Mina Rezk Sells 7,300 Shares of Aeva Technologies, Inc. (NYSE:AEVA) Stock

Aeva Technologies, Inc. (NYSE:AEVA) CTO Mina Rezk sold 7,300 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $7.50, for a total value of $54,750.00. Following the completion of the sale, the chief technology officer now owns 8,689,369 shares in the company, valued at approximately $65,170,267.50. The trade was a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, March 10th, Mina Rezk sold 70,000 shares of Aeva Technologies stock. The shares were sold at an average price of $2.79, for a total value of $195,300.00.

Aeva Technologies Price Performance

AEVA stock opened at $6.57 on Friday. Aeva Technologies, Inc. has a 1-year low of $2.20 and a 1-year high of $7.53. The business has a 50-day moving average price of $4.22 and a 200 day moving average price of $4.12. The company has a market capitalization of $359.47 million, a P/E ratio of -2.13 and a beta of 1.03.

Institutional Investors Weigh In On Aeva Technologies

Several large investors have recently modified their holdings of AEVA. Parkwood LLC increased its holdings in Aeva Technologies by 415.7% during the fourth quarter. Parkwood LLC now owns 1,426,627 shares of the company’s stock valued at $6,776,000 after buying an additional 1,150,000 shares during the period. Jane Street Group LLC boosted its position in Aeva Technologies by 2,490.3% during the 4th quarter. Jane Street Group LLC now owns 648,942 shares of the company’s stock valued at $3,082,000 after acquiring an additional 623,889 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Aeva Technologies by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 621,191 shares of the company’s stock valued at $2,951,000 after acquiring an additional 9,318 shares during the period. State Street Corp raised its position in shares of Aeva Technologies by 5.5% in the 3rd quarter. State Street Corp now owns 452,309 shares of the company’s stock worth $1,488,000 after acquiring an additional 23,593 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Aeva Technologies by 14.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 242,376 shares of the company’s stock worth $1,151,000 after purchasing an additional 30,924 shares during the last quarter. Institutional investors own 62.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AEVA shares. Canaccord Genuity Group assumed coverage on shares of Aeva Technologies in a research note on Tuesday. They set a “buy” rating and a $9.50 target price for the company. Morgan Stanley lifted their price objective on shares of Aeva Technologies from $4.87 to $5.22 and gave the company an “equal weight” rating in a report on Friday, March 21st. Finally, Oppenheimer upped their target price on shares of Aeva Technologies from $5.00 to $6.00 and gave the stock an “outperform” rating in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.54.

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.