Aeva Technologies, Inc. (NYSE:AEVA) CTO Mina Rezk Sells 70,000 Shares of Stock

Aeva Technologies, Inc. (NYSE:AEVA) CTO Mina Rezk sold 70,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $4.12, for a total value of $288,400.00. Following the transaction, the chief technology officer now owns 8,766,669 shares of the company’s stock, valued at approximately $36,118,676.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Aeva Technologies Price Performance

Shares of AEVA stock opened at $3.85 on Thursday. The stock’s fifty day simple moving average is $3.49 and its 200 day simple moving average is $3.21. Aeva Technologies, Inc. has a one year low of $2.20 and a one year high of $7.25. The firm has a market cap of $207.44 million, a price-to-earnings ratio of -1.25 and a beta of 1.37.

Wall Street Analysts Forecast Growth

AEVA has been the topic of several research analyst reports. Craig Hallum raised their price target on shares of Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Westpark Capital reiterated a “hold” rating on shares of Aeva Technologies in a research note on Wednesday, August 7th. Finally, Roth Mkm increased their price objective on shares of Aeva Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $10.53.

Institutional Investors Weigh In On Aeva Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new position in shares of Aeva Technologies in the first quarter valued at about $31,000. Susquehanna Fundamental Investments LLC bought a new position in Aeva Technologies in the 1st quarter worth approximately $58,000. American Century Companies Inc. acquired a new position in shares of Aeva Technologies during the second quarter valued at $38,000. Sei Investments Co. acquired a new stake in shares of Aeva Technologies during the second quarter worth $39,000. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Aeva Technologies in the 2nd quarter valued at approximately $118,000. Institutional investors and hedge funds own 62.92% of the company’s stock.

About Aeva Technologies

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.