Aeva Technologies (NASDAQ:AEVA) CTO Mina Rezk Sells 321,723 Shares

Aeva Technologies, Inc. (NASDAQ:AEVA) CTO Mina Rezk sold 321,723 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $12.96, for a total value of $4,169,530.08. Following the completion of the sale, the chief technology officer owned 1,534,547 shares of the company’s stock, valued at approximately $19,887,729.12. This trade represents a 17.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, November 10th, Mina Rezk sold 250,000 shares of Aeva Technologies stock. The shares were sold at an average price of $13.45, for a total value of $3,362,500.00.
• On Wednesday, November 5th, Mina Rezk sold 26,468 shares of Aeva Technologies stock. The stock was sold at an average price of $13.64, for a total transaction of $361,023.52.

Aeva Technologies Trading Up 2.7%

NASDAQ AEVA opened at $13.09 on Tuesday. Aeva Technologies, Inc. has a 1 year low of $2.52 and a 1 year high of $38.80. The company has a fifty day simple moving average of $13.07 and a 200 day simple moving average of $17.28. The company has a market cap of $786.45 million, a P/E ratio of -2.46 and a beta of 2.08.

Aeva Technologies (NASDAQ:AEVA) last announced its earnings results on Wednesday, November 5th. The company reported ($0.46) EPS for the quarter. Aeva Technologies had a negative return on equity of 603.21% and a negative net margin of 1,031.15%.The firm had revenue of $3.58 million during the quarter. Equities research analysts forecast that Aeva Technologies, Inc. will post -2.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its position in Aeva Technologies by 92.2% in the second quarter. GAMMA Investing LLC now owns 865 shares of the company’s stock worth $33,000 after purchasing an additional 415 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Aeva Technologies by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock valued at $96,000 after buying an additional 630 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Aeva Technologies by 4.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 17,731 shares of the company’s stock worth $670,000 after acquiring an additional 808 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Aeva Technologies by 8.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,467 shares of the company’s stock valued at $433,000 after acquiring an additional 884 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Aeva Technologies in the second quarter valued at about $36,000. 62.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AEVA has been the subject of several recent analyst reports. Canaccord Genuity Group restated a “buy” rating and set a $24.00 target price on shares of Aeva Technologies in a research note on Thursday, December 4th. Wall Street Zen cut Aeva Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Aeva Technologies in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.50.

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.