Aeva Technologies (NASDAQ:AEVA) CTO Mina Rezk Sells 10,304 Shares

Aeva Technologies, Inc. (NASDAQ:AEVA) CTO Mina Rezk sold 10,304 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $15.40, for a total value of $158,681.60. Following the completion of the sale, the chief technology officer owned 1,527,223 shares in the company, valued at $23,519,234.20. The trade was a 0.67% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 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.
• On Tuesday, May 5th, Mina Rezk sold 27,389 shares of Aeva Technologies stock. The shares were sold at an average price of $15.04, for a total transaction of $411,930.56.

Aeva Technologies Stock Down 4.8%

Shares of AEVA stock traded down $0.71 during trading on Wednesday, reaching $13.99. The company’s stock had a trading volume of 1,225,655 shares, compared to its average volume of 1,503,341. Aeva Technologies, Inc. has a one year low of $8.83 and a one year high of $31.30. The business has a fifty day moving average price of $22.36 and a 200-day moving average price of $17.71. The company has a market cap of $881.93 million, a price-to-earnings ratio of -2.80 and a beta of 2.40. The company has a quick ratio of 3.89, a current ratio of 4.09 and a debt-to-equity ratio of 7.32.

Aeva Technologies (NASDAQ:AEVA) last released its earnings results on Wednesday, May 6th. The company reported ($0.41) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.12. The business had revenue of $6.26 million during the quarter. Analysts anticipate that Aeva Technologies, Inc. will post -2.26 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AEVA. Wall Street Zen cut Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings raised Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Aeva Technologies currently has an average rating of “Hold” and a consensus target price of $21.50.

Hedge Funds Weigh In On Aeva Technologies

A number of institutional investors have recently added to or reduced their stakes in AEVA. AQR Capital Management LLC raised its position in Aeva Technologies by 29.2% during the first quarter. AQR Capital Management LLC now owns 20,849 shares of the company’s stock worth $146,000 after acquiring an additional 4,707 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Aeva Technologies by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock valued at $96,000 after acquiring an additional 630 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Aeva Technologies by 27,345.0% during the 1st quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock worth $38,000 after purchasing an additional 5,469 shares during the last quarter. Prudential Financial Inc. acquired a new position in shares of Aeva Technologies during the 2nd quarter worth about $446,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Aeva Technologies in the 2nd quarter valued at about $1,239,000. 62.92% of the stock is currently owned by institutional investors and hedge funds.

About Aeva Technologies

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.