Aeva Technologies (NASDAQ:AEVA) CTO Sells 64,821 Shares

Aeva Technologies, Inc. (NASDAQ:AEVA) CTO Mina Rezk sold 64,821 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $21.16, for a total value of $1,371,612.36. Following the sale, the chief technology officer owned 1,537,527 shares of the company’s stock, valued at approximately $32,534,071.32. This represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 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 transaction of $411,930.56.

Aeva Technologies Stock Performance

Shares of AEVA traded down $1.04 on Friday, reaching $20.99. The company’s stock had a trading volume of 1,044,631 shares, compared to its average volume of 2,092,468. The stock’s 50 day simple moving average is $22.65 and its two-hundred day simple moving average is $17.47. The company has a debt-to-equity ratio of 7.32, a current ratio of 4.09 and a quick ratio of 3.89. The stock has a market capitalization of $1.32 billion, a P/E ratio of -4.21 and a beta of 2.40. Aeva Technologies, Inc. has a 12-month low of $8.83 and a 12-month high of $33.24.

Aeva Technologies (NASDAQ:AEVA) last announced its earnings results on Wednesday, May 6th. The company reported ($0.41) EPS for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.12. The business had revenue of $6.26 million for the quarter. Research analysts forecast that Aeva Technologies, Inc. will post -2.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aeva Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of Aeva Technologies by 27.7% in the first quarter. Bank of America Corp DE now owns 110,005 shares of the company’s stock worth $1,448,000 after purchasing an additional 23,856 shares during the period. Royal Bank of Canada lifted its stake in shares of Aeva Technologies by 51.7% during the 1st quarter. Royal Bank of Canada now owns 28,504 shares of the company’s stock valued at $375,000 after buying an additional 9,720 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in Aeva Technologies by 15.4% in the 1st quarter. Quantinno Capital Management LP now owns 24,141 shares of the company’s stock worth $318,000 after buying an additional 3,218 shares during the period. Sona Asset Management US LLC bought a new position in Aeva Technologies in the 1st quarter worth $987,000. Finally, Siren L.L.C. purchased a new stake in Aeva Technologies in the 1st quarter worth $1,448,000. Institutional investors own 62.92% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on AEVA shares. Wall Street Zen cut Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings raised Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $25.33.

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.