Aeva Technologies (NASDAQ:AEVA) CTO Mina Rezk Sells 350,000 Shares

Aeva Technologies, Inc. (NASDAQ:AEVAGet Free Report) CTO Mina Rezk sold 350,000 shares of Aeva Technologies stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $24.57, for a total value of $8,599,500.00. Following the completion of the sale, the chief technology officer directly owned 1,706,669 shares in the company, valued at $41,932,857.33. This represents a 17.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Tuesday, May 5th, Mina Rezk sold 27,389 shares of Aeva Technologies stock. The shares were sold at an average price of $15.04, for a total value of $411,930.56.

Aeva Technologies Stock Performance

AEVA traded down $0.44 during trading on Wednesday, reaching $23.49. The company’s stock had a trading volume of 1,400,715 shares, compared to its average volume of 2,563,026. Aeva Technologies, Inc. has a 52-week low of $8.83 and a 52-week high of $38.80. The company’s fifty day moving average price is $19.71 and its 200-day moving average price is $16.36. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -4.71 and a beta of 2.41. The company has a debt-to-equity ratio of 7.32, a quick ratio of 3.89 and a current ratio of 4.09.

Institutional Trading of Aeva Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in AEVA. AQR Capital Management LLC increased its holdings in shares of Aeva Technologies by 29.2% during the 1st quarter. AQR Capital Management LLC now owns 20,849 shares of the company’s stock worth $146,000 after buying an additional 4,707 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Aeva Technologies by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock worth $96,000 after buying an additional 630 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Aeva Technologies by 27,345.0% during the 1st quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock worth $38,000 after buying an additional 5,469 shares during the last quarter. Prudential Financial Inc. acquired a new stake in shares of Aeva Technologies during the 2nd quarter worth $446,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Aeva Technologies during the 2nd quarter worth $1,239,000. 62.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wall Street Zen downgraded Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings upgraded Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $25.33.

Read Our Latest Report on AEVA

Aeva Technologies Company Profile

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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.

Further Reading

Insider Buying and Selling by Quarter for Aeva Technologies (NASDAQ:AEVA)

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