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

Aeva Technologies, Inc. (NASDAQ:AEVA) CTO Mina Rezk sold 100,000 shares of Aeva Technologies stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $24.01, for a total transaction of $2,401,000.00. Following the sale, the chief technology officer directly owned 1,606,669 shares in the company, valued at approximately $38,576,122.69. The trade was a 5.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

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

Aeva Technologies Stock Performance

Shares of Aeva Technologies stock opened at $22.42 on Friday. Aeva Technologies, Inc. has a 52 week low of $8.83 and a 52 week high of $31.30. The business’s fifty day simple moving average is $21.37 and its 200-day simple moving average is $17.92. The firm has a market cap of $1.41 billion, a PE ratio of -8.21 and a beta of 2.47. The company has a quick ratio of 7.63, a current ratio of 7.85 and a debt-to-equity ratio of 3.52.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Duquesne Family Office LLC acquired a new stake in shares of Aeva Technologies in the 3rd quarter valued at $26,670,000. Millennium Management LLC purchased a new stake in shares of Aeva Technologies during the 3rd quarter worth $25,751,000. Handelsbanken Fonder AB grew its stake in shares of Aeva Technologies by 158.3% during the fourth quarter. Handelsbanken Fonder AB now owns 1,445,409 shares of the company’s stock worth $19,202,000 after purchasing an additional 885,774 shares in the last quarter. Invesco Ltd. grew its stake in shares of Aeva Technologies by 1,223.8% during the second quarter. Invesco Ltd. now owns 614,411 shares of the company’s stock worth $23,219,000 after purchasing an additional 567,998 shares in the last quarter. Finally, Delta Global Management LP increased its holdings in Aeva Technologies by 29.7% in the fourth quarter. Delta Global Management LP now owns 1,623,148 shares of the company’s stock valued at $21,555,000 after buying an additional 372,159 shares during the last quarter. Institutional investors and hedge funds own 62.92% of the company’s stock.

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.