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 the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $4.12, for a total value of $288,400.00. Following the sale, the chief technology officer now directly owns 8,766,669 shares in the company, valued at $36,118,676.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Aeva Technologies Stock Performance

NYSE AEVA traded down $0.22 during trading hours on Wednesday, hitting $3.85. The company had a trading volume of 280,557 shares, compared to its average volume of 298,864. Aeva Technologies, Inc. has a 1-year low of $2.20 and a 1-year high of $7.25. The business has a 50 day moving average of $3.47 and a 200-day moving average of $3.21.

Hedge Funds Weigh In On Aeva Technologies

Several large investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its stake in shares of Aeva Technologies by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 211,452 shares of the company’s stock worth $696,000 after buying an additional 8,007 shares during the period. Susquehanna Fundamental Investments LLC boosted its stake in shares of Aeva Technologies by 82.3% during the second quarter. Susquehanna Fundamental Investments LLC now owns 27,083 shares of the company’s stock worth $68,000 after buying an additional 12,227 shares during the period. Sei Investments Co. acquired a new stake in shares of Aeva Technologies during the second quarter worth about $39,000. Dimensional Fund Advisors LP acquired a new stake in shares of Aeva Technologies during the second quarter worth about $118,000. Finally, American Century Companies Inc. acquired a new stake in shares of Aeva Technologies during the second quarter worth about $38,000. Institutional investors and hedge funds own 62.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AEVA shares. Westpark Capital reaffirmed a “hold” rating on shares of Aeva Technologies in a research report on Wednesday, August 7th. Craig Hallum increased their target price on Aeva Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Roth Mkm increased their target price on Aeva Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Aeva Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $10.53.

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.