Aeva Technologies, Inc. (NYSE:AEVA) CTO Sells $3,925,000.00 in Stock

Aeva Technologies, Inc. (NYSE:AEVA) CTO Mina Rezk sold 250,000 shares of Aeva Technologies stock in a transaction on Monday, May 19th. The shares were sold at an average price of $15.70, for a total value of $3,925,000.00. Following the transaction, the chief technology officer now owns 8,046,669 shares of the company’s stock, valued at $126,332,703.30. The trade was a 3.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Friday, May 2nd, Mina Rezk sold 86,889 shares of Aeva Technologies stock. The stock was sold at an average price of $7.55, for a total transaction of $656,011.95.
• On Monday, April 28th, Mina Rezk sold 38,111 shares of Aeva Technologies stock. The shares were sold at an average price of $7.62, for a total value of $290,405.82.
• On Monday, April 21st, Mina Rezk sold 125,000 shares of Aeva Technologies stock. The shares were sold at an average price of $6.34, for a total transaction of $792,500.00.
• On Tuesday, April 15th, Mina Rezk sold 88,916 shares of Aeva Technologies stock. The stock was sold at an average price of $7.61, for a total value of $676,650.76.
• On Thursday, April 10th, Mina Rezk sold 21,012 shares of Aeva Technologies stock. The shares were sold at an average price of $7.51, for a total transaction of $157,800.12.
• On Tuesday, April 1st, Mina Rezk sold 7,300 shares of Aeva Technologies stock. The shares were sold at an average price of $7.50, for a total value of $54,750.00.
• On Monday, March 10th, Mina Rezk sold 70,000 shares of Aeva Technologies stock. The stock was sold at an average price of $2.79, for a total transaction of $195,300.00.

Aeva Technologies Stock Down 5.1%

AEVA opened at $14.20 on Thursday. The firm’s 50-day moving average price is $8.09 and its 200-day moving average price is $5.49. The company has a market cap of $781.14 million, a P/E ratio of -4.60 and a beta of 1.07. Aeva Technologies, Inc. has a 52-week low of $2.20 and a 52-week high of $18.74.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sylebra Capital LLC grew its holdings in shares of Aeva Technologies by 56.4% during the first quarter. Sylebra Capital LLC now owns 16,228,553 shares of the company’s stock valued at $113,600,000 after buying an additional 5,849,249 shares during the last quarter. Parkwood LLC lifted its position in Aeva Technologies by 415.7% during the 4th quarter. Parkwood LLC now owns 1,426,627 shares of the company’s stock worth $6,776,000 after acquiring an additional 1,150,000 shares during the period. Jane Street Group LLC grew its stake in Aeva Technologies by 2,490.3% during the 4th quarter. Jane Street Group LLC now owns 648,942 shares of the company’s stock valued at $3,082,000 after purchasing an additional 623,889 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Aeva Technologies by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 621,191 shares of the company’s stock valued at $2,951,000 after purchasing an additional 9,318 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Aeva Technologies by 14.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 242,376 shares of the company’s stock worth $1,151,000 after purchasing an additional 30,924 shares during the last quarter. Hedge funds and other institutional investors own 62.92% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on AEVA. Roth Capital increased their price objective on shares of Aeva Technologies from $6.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Canaccord Genuity Group raised their target price on shares of Aeva Technologies from $9.50 to $16.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Morgan Stanley boosted their price objective on Aeva Technologies from $5.22 to $11.00 and gave the company an “equal weight” rating in a report on Monday, May 12th. Finally, Oppenheimer boosted their price objective on shares of Aeva Technologies from $9.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, May 15th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $12.33.

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.