Mina Rezk Sells 70,000 Shares of Aeva Technologies, Inc. (NYSE:AEVA) Stock

Aeva Technologies, Inc. (NYSE:AEVA) CTO Mina Rezk sold 70,000 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $4.12, for a total value of $288,400.00. Following the completion of the transaction, the chief technology officer now directly owns 8,766,669 shares in the company, valued at approximately $36,118,676.28. This represents a 0.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Aeva Technologies Stock Down 2.1 %

AEVA opened at $3.77 on Friday. The stock has a market cap of $203.13 million, a P/E ratio of -1.22 and a beta of 1.37. Aeva Technologies, Inc. has a 52-week low of $2.20 and a 52-week high of $7.25. The business has a fifty day moving average of $3.52 and a 200 day moving average of $3.22.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AEVA shares. Craig Hallum increased their price objective on Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Westpark Capital reissued a “hold” rating on shares of Aeva Technologies in a report on Wednesday, August 7th. Finally, Roth Mkm raised their price target on shares of Aeva Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.53.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets acquired a new position in shares of Aeva Technologies during the 1st quarter worth approximately $31,000. American Century Companies Inc. purchased a new stake in Aeva Technologies in the second quarter valued at approximately $38,000. Sei Investments Co. purchased a new stake in Aeva Technologies during the 2nd quarter worth approximately $39,000. Susquehanna Fundamental Investments LLC acquired a new stake in Aeva Technologies in the 1st quarter valued at about $58,000. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Aeva Technologies during the 2nd quarter worth $118,000. 62.92% of the stock is owned by institutional investors and hedge funds.

Aeva Technologies Company Profile

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.