Mina Rezk Sells 64,787 Shares of Aeva Technologies (NASDAQ:AEVA) Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CTO Mina Rezk sold 64,787 shares of Aeva Technologies stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $18.85, for a total value of $1,221,234.95. Following the completion of the transaction, the chief technology officer directly owned 1,469,760 shares in the company, valued at approximately $27,704,976. This represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, January 2nd, Mina Rezk sold 321,723 shares of Aeva Technologies stock. The stock was sold at an average price of $12.96, for a total transaction of $4,169,530.08.
• On Monday, November 10th, Mina Rezk sold 250,000 shares of Aeva Technologies stock. The stock was sold at an average price of $13.45, for a total transaction of $3,362,500.00.
• On Wednesday, November 5th, Mina Rezk sold 26,468 shares of Aeva Technologies stock. The stock was sold at an average price of $13.64, for a total value of $361,023.52.

Aeva Technologies Price Performance

Shares of Aeva Technologies stock traded up $0.80 on Tuesday, hitting $19.90. 3,080,846 shares of the company’s stock traded hands, compared to its average volume of 3,262,559. Aeva Technologies, Inc. has a one year low of $2.52 and a one year high of $38.80. The company has a fifty day moving average of $13.38 and a two-hundred day moving average of $16.78. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of -3.74 and a beta of 2.08.

Aeva Technologies (NASDAQ:AEVA) last released its earnings results on Wednesday, November 5th. The company reported ($0.46) earnings per share (EPS) for the quarter. Aeva Technologies had a negative net margin of 1,031.15% and a negative return on equity of 603.21%. The company had revenue of $3.58 million for the quarter. Equities research analysts anticipate that Aeva Technologies, Inc. will post -2.7 earnings per share for the current year.

Institutional Trading of Aeva Technologies

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Aeva Technologies by 92.2% during the second quarter. GAMMA Investing LLC now owns 865 shares of the company’s stock worth $33,000 after purchasing an additional 415 shares during the last quarter. Quantbot Technologies LP bought a new stake in Aeva Technologies in the 2nd quarter worth $36,000. Total Investment Management Inc. bought a new position in Aeva Technologies during the 2nd quarter valued at approximately $43,000. AlphaQuest LLC purchased a new stake in Aeva Technologies in the second quarter worth $51,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Aeva Technologies by 356.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,122 shares of the company’s stock valued at $80,000 after purchasing an additional 1,657 shares in the last quarter. 62.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AEVA. Weiss Ratings reiterated a “sell (e+)” rating on shares of Aeva Technologies in a report on Monday, December 29th. Canaccord Genuity Group reissued a “buy” rating and set a $24.00 price objective on shares of Aeva Technologies in a report on Thursday, December 4th. Finally, Wall Street Zen lowered Aeva Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.50.

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.