Insider Selling: Aeva Technologies (NASDAQ:AEVA) CTO Sells $158,681.60 in Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CTO Mina Rezk sold 10,304 shares of the stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $15.40, for a total transaction of $158,681.60. Following the completion of the sale, the chief technology officer owned 1,527,223 shares of the company’s stock, valued at approximately $23,519,234.20. This represents a 0.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 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 stock was sold at an average price of $15.04, for a total transaction of $411,930.56.

Aeva Technologies Trading Up 6.6%

NASDAQ:AEVA opened at $17.54 on Friday. The company has a debt-to-equity ratio of 7.32, a quick ratio of 3.89 and a current ratio of 4.09. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -3.52 and a beta of 2.40. Aeva Technologies, Inc. has a 52 week low of $8.83 and a 52 week high of $31.30. The firm has a 50-day moving average price of $22.10 and a two-hundred day moving average price of $17.69.

Aeva Technologies (NASDAQ:AEVA) last posted its earnings results on Wednesday, May 6th. The company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.53) by $0.12. The firm had revenue of $6.26 million for the quarter. On average, equities analysts expect that Aeva Technologies, Inc. will post -2.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AEVA has been the topic of a number of recent analyst reports. Wall Street Zen lowered Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings upgraded Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.00.

Institutional Trading of Aeva Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP boosted its stake in Aeva Technologies by 122.8% in the third quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock valued at $30,000 after acquiring an additional 1,157 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Aeva Technologies during the 4th quarter valued at approximately $33,000. Jones Financial Companies Lllp grew its position 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 valued at $38,000 after acquiring an additional 5,469 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Aeva Technologies during the 4th quarter worth approximately $47,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of Aeva Technologies by 79.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,339 shares of the company’s stock worth $58,000 after purchasing an additional 1,922 shares during the last quarter. Institutional investors 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.