Aeva Technologies (NASDAQ:AEVA) Stock: Insider Mina Rezk Sells 28,173 Shares

Aeva Technologies, Inc. (NASDAQ:AEVA) CTO Mina Rezk sold 28,173 shares of Aeva Technologies stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $8.82, for a total value of $248,485.86. Following the transaction, the chief technology officer owned 1,499,060 shares in the company, valued at approximately $13,221,709.20. This represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 Monday, August 10th, Mina Rezk sold 100,000 shares of Aeva Technologies stock. The shares were sold at an average price of $24.01, for a total value of $2,401,000.00.

Aeva Technologies Stock Up 19.7%

Shares of Aeva Technologies stock opened at $11.00 on Friday. Aeva Technologies, Inc. has a 1 year low of $8.26 and a 1 year high of $31.30. The business has a 50-day moving average of $13.03 and a two-hundred day moving average of $16.69. The company has a market capitalization of $693.44 million, a P/E ratio of -4.00 and a beta of 2.56. The company has a debt-to-equity ratio of 3.52, a current ratio of 7.85 and a quick ratio of 7.63.

Institutional Trading of Aeva Technologies

Institutional investors have recently modified their holdings of the company. Brooklands Fund Management Ltd acquired a new position in Aeva Technologies during the third quarter valued at approximately $23,158,000. CenterBook Partners LP grew its stake in Aeva Technologies by 174.2% in the third quarter. CenterBook Partners LP now owns 481,383 shares of the company’s stock valued at $6,759,000 after purchasing an additional 305,792 shares in the last quarter. Siren L.L.C. acquired a new position in shares of Aeva Technologies during the 1st quarter worth approximately $1,448,000. Walleye Capital LLC acquired a new position in shares of Aeva Technologies during the 1st quarter worth approximately $1,401,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Aeva Technologies during the 2nd quarter worth approximately $2,382,000. 62.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Canaccord Genuity Group increased their target price on Aeva Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. The Goldman Sachs Group assumed coverage on shares of Aeva Technologies in a research note on Monday, August 24th. They issued a “neutral” rating and a $20.00 price target on the stock. Weiss Ratings upgraded shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, September 4th. 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. Finally, Oppenheimer restated an “outperform” rating and set a $42.00 price objective on shares of Aeva Technologies in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $28.75.

Aeva Technologies Company Profile

Aeva Technologies, Inc develops sensing and perception systems designed to help machines understand their surroundings. The company’s core technology is a 4D lidar platform that uses frequency-modulated continuous-wave (FMCW) sensing to measure an object’s location, depth, and velocity, supporting applications that require real-time environmental awareness.

Its products include lidar sensors and related perception software for the automotive, industrial, robotics, mapping, and other machine-perception markets.