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 the 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Friday, May 2nd, Mina Rezk sold 86,889 shares of Aeva Technologies stock. The shares were sold at an average price of $7.55, for a total value 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 value 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 transaction of $676,650.76.
• On Thursday, April 10th, Mina Rezk sold 21,012 shares of Aeva Technologies stock. The stock was 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 stock was sold at an average price of $7.50, for a total transaction 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 4.0%

Shares of NYSE:AEVA opened at $14.96 on Wednesday. Aeva Technologies, Inc. has a twelve month low of $2.20 and a twelve month high of $18.74. The stock’s 50 day moving average is $7.86 and its 200-day moving average is $5.43. The firm has a market capitalization of $822.95 million, a price-to-earnings ratio of -4.84 and a beta of 1.07.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AEVA. Barclays PLC increased its position in shares of Aeva Technologies by 276.4% during the third quarter. Barclays PLC now owns 29,910 shares of the company’s stock worth $98,000 after acquiring an additional 21,964 shares in the last quarter. PFG Investments LLC bought a new stake in Aeva Technologies during the 4th quarter worth approximately $48,000. Rhumbline Advisers lifted its holdings in shares of Aeva Technologies by 13.2% in the fourth quarter. Rhumbline Advisers now owns 53,617 shares of the company’s stock valued at $255,000 after purchasing an additional 6,238 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Aeva Technologies in the fourth quarter valued at approximately $88,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings 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 valued at $1,151,000 after purchasing an additional 30,924 shares in the last quarter. Institutional investors and hedge funds own 62.92% of the company’s stock.

Analysts Set New Price Targets

AEVA has been the subject of a number of recent analyst reports. Canaccord Genuity Group increased their price target on Aeva Technologies from $9.50 to $16.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Roth Capital increased their price target on Aeva Technologies from $6.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Oppenheimer increased their price target on Aeva Technologies from $9.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, May 15th. Finally, Morgan Stanley increased their price target on Aeva Technologies from $5.22 to $11.00 and gave the stock an “equal weight” rating in a report on Monday, May 12th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $12.33.

About Aeva Technologies

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.