Aeva Technologies (NASDAQ:AEVA) CTO Mina Rezk Sells 250,000 Shares

Aeva Technologies, Inc. (NASDAQ:AEVA) CTO Mina Rezk sold 250,000 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $13.45, for a total transaction of $3,362,500.00. Following the completion of the sale, the chief technology officer owned 2,956,669 shares in the company, valued at $39,767,198.05. This represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 Stock Performance

Aeva Technologies stock traded up $0.54 during midday trading on Monday, reaching $13.60. The stock had a trading volume of 3,022,320 shares, compared to its average volume of 2,035,899. The stock has a market capitalization of $766.09 million, a P/E ratio of -2.56 and a beta of 2.04. The firm’s fifty day simple moving average is $15.92 and its 200-day simple moving average is $18.29. Aeva Technologies, Inc. has a 1-year low of $2.52 and a 1-year high of $38.80.

Aeva Technologies (NASDAQ:AEVA) last released its earnings results on Wednesday, November 5th. The company reported ($0.46) earnings per share (EPS) for the quarter. Aeva Technologies had a negative net margin of 1,031.15% and a negative return on equity of 753.07%. The company had revenue of $3.58 million during the quarter. On average, sell-side analysts anticipate that Aeva Technologies, Inc. will post -2.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aeva Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sylebra Capital LLC raised its holdings in Aeva Technologies by 56.4% during the 1st quarter. Sylebra Capital LLC now owns 16,228,553 shares of the company’s stock worth $113,600,000 after purchasing an additional 5,849,249 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Aeva Technologies by 12.5% during the third quarter. Vanguard Group Inc. now owns 1,576,930 shares of the company’s stock worth $22,865,000 after buying an additional 175,482 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Aeva Technologies by 1,630.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,105,048 shares of the company’s stock worth $41,760,000 after buying an additional 1,041,176 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Aeva Technologies by 28.7% in the second quarter. Geode Capital Management LLC now owns 808,205 shares of the company’s stock valued at $30,548,000 after buying an additional 180,269 shares during the period. Finally, Invesco Ltd. boosted its position in Aeva Technologies by 1,223.8% during the second quarter. Invesco Ltd. now owns 614,411 shares of the company’s stock valued at $23,219,000 after acquiring an additional 567,998 shares during the last quarter. 62.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AEVA shares. Oppenheimer lifted their price target on Aeva Technologies from $18.00 to $33.00 and gave the stock an “outperform” rating in a report on Wednesday, July 16th. Wall Street Zen downgraded Aeva Technologies from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aeva Technologies in a research report on Wednesday, October 8th. Finally, Morgan Stanley boosted their price target on Aeva Technologies from $11.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Aeva Technologies presently has a consensus rating of “Hold” and an average target price of $24.50.

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.