Aeva Technologies, Inc. (NYSE:AEVA - Get Free Report) CTO Mina Rezk sold 88,916 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $7.61, for a total value of $676,650.76. Following the transaction, the chief technology officer now directly owns 8,546,669 shares in the company, valued at approximately $65,040,151.09. This represents a 1.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Mina Rezk also recently made the following trade(s):
- On Thursday, April 10th, Mina Rezk sold 21,012 shares of Aeva Technologies stock. The stock was sold at an average price of $7.51, for a total value of $157,800.12.
- On Tuesday, April 1st, Mina Rezk sold 7,300 shares of Aeva Technologies stock. The stock was sold at an average price of $7.50, for a total value of $54,750.00.
- On Monday, March 10th, Mina Rezk sold 70,000 shares of Aeva Technologies stock. The shares were sold at an average price of $2.79, for a total transaction of $195,300.00.
Aeva Technologies Trading Down 8.1 %
AEVA stock opened at $7.17 on Thursday. The company's 50-day moving average price is $4.80 and its 200 day moving average price is $4.38. Aeva Technologies, Inc. has a 52 week low of $2.20 and a 52 week high of $8.12. The company has a market cap of $392.30 million, a P/E ratio of -2.32 and a beta of 1.03.
Analyst Ratings Changes
Several research firms have recently commented on AEVA. Canaccord Genuity Group began coverage on shares of Aeva Technologies in a research note on Tuesday, April 1st. They issued a "buy" rating and a $9.50 target price for the company. Oppenheimer raised their price objective on shares of Aeva Technologies from $5.00 to $6.00 and gave the company an "outperform" rating in a research report on Thursday, March 20th. Finally, Morgan Stanley boosted their target price on Aeva Technologies from $4.87 to $5.22 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $6.54.
Read Our Latest Stock Report on Aeva Technologies
Institutional Investors Weigh In On Aeva Technologies
A number of institutional investors and hedge funds have recently modified their holdings of the company. Parkwood LLC boosted its position in Aeva Technologies by 415.7% during the fourth quarter. Parkwood LLC now owns 1,426,627 shares of the company's stock worth $6,776,000 after purchasing an additional 1,150,000 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Aeva Technologies by 2,490.3% during the 4th quarter. Jane Street Group LLC now owns 648,942 shares of the company's stock worth $3,082,000 after buying an additional 623,889 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Aeva Technologies by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 621,191 shares of the company's stock worth $2,951,000 after buying an additional 9,318 shares in the last quarter. State Street Corp grew its stake in Aeva Technologies by 5.5% in the 3rd quarter. State Street Corp now owns 452,309 shares of the company's stock valued at $1,488,000 after acquiring an additional 23,593 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Aeva Technologies by 14.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 242,376 shares of the company's stock valued at $1,151,000 after acquiring an additional 30,924 shares in the last quarter. Institutional investors and hedge funds own 62.92% of the company's stock.
Aeva Technologies Company Profile
(
Get Free Report)
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.
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