Insider Selling: Aeva Technologies, Inc. (NYSE:AEVA) CTO Sells 70,000 Shares of Stock

Aeva Technologies, Inc. (NYSE:AEVA) CTO Mina Rezk sold 70,000 shares of Aeva Technologies stock in a transaction on Monday, November 11th. The stock was sold at an average price of $4.12, for a total value of $288,400.00. Following the sale, the chief technology officer now owns 8,766,669 shares in the company, valued at $36,118,676.28. The trade was a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Aeva Technologies Stock Performance

Shares of AEVA opened at $3.75 on Friday. The stock’s 50-day simple moving average is $3.54 and its 200 day simple moving average is $3.22. Aeva Technologies, Inc. has a 52-week low of $2.20 and a 52-week high of $7.25. The stock has a market capitalization of $201.79 million, a price-to-earnings ratio of -1.21 and a beta of 1.37.

Wall Street Analysts Forecast Growth

AEVA has been the subject of several research analyst reports. Roth Mkm raised their price target on shares of Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Westpark Capital restated a “hold” rating on shares of Aeva Technologies in a research note on Wednesday, August 7th. Finally, Craig Hallum lifted 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. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.53.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp lifted its holdings in Aeva Technologies by 5.5% in the third quarter. State Street Corp now owns 452,309 shares of the company’s stock worth $1,488,000 after buying an additional 23,593 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Aeva Technologies by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 211,452 shares of the company’s stock valued at $696,000 after acquiring an additional 8,007 shares in the last quarter. Magnetar Financial LLC bought a new stake in Aeva Technologies in the 1st quarter worth approximately $633,000. Bank of New York Mellon Corp grew its position in Aeva Technologies by 40.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 76,107 shares of the company’s stock worth $192,000 after purchasing an additional 21,865 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Aeva Technologies during the 2nd quarter worth $118,000. 62.92% of the stock is owned by institutional investors.

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.