Insider Selling: Aeva Technologies (NASDAQ:AEVA) CTO Sells $8,599,500.00 in Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CTO Mina Rezk sold 350,000 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $24.57, for a total value of $8,599,500.00. Following the completion of the sale, the chief technology officer owned 1,706,669 shares in the company, valued at approximately $41,932,857.33. The trade was a 17.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, May 5th, Mina Rezk sold 27,389 shares of Aeva Technologies stock. The shares were sold at an average price of $15.04, for a total transaction of $411,930.56.

Aeva Technologies Price Performance

Shares of AEVA opened at $24.39 on Friday. The firm has a fifty day moving average price of $20.17 and a 200-day moving average price of $16.51. The company has a current ratio of 4.09, a quick ratio of 3.89 and a debt-to-equity ratio of 7.32. The firm has a market capitalization of $1.54 billion, a P/E ratio of -4.89 and a beta of 2.41. Aeva Technologies, Inc. has a 12-month low of $8.83 and a 12-month high of $38.80.

Analyst Upgrades and Downgrades

AEVA has been the subject of several research reports. Wall Street Zen cut shares of Aeva Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings raised shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Two 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. Based on data from MarketBeat.com, Aeva Technologies currently has a consensus rating of “Hold” and a consensus price target of $25.33.

Hedge Funds Weigh In On Aeva Technologies

Large investors have recently bought and sold shares of the business. Duquesne Family Office LLC purchased a new stake in shares of Aeva Technologies during the 3rd quarter worth $26,670,000. Millennium Management LLC purchased a new position in Aeva Technologies in the third quarter valued at about $25,751,000. Delta Global Management LP bought a new position in Aeva Technologies in the third quarter worth about $18,139,000. Handelsbanken Fonder AB raised its holdings in Aeva Technologies by 158.3% in the fourth 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, Invesco Ltd. raised its holdings in Aeva Technologies by 1,223.8% in the second quarter. Invesco Ltd. now owns 614,411 shares of the company’s stock worth $23,219,000 after purchasing an additional 567,998 shares in the last quarter. Institutional investors own 62.92% of the company’s stock.

About Aeva Technologies

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.