Mina Rezk Sells 26,468 Shares of Aeva Technologies (NASDAQ:AEVA) Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CTO Mina Rezk sold 26,468 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $13.64, for a total value of $361,023.52. Following the completion of the sale, the chief technology officer owned 1,705,668 shares of the company’s stock, valued at approximately $23,265,311.52. This represents a 1.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, August 11th, Mina Rezk sold 250,000 shares of Aeva Technologies stock. The stock was sold at an average price of $13.48, for a total transaction of $3,370,000.00.

Aeva Technologies Price Performance

Shares of Aeva Technologies stock opened at $12.94 on Friday. The firm’s fifty day simple moving average is $15.98 and its 200-day simple moving average is $18.03. Aeva Technologies, Inc. has a 12 month low of $2.52 and a 12 month high of $38.80. The stock has a market capitalization of $728.88 million, a price-to-earnings ratio of -2.43 and a beta of 2.04.

Aeva Technologies (NASDAQ:AEVA) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.46) earnings per share (EPS) for the quarter. The business had revenue of $3.58 million for the quarter. Aeva Technologies had a negative return on equity of 753.07% and a negative net margin of 1,031.15%. Analysts anticipate that Aeva Technologies, Inc. will post -2.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AEVA shares. Oppenheimer boosted their price target on Aeva Technologies from $18.00 to $33.00 and gave the company an “outperform” rating in a research report on Wednesday, July 16th. Wall Street Zen raised Aeva Technologies from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aeva Technologies in a report on Wednesday, October 8th. Finally, Morgan Stanley lifted their price objective on shares of Aeva Technologies from $11.00 to $19.00 and gave the company an “equal weight” rating in a research report on Friday, August 1st. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Aeva Technologies presently has an average rating of “Hold” and a consensus target price of $24.50.

Hedge Funds Weigh In On Aeva Technologies

A number of large investors have recently modified their holdings of the business. American Century Companies Inc. grew its stake in shares of Aeva Technologies by 81.5% during the 1st quarter. American Century Companies Inc. now owns 46,623 shares of the company’s stock worth $326,000 after purchasing an additional 20,934 shares during the period. Informed Momentum Co LLC purchased a new stake in Aeva Technologies during the first quarter worth about $781,000. Invesco Ltd. acquired a new position in Aeva Technologies during the first quarter worth about $325,000. Sylebra Capital LLC increased its holdings in Aeva Technologies by 56.4% in the first quarter. Sylebra Capital LLC now owns 16,228,553 shares of the company’s stock valued at $113,600,000 after buying an additional 5,849,249 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Aeva Technologies during the 2nd quarter valued at approximately $335,000. 62.92% of the stock is owned by hedge funds and other institutional investors.

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.