Aeva Technologies, Inc. (NASDAQ:AEVA – Get Free Report) CTO Mina Rezk sold 10,304 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $15.40, for a total transaction of $158,681.60. Following the transaction, the chief technology officer owned 1,527,223 shares in the company, valued at $23,519,234.20. The trade was a 0.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Mina Rezk also recently made the following trade(s):
- On Wednesday, July 8th, Mina Rezk sold 64,821 shares of Aeva Technologies stock. The shares were sold at an average price of $21.16, for a total transaction of $1,371,612.36.
- On Tuesday, June 16th, Mina Rezk sold 350,000 shares of Aeva Technologies stock. The stock was sold at an average price of $24.57, for a total transaction of $8,599,500.00.
- On Tuesday, May 5th, Mina Rezk sold 27,389 shares of Aeva Technologies stock. The stock was sold at an average price of $15.04, for a total value of $411,930.56.
Aeva Technologies Stock Up 18.1%
NASDAQ:AEVA opened at $16.52 on Friday. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -3.31 and a beta of 2.40. The company has a debt-to-equity ratio of 7.32, a quick ratio of 3.89 and a current ratio of 4.09. The stock’s fifty day moving average price is $22.26 and its two-hundred day moving average price is $17.69. Aeva Technologies, Inc. has a 52-week low of $8.83 and a 52-week high of $31.30.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. Weiss Ratings upgraded Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Wall Street Zen lowered shares of Aeva Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $21.50.
Get Our Latest Analysis on AEVA
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Aeva Technologies by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock valued at $96,000 after purchasing an additional 630 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Aeva Technologies by 8.4% in the second quarter. The Manufacturers Life Insurance Company now owns 11,467 shares of the company’s stock valued at $433,000 after buying an additional 884 shares during the period. Quantbot Technologies LP acquired a new position in Aeva Technologies in the second quarter valued at about $36,000. Rockefeller Capital Management L.P. boosted its holdings in Aeva Technologies by 19.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 7,159 shares of the company’s stock worth $95,000 after buying an additional 1,159 shares during the last quarter. Finally, MetLife Investment Management LLC grew its position in shares of Aeva Technologies by 7.6% during the 4th quarter. MetLife Investment Management LLC now owns 20,001 shares of the company’s stock worth $266,000 after buying an additional 1,409 shares during the period. Institutional investors and hedge funds own 62.92% of the company’s stock.
About Aeva Technologies
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.
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