Insider Selling: Aeva Technologies, Inc. (NYSE:AEVA) CTO Sells 70,000 Shares of Stock

Aeva Technologies, Inc. (NYSE:AEVA) CTO Mina Rezk sold 70,000 shares of Aeva Technologies stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $4.12, for a total value of $288,400.00. Following the completion of the sale, the chief technology officer now owns 8,766,669 shares in the company, valued at approximately $36,118,676.28. This trade represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Aeva Technologies Stock Down 2.1 %

Shares of AEVA opened at $3.77 on Friday. The firm has a market cap of $203.13 million, a price-to-earnings ratio of -1.22 and a beta of 1.37. Aeva Technologies, Inc. has a 12 month low of $2.20 and a 12 month high of $7.25. The company’s fifty day moving average is $3.52 and its 200-day moving average is $3.22.

Analyst Ratings Changes

Several brokerages have recently issued reports on AEVA. Craig Hallum upped their price objective on Aeva Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Roth Mkm lifted their price objective on Aeva Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Westpark Capital reissued a “hold” rating on shares of Aeva Technologies in a research report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $10.53.

Institutional Trading of Aeva Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Magnetar Financial LLC acquired a new stake in shares of Aeva Technologies in the first quarter valued at $633,000. Dimensional Fund Advisors LP bought a new position in Aeva Technologies during the second quarter worth about $118,000. Bank of New York Mellon Corp grew its holdings in Aeva Technologies by 40.3% during the second quarter. Bank of New York Mellon Corp now owns 76,107 shares of the company’s stock valued at $192,000 after purchasing an additional 21,865 shares during the period. Sei Investments Co. bought a new stake in shares of Aeva Technologies in the 2nd quarter valued at $39,000. Finally, American Century Companies Inc. acquired a new position in shares of Aeva Technologies in the 2nd quarter valued at approximately $38,000. 62.92% of the stock is currently owned by institutional investors and hedge funds.

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.