Key Points
- Aeva Technologies CTO Mina Rezk sold 350,000 shares on June 16 at an average price of $24.57, totaling about $8.6 million. After the sale, Rezk still owned 1,706,669 shares, a 17.02% reduction in his stake.
- The stock was trading down 1.8% and opened at $23.49, with a market cap of $1.48 billion. AEVA has been volatile, with a 52-week range of $8.83 to $38.80.
- Analyst sentiment is mixed, with a consensus Hold rating and a price target of $25.33. Institutional ownership remains high, with hedge funds and other investors holding 62.92% of the company.
Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) CTO Mina Rezk sold 350,000 shares of Aeva Technologies stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $24.57, for a total transaction of $8,599,500.00. Following the transaction, the chief technology officer directly owned 1,706,669 shares in the company, valued at approximately $41,932,857.33. This trade represents a 17.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Mina Rezk also recently made the following trade(s):
- On Tuesday, May 5th, Mina Rezk sold 27,389 shares of Aeva Technologies stock. The shares were sold at an average price of $15.04, for a total transaction of $411,930.56.
Aeva Technologies Trading Down 1.8%
Shares of AEVA stock opened at $23.49 on Thursday. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of -4.71 and a beta of 2.41. The company has a quick ratio of 3.89, a current ratio of 4.09 and a debt-to-equity ratio of 7.32. Aeva Technologies, Inc. has a fifty-two week low of $8.83 and a fifty-two week high of $38.80. The firm's 50 day moving average price is $19.71 and its two-hundred day moving average price is $16.36.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on AEVA. Wall Street Zen cut shares of Aeva Technologies from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. Weiss Ratings raised shares of Aeva Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $25.33.
Read Our Latest Stock Analysis on AEVA
Institutional Trading of Aeva Technologies
A number of hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Aeva Technologies by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company's stock valued at $96,000 after purchasing an additional 630 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Aeva Technologies by 8.4% during the second quarter. The Manufacturers Life Insurance Company now owns 11,467 shares of the company's stock valued at $433,000 after purchasing an additional 884 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Aeva Technologies during the second quarter valued at approximately $36,000. Rockefeller Capital Management L.P. raised its stake in shares of Aeva Technologies by 19.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 7,159 shares of the company's stock valued at $95,000 after purchasing an additional 1,159 shares during the period. Finally, MetLife Investment Management LLC raised its stake in shares of Aeva Technologies by 7.6% during the fourth quarter. MetLife Investment Management LLC now owns 20,001 shares of the company's stock valued at $266,000 after purchasing an additional 1,409 shares during the period. Hedge funds and other institutional investors own 62.92% of the company's stock.
Aeva Technologies Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
