Insider Selling: Aeva Technologies, Inc. (NYSE:AEVA) CTO Sells $54,750.00 in Stock

Aeva Technologies, Inc. (NYSE:AEVA) CTO Mina Rezk sold 7,300 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $7.50, for a total transaction of $54,750.00. Following the sale, the chief technology officer now directly owns 8,689,369 shares of the company’s stock, valued at approximately $65,170,267.50. This trade represents a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, March 10th, Mina Rezk sold 70,000 shares of Aeva Technologies stock. The stock was sold at an average price of $2.79, for a total transaction of $195,300.00.

Aeva Technologies Stock Down 10.1 %

Shares of AEVA stock opened at $6.57 on Friday. Aeva Technologies, Inc. has a 12-month low of $2.20 and a 12-month high of $7.53. The firm has a fifty day moving average of $4.22 and a 200-day moving average of $4.13. The firm has a market capitalization of $359.47 million, a price-to-earnings ratio of -2.13 and a beta of 1.03.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parkwood LLC raised its position in shares of Aeva Technologies by 415.7% during the fourth quarter. Parkwood LLC now owns 1,426,627 shares of the company’s stock worth $6,776,000 after purchasing an additional 1,150,000 shares during the period. Jane Street Group LLC raised its holdings in Aeva Technologies by 2,490.3% during the 4th quarter. Jane Street Group LLC now owns 648,942 shares of the company’s stock worth $3,082,000 after buying an additional 623,889 shares during the period. LPL Financial LLC bought a new position in Aeva Technologies in the fourth quarter valued at approximately $451,000. Geode Capital Management LLC boosted its holdings in shares of Aeva Technologies by 14.2% in the third quarter. Geode Capital Management LLC now owns 611,873 shares of the company’s stock valued at $2,013,000 after buying an additional 76,044 shares during the period. Finally, Two Sigma Investments LP boosted its holdings in shares of Aeva Technologies by 308.6% in the fourth quarter. Two Sigma Investments LP now owns 74,288 shares of the company’s stock valued at $353,000 after buying an additional 56,107 shares during the period. 62.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AEVA has been the topic of a number of analyst reports. Oppenheimer increased their price target on Aeva Technologies from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Thursday, March 20th. Morgan Stanley increased their target price on Aeva Technologies from $4.87 to $5.22 and gave the company an “equal weight” rating in a research note on Friday, March 21st. Finally, Canaccord Genuity Group started coverage on Aeva Technologies in a research report on Tuesday, April 1st. They set a “buy” rating and a $9.50 target price for the company. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.54.

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.