Aeva Technologies (NASDAQ:AEVA) CTO Sells $8,599,500.00 in Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CTO Mina Rezk sold 350,000 shares of Aeva Technologies stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $24.57, for a total value of $8,599,500.00. Following the sale, the chief technology officer owned 1,706,669 shares in the company, valued at $41,932,857.33. This trade represents a 17.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• 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 Performance

Shares of AEVA traded down $0.44 during midday trading on Wednesday, reaching $23.49. 1,400,715 shares of the stock were exchanged, compared to its average volume of 2,563,026. The business’s 50-day moving average price is $19.71 and its 200 day moving average price is $16.36. The company has a debt-to-equity ratio of 7.32, a current ratio of 4.09 and a quick ratio of 3.89. Aeva Technologies, Inc. has a twelve month low of $8.83 and a twelve month high of $38.80. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -4.71 and a beta of 2.41.

Hedge Funds Weigh In On Aeva Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Duquesne Family Office LLC purchased a new position in shares of Aeva Technologies during the third quarter worth about $26,670,000. Millennium Management LLC purchased a new stake in Aeva Technologies in the 3rd quarter valued at approximately $25,751,000. Delta Global Management LP boosted its holdings in Aeva Technologies by 29.7% in the 4th quarter. Delta Global Management LP now owns 1,623,148 shares of the company’s stock valued at $21,555,000 after purchasing an additional 372,159 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Aeva Technologies by 12.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,576,930 shares of the company’s stock valued at $22,865,000 after purchasing an additional 175,482 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in Aeva Technologies by 158.3% in the 4th quarter. Handelsbanken Fonder AB now owns 1,445,409 shares of the company’s stock valued at $19,202,000 after purchasing an additional 885,774 shares in the last quarter. Hedge funds and other institutional investors own 62.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AEVA. 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 cut Aeva Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Two 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 stock. Based on data from MarketBeat, Aeva Technologies has a consensus rating of “Hold” and a consensus target price of $25.33.

Aeva Technologies Company Profile

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.