Mina Rezk Sells 64,787 Shares of Aeva Technologies (NASDAQ:AEVA) Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CTO Mina Rezk sold 64,787 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $18.85, for a total value of $1,221,234.95. Following the completion of the sale, the chief technology officer owned 1,469,760 shares of the company’s stock, valued at $27,704,976. The trade was a 4.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, January 2nd, Mina Rezk sold 321,723 shares of Aeva Technologies stock. The shares were sold at an average price of $12.96, for a total value of $4,169,530.08.
• On Monday, November 10th, Mina Rezk sold 250,000 shares of Aeva Technologies stock. The stock was 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 value of $361,023.52.

Aeva Technologies Trading Up 4.0%

Shares of AEVA opened at $20.69 on Thursday. Aeva Technologies, Inc. has a 12-month low of $2.52 and a 12-month high of $38.80. The company has a market capitalization of $1.24 billion, a PE ratio of -3.89 and a beta of 2.08. The business’s 50 day moving average is $13.52 and its 200 day moving average is $16.81.

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

Institutional Trading of Aeva Technologies

Several hedge funds have recently made changes to their positions in AEVA. Titan Global Capital Management USA LLC purchased a new position in Aeva Technologies during the second quarter worth $2,500,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Aeva Technologies in the second quarter valued at $1,125,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Aeva Technologies in the 2nd quarter worth about $7,960,000. Employees Retirement System of Texas purchased a new position in shares of Aeva Technologies during the 2nd quarter worth about $2,859,000. Finally, Geode Capital Management LLC grew its holdings in Aeva Technologies by 28.7% during the 2nd quarter. Geode Capital Management LLC now owns 808,205 shares of the company’s stock valued at $30,548,000 after purchasing an additional 180,269 shares during the last quarter. 62.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Canaccord Genuity Group reiterated a “buy” rating and issued a $24.00 target price on shares of Aeva Technologies in a research report on Thursday, December 4th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Aeva Technologies in a report on Monday, December 29th. Three equities 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.