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 the company’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $8.82, for a total transaction of $248,485.86. Following the sale, the chief technology officer owned 1,499,060 shares of the company’s stock, valued at $13,221,709.20. The trade was a 1.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 Trading Up 19.7%

Shares of AEVA stock traded up $1.81 during trading hours on Friday, reaching $11.00. The company had a trading volume of 3,094,172 shares, compared to its average volume of 1,709,326. The company has a 50 day moving average of $13.03 and a 200 day moving average of $16.69. The company has a debt-to-equity ratio of 3.52, a current ratio of 7.85 and a quick ratio of 7.63. The firm has a market cap of $693.44 million, a price-to-earnings ratio of -4.00 and a beta of 2.56. Aeva Technologies, Inc. has a 1-year low of $8.26 and a 1-year high of $31.30.

Institutional Investors Weigh In On Aeva Technologies

Several large investors have recently modified their holdings of the business. Russell Investments Group Ltd. raised its position in shares of Aeva Technologies by 15.6% during the third quarter. Russell Investments Group Ltd. now owns 13,067 shares of the company’s stock worth $183,000 after purchasing an additional 1,765 shares during the period. CenterBook Partners LP lifted its holdings in shares of Aeva Technologies by 174.2% during the 3rd 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. Integrity Alliance LLC. acquired a new position in shares of Aeva Technologies in the 3rd quarter valued at approximately $205,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Aeva Technologies in the 3rd quarter valued at approximately $378,000. Finally, Brooklands Fund Management Ltd acquired a new position in shares of Aeva Technologies in the 3rd quarter valued at approximately $23,158,000. 62.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Canaccord Genuity Group increased their target price on Aeva Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Morgan Stanley upped their price target on Aeva Technologies from $18.50 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. The Goldman Sachs Group assumed coverage on shares of Aeva Technologies in a research report on Monday, August 24th. They issued a “neutral” rating and a $20.00 price target on the stock. Oppenheimer reissued an “outperform” rating and set a $42.00 price objective on shares of Aeva Technologies in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, September 4th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.