Aeva Technologies (NASDAQ:AEVA) CTO Sells $248,485.86 in Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CTO Mina Rezk sold 28,173 shares of the stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $8.82, for a total transaction of $248,485.86. Following the transaction, the chief technology officer directly owned 1,499,060 shares in the company, valued at $13,221,709.20. The trade was a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, August 10th, Mina Rezk sold 100,000 shares of Aeva Technologies stock. The shares were sold at an average price of $24.01, for a total value of $2,401,000.00.

Aeva Technologies Price Performance

Shares of NASDAQ:AEVA opened at $11.00 on Monday. Aeva Technologies, Inc. has a fifty-two week low of $8.26 and a fifty-two week high of $31.30. The business has a 50-day moving average of $13.03 and a two-hundred day moving average of $16.69. The stock has a market capitalization of $693.45 million, a P/E ratio of -4.00 and a beta of 2.56. The company has a debt-to-equity ratio of 3.52, a current ratio of 7.85 and a quick ratio of 7.63.

Wall Street Analysts Forecast Growth

AEVA has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on Aeva Technologies in a research note on Monday, August 24th. They issued a “neutral” rating and a $20.00 price objective on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $42.00 target price on shares of Aeva Technologies in a research report on Thursday, August 6th. Weiss Ratings raised Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, September 4th. Morgan Stanley increased their price target on Aeva Technologies from $18.50 to $27.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Finally, Canaccord Genuity Group lifted their price target on shares of Aeva Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $28.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Brooklands Fund Management Ltd acquired a new position in shares of Aeva Technologies during the 3rd quarter worth about $23,158,000. CenterBook Partners LP boosted its stake in Aeva Technologies by 174.2% during the 3rd quarter. CenterBook Partners LP now owns 481,383 shares of the company’s stock valued at $6,759,000 after purchasing an additional 305,792 shares during the period. Siren L.L.C. acquired a new stake in Aeva Technologies in the 1st quarter valued at approximately $1,448,000. Walleye Capital LLC acquired a new stake in Aeva Technologies in the 1st quarter valued at approximately $1,401,000. Finally, Bank of New York Mellon Corp acquired a new stake in Aeva Technologies in the 2nd quarter valued at approximately $2,382,000. Institutional investors and hedge funds own 62.92% of the company’s stock.

Aeva Technologies Company Profile

Aeva Technologies, Inc develops sensing and perception systems designed to help machines understand their surroundings. The company’s core technology is a 4D lidar platform that uses frequency-modulated continuous-wave (FMCW) sensing to measure an object’s location, depth, and velocity, supporting applications that require real-time environmental awareness.

Its products include lidar sensors and related perception software for the automotive, industrial, robotics, mapping, and other machine-perception markets.