Insider Selling: Aeva Technologies (NASDAQ:AEVA) CTO Sells 321,723 Shares of Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CTO Mina Rezk sold 321,723 shares of Aeva Technologies stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $12.96, for a total transaction of $4,169,530.08. Following the sale, the chief technology officer owned 1,534,547 shares in the company, valued at approximately $19,887,729.12. The trade was a 17.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Mina Rezk also recently made the following trade(s):

• On Monday, November 10th, Mina Rezk sold 250,000 shares of Aeva Technologies stock. The stock was sold at an average price of $13.45, for a total transaction of $3,362,500.00.
• On Wednesday, November 5th, Mina Rezk sold 26,468 shares of Aeva Technologies stock. The shares were sold at an average price of $13.64, for a total transaction of $361,023.52.

Aeva Technologies Stock Up 2.7%

NASDAQ AEVA traded up $0.34 on Monday, reaching $13.09. The company had a trading volume of 2,871,123 shares, compared to its average volume of 1,401,437. The stock has a market capitalization of $786.45 million, a PE ratio of -2.46 and a beta of 2.08. Aeva Technologies, Inc. has a 12 month low of $2.52 and a 12 month high of $38.80. The firm’s 50 day moving average price is $13.07 and its 200 day moving average price is $17.28.

Aeva Technologies (NASDAQ:AEVA) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.46) EPS for the quarter. The company had revenue of $3.58 million for the quarter. Aeva Technologies had a negative net margin of 1,031.15% and a negative return on equity of 603.21%. On average, research analysts expect that Aeva Technologies, Inc. will post -2.7 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aeva Technologies in a research note on Monday, December 29th. Wall Street Zen lowered shares of Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $24.00 price target on shares of Aeva Technologies in a research note on Thursday, December 4th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $26.50.

Institutional Investors Weigh In On Aeva Technologies

Institutional investors have recently modified their holdings of the stock. Titan Global Capital Management USA LLC bought a new stake in Aeva Technologies in the second quarter worth about $2,500,000. American Century Companies Inc. grew its stake in shares of Aeva Technologies by 81.5% during the first quarter. American Century Companies Inc. now owns 46,623 shares of the company’s stock valued at $326,000 after buying an additional 20,934 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Aeva Technologies in the second quarter worth approximately $1,125,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Aeva Technologies during the 2nd quarter worth approximately $7,960,000. Finally, Employees Retirement System of Texas bought a new stake in shares of Aeva Technologies during the 2nd quarter worth approximately $2,859,000. 62.92% of the stock is owned by institutional investors.

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.