Aeva Technologies (NASDAQ:AEVA) CTO Mina Rezk Sells 100,000 Shares of Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CTO Mina Rezk sold 100,000 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $24.01, for a total transaction of $2,401,000.00. Following the completion of the sale, the chief technology officer directly owned 1,606,669 shares in the company, valued at $38,576,122.69. This represents a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, July 27th, Mina Rezk sold 10,304 shares of Aeva Technologies stock. The shares were sold at an average price of $15.40, for a total transaction of $158,681.60.
• On Wednesday, July 8th, Mina Rezk sold 64,821 shares of Aeva Technologies stock. The stock was sold at an average price of $21.16, for a total transaction of $1,371,612.36.
• On Tuesday, June 16th, Mina Rezk sold 350,000 shares of Aeva Technologies stock. The stock was sold at an average price of $24.57, for a total transaction of $8,599,500.00.

Aeva Technologies Price Performance

Shares of AEVA opened at $25.16 on Thursday. Aeva Technologies, Inc. has a fifty-two week low of $8.83 and a fifty-two week high of $31.30. The firm’s 50-day simple moving average is $21.41 and its two-hundred day simple moving average is $17.88. The stock has a market cap of $1.59 billion, a PE ratio of -9.22 and a beta of 2.47. The company has a debt-to-equity ratio of 3.52, a quick ratio of 7.63 and a current ratio of 7.85.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in Aeva Technologies in the second quarter worth approximately $36,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Aeva Technologies in the fourth quarter worth about $33,000. Daiwa Securities Group Inc. bought a new stake in Aeva Technologies during the 2nd quarter worth approximately $100,000. Caitong International Asset Management Co. Ltd bought a new stake in Aeva Technologies during the 4th quarter worth approximately $47,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Aeva Technologies by 127.9% during the second quarter. Tower Research Capital LLC TRC now owns 4,311 shares of the company’s stock valued at $163,000 after purchasing an additional 2,419 shares in the last quarter. Institutional investors own 62.92% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Oppenheimer restated an “outperform” rating and issued a $42.00 price target on shares of Aeva Technologies in a research note on Thursday, August 6th. Wall Street Zen cut Aeva Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Morgan Stanley boosted their target price on Aeva Technologies from $18.50 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Canaccord Genuity Group increased their target price on Aeva Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Aeva Technologies in a report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $31.67.

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.