 shares of Aeva Technologies stock. The stock was sold at an average price of $13.48, for a total transaction of $3,370,000.00.

Aeva Technologies Stock Performance

Shares of NASDAQ AEVA opened at $13.06 on Friday. The company’s 50 day moving average price is $15.94 and its 200-day moving average price is $18.08. Aeva Technologies, Inc. has a 52-week low of $2.52 and a 52-week high of $38.80. The company has a market capitalization of $735.67 million, a P/E ratio of -2.45 and a beta of 2.04.

Aeva Technologies (NASDAQ:AEVA) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.46) earnings per share for the quarter. The firm had revenue of $3.58 million for the quarter. Aeva Technologies had a negative return on equity of 753.07% and a negative net margin of 1,031.15%. Analysts forecast that Aeva Technologies, Inc. will post -2.7 earnings per share for the current year.

Institutional Trading of Aeva Technologies

Several hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in Aeva Technologies by 92.2% during the second quarter. GAMMA Investing LLC now owns 865 shares of the company’s stock worth $33,000 after buying an additional 415 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Aeva Technologies during the second quarter valued at about $36,000. Jones Financial Companies Lllp increased its position in shares of Aeva Technologies by 27,345.0% during the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock worth $38,000 after acquiring an additional 5,469 shares in the last quarter. Total Investment Management Inc. acquired a new stake in shares of Aeva Technologies in the 2nd quarter worth about $43,000. Finally, AlphaQuest LLC bought a new position in Aeva Technologies in the 2nd quarter valued at about $51,000. Institutional investors and hedge funds own 62.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AEVA shares. Morgan Stanley lifted their price objective on Aeva Technologies from $11.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. Wall Street Zen cut Aeva Technologies from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aeva Technologies in a report on Wednesday, October 8th. Finally, Oppenheimer boosted their price target on Aeva Technologies from $18.00 to $33.00 and gave the company an “outperform” rating in a research note on Wednesday, July 16th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $24.50.

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.