Aeva Technologies, Inc. (NYSE:AEVA) CTO Mina Rezk Sells 70,000 Shares

Aeva Technologies, Inc. (NYSE:AEVA) CTO Mina Rezk sold 70,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $4.12, for a total transaction of $288,400.00. Following the completion of the sale, the chief technology officer now owns 8,766,669 shares of the company’s stock, valued at approximately $36,118,676.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Aeva Technologies Trading Down 5.4 %

Aeva Technologies stock traded down $0.22 during mid-day trading on Wednesday, reaching $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 stock’s 50-day simple moving average is $3.47 and its 200-day simple moving average is $3.21.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its stake in shares of Aeva Technologies by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 211,452 shares of the company’s stock worth $696,000 after purchasing an additional 8,007 shares in the last quarter. Susquehanna Fundamental Investments LLC increased its stake in shares of Aeva Technologies by 82.3% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 27,083 shares of the company’s stock worth $68,000 after purchasing an additional 12,227 shares in the last quarter. Sei Investments Co. purchased a new position in shares of Aeva Technologies during the 2nd quarter worth approximately $39,000. Dimensional Fund Advisors LP purchased a new position in shares of Aeva Technologies during the 2nd quarter worth approximately $118,000. Finally, American Century Companies Inc. purchased a new position in shares of Aeva Technologies during the 2nd quarter worth approximately $38,000. 62.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Westpark Capital restated a “hold” rating on shares of Aeva Technologies in a research report on Wednesday, August 7th. Craig Hallum increased their target price on shares of 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 shares of Aeva Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.