Key Points
- CEO Soroush Dardashti sold 42,262 Aeva shares for about $372,751 at an average price of $8.82; the sale covered tax withholding on vested equity awards. He retained 1,487,471 shares.
- Analysts have a consensus “Hold” rating and an average price target of $28.75, based on two Buy, two Hold, and one Sell rating.
- Institutional investors own 62.92% of Aeva, with several firms increasing their holdings and Brooklands Fund Management reporting a new stake worth about $23.2 million.
Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) CTO Mina Rezk sold 28,173 shares of Aeva Technologies stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $8.82, for a total value of $248,485.86. Following the completion of the transaction, the chief technology officer owned 1,499,060 shares in the company, valued at $13,221,709.20. This represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Mina Rezk also recently made the following trade(s):
- On Monday, August 10th, Mina Rezk sold 100,000 shares of Aeva Technologies stock. The stock was sold at an average price of $24.01, for a total value of $2,401,000.00.
Aeva Technologies Stock Up 19.7%
Shares of NASDAQ AEVA traded up $1.81 during mid-day trading on Friday, reaching $11.00. 3,094,172 shares of the company were exchanged, compared to its average volume of 1,709,326. Aeva Technologies, Inc. has a 1 year low of $8.26 and a 1 year high of $31.30. The firm has a 50-day moving average of $13.03 and a 200 day moving average of $16.69. The stock has a market cap of $693.44 million, a price-to-earnings ratio of -4.00 and a beta of 2.56. The company has a quick ratio of 7.63, a current ratio of 7.85 and a debt-to-equity ratio of 3.52.
Analyst Upgrades and Downgrades
Several analysts have commented on AEVA shares. Canaccord Genuity Group increased their price target on shares of Aeva Technologies from $24.00 to $26.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Wall Street Zen lowered shares of Aeva Technologies from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 8th. Morgan Stanley boosted their price objective on shares of Aeva Technologies from $18.50 to $27.00 and gave the stock an "equal weight" rating in a research note on Friday, August 7th. The Goldman Sachs Group began coverage on shares of Aeva Technologies in a research report on Monday, August 24th. They set a "neutral" rating and a $20.00 target price for the company. Finally, Weiss Ratings upgraded shares of Aeva Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, September 4th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $28.75.
Get Our Latest Stock Report on AEVA
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. increased its stake in shares of Aeva Technologies by 15.6% in the third quarter. Russell Investments Group Ltd. now owns 13,067 shares of the company's stock worth $183,000 after acquiring an additional 1,765 shares during the period. CenterBook Partners LP boosted its holdings in Aeva Technologies by 174.2% in the third quarter. CenterBook Partners LP now owns 481,383 shares of the company's stock valued at $6,759,000 after purchasing an additional 305,792 shares during the last quarter. Integrity Alliance LLC. purchased a new stake in Aeva Technologies in the third quarter valued at $205,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Aeva Technologies during the 3rd quarter worth about $378,000. Finally, Brooklands Fund Management Ltd purchased a new position in shares of Aeva Technologies during the 3rd quarter valued at about $23,158,000. 62.92% of the stock is currently owned by hedge funds and other institutional investors.
About Aeva Technologies
(
Get Free Report)
Aeva Technologies, Inc develops sensing and perception systems designed to help machines understand their surroundings. The company's core technology is a 4D lidar platform that uses frequency-modulated continuous-wave (FMCW) sensing to measure an object's location, depth, and velocity, supporting applications that require real-time environmental awareness.
Its products include lidar sensors and related perception software for the automotive, industrial, robotics, mapping, and other machine-perception markets.
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