Aeva Technologies (NASDAQ:AEVA) CTO Mina Rezk Sells 350,000 Shares

Aeva Technologies, Inc. (NASDAQ:AEVA) CTO Mina Rezk sold 350,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $24.57, for a total transaction of $8,599,500.00. Following the sale, the chief technology officer directly owned 1,706,669 shares in the company, valued at $41,932,857.33. This represents a 17.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 Price Performance

Aeva Technologies stock opened at $23.49 on Thursday. Aeva Technologies, Inc. has a 12-month low of $8.83 and a 12-month high of $38.80. The stock has a market capitalization of $1.48 billion, a P/E ratio of -4.71 and a beta of 2.41. The firm’s 50-day moving average is $19.71 and its two-hundred day moving average is $16.36. The company has a debt-to-equity ratio of 7.32, a current ratio of 4.09 and a quick ratio of 3.89.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wall Street Zen cut shares of Aeva Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings raised shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $25.33.

Hedge Funds Weigh In On Aeva Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Aeva Technologies by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock worth $96,000 after purchasing an additional 630 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Aeva Technologies by 8.4% during the second quarter. The Manufacturers Life Insurance Company now owns 11,467 shares of the company’s stock worth $433,000 after purchasing an additional 884 shares during the last quarter. Quantbot Technologies LP acquired a new position in Aeva Technologies during the second quarter worth approximately $36,000. Rockefeller Capital Management L.P. increased its position in Aeva Technologies by 19.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 7,159 shares of the company’s stock worth $95,000 after purchasing an additional 1,159 shares during the last quarter. Finally, MetLife Investment Management LLC raised its holdings in Aeva Technologies by 7.6% in the fourth quarter. MetLife Investment Management LLC now owns 20,001 shares of the company’s stock valued at $266,000 after buying an additional 1,409 shares during the period. Institutional investors and hedge funds 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.