Aeva Technologies (NASDAQ:AEVA) Stock Price Up 11.5% – What’s Next?

Aeva Technologies, Inc. (NASDAQ:AEVA)’s stock price shot up 11.5% on Monday . The stock traded as high as $13.94 and last traded at $13.83. 889,453 shares were traded during trading, a decline of 79% from the average session volume of 4,222,650 shares. The stock had previously closed at $12.40.

Analyst Upgrades and Downgrades

AEVA has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Aeva Technologies in a report on Monday, December 29th. Canaccord Genuity Group reiterated a “buy” rating and set a $24.00 target price on shares of Aeva Technologies in a report on Thursday, December 4th. Finally, Wall Street Zen downgraded shares of Aeva Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $26.50.

Aeva Technologies Price Performance

The stock has a market capitalization of $765.42 million, a price-to-earnings ratio of -2.39 and a beta of 2.09. The business has a fifty day moving average of $15.16 and a 200-day moving average of $14.87.

Insider Transactions at Aeva Technologies

In related news, CFO Saurabh Sinha sold 60,000 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $20.64, for a total transaction of $1,238,400.00. Following the sale, the chief financial officer directly owned 627,756 shares in the company, valued at $12,956,883.84. This represents a 8.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Mina Rezk sold 321,723 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $12.96, for a total transaction of $4,169,530.08. Following the completion of the transaction, the chief technology officer directly owned 1,534,547 shares of the company’s stock, valued at approximately $19,887,729.12. This represents a 17.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,080,299 shares of company stock worth $15,202,276. Company insiders own 27.20% of the company’s stock.

Institutional Investors Weigh In On Aeva Technologies

Several large investors have recently made changes to their positions in AEVA. Duquesne Family Office LLC acquired a new position in Aeva Technologies in the 3rd quarter valued at $26,670,000. Millennium Management LLC acquired a new stake in shares of Aeva Technologies in the 3rd quarter valued at approximately $25,751,000. Vanguard Group Inc. increased its holdings in shares of Aeva Technologies by 12.5% during the third quarter. Vanguard Group Inc. now owns 1,576,930 shares of the company’s stock worth $22,865,000 after buying an additional 175,482 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in Aeva Technologies by 158.3% in the 4th quarter. Handelsbanken Fonder AB now owns 1,445,409 shares of the company’s stock worth $19,202,000 after purchasing an additional 885,774 shares in the last quarter. Finally, Delta Global Management LP acquired a new stake in Aeva Technologies during the 3rd quarter worth approximately $18,139,000. Institutional investors and hedge funds own 62.92% of the company’s stock.

Aeva Technologies Company Profile

Aeva Technologies, Inc is a technology company specializing in the development and commercialization of advanced sensing and perception solutions based on frequency-modulated continuous wave (FMCW) LiDAR. Headquartered in Mountain View, California, Aeva’s core products include solid-state LiDAR sensors and perception software designed to provide high-resolution, long-range 4D data for automotive, industrial and robotic applications. The company’s FMCW approach enables simultaneous measurement of both object velocity and distance, distinguishing Aeva’s systems from traditional time-of-flight LiDAR solutions.

Founded in 2016 by Soroush Salehian and Mina Rezk, Aeva began as Aeon Imaging before adopting its current name in 2019.