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

Aeva Technologies, Inc. (NYSE:AEVA) CTO Mina Rezk sold 70,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $2.79, for a total value of $195,300.00. Following the sale, the chief technology officer now owns 8,696,669 shares of the company’s stock, valued at approximately $24,263,706.51. The trade was a 0.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Aeva Technologies Stock Down 3.0 %

AEVA stock opened at $2.60 on Wednesday. The business has a 50 day moving average price of $4.08 and a 200 day moving average price of $3.87. The stock has a market cap of $140.10 million, a price-to-earnings ratio of -0.84 and a beta of 1.41. Aeva Technologies, Inc. has a fifty-two week low of $2.20 and a fifty-two week high of $6.30.

Institutional Investors Weigh In On Aeva Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parkwood LLC lifted its stake in Aeva Technologies by 415.7% in the fourth quarter. Parkwood LLC now owns 1,426,627 shares of the company’s stock valued at $6,776,000 after buying an additional 1,150,000 shares during the last quarter. Jane Street Group LLC lifted its stake in Aeva Technologies by 2,490.3% in the fourth quarter. Jane Street Group LLC now owns 648,942 shares of the company’s stock valued at $3,082,000 after buying an additional 623,889 shares during the last quarter. Geode Capital Management LLC lifted its stake in Aeva Technologies by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 621,191 shares of the company’s stock valued at $2,951,000 after buying an additional 9,318 shares during the last quarter. State Street Corp lifted its stake in Aeva Technologies by 5.5% in the third quarter. State Street Corp now owns 452,309 shares of the company’s stock valued at $1,488,000 after buying an additional 23,593 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Aeva Technologies by 14.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 242,376 shares of the company’s stock valued at $1,151,000 after buying an additional 30,924 shares during the last quarter. Hedge funds and other institutional investors own 62.92% of the company’s stock.

Aeva Technologies Company Profile

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.