Key Points
- CTO Mina Rezk sold 50,000 Aeva shares at an average price of $12.08, totaling $604,000. After the sale, he directly owned 1,556,669 shares, a 3.11% reduction in his holdings.
- Rezk had also sold 28,173 shares on November 5 for about $248,486.
- Analysts’ consensus rating is Hold, with an average price target of $28.75; the article reports shares opened at $11.80 and were down 8.1%.
Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) CTO Mina Rezk sold 50,000 shares of the business's stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $12.08, for a total value of $604,000.00. Following the transaction, the chief technology officer directly owned 1,556,669 shares in the company, valued at $18,804,561.52. This trade represents a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Mina Rezk also recently made the following trade(s):
- On Thursday, November 5th, Mina Rezk sold 28,173 shares of Aeva Technologies stock. The stock was sold at an average price of $8.82, for a total value of $248,485.86.
Aeva Technologies Stock Down 8.1%
Shares of NASDAQ:AEVA opened at $11.80 on Friday. The company has a quick ratio of 7.63, a current ratio of 6.26 and a debt-to-equity ratio of 2.24. Aeva Technologies, Inc. has a 52-week low of $8.26 and a 52-week high of $31.30. The company has a 50 day moving average of $12.78 and a two-hundred day moving average of $16.60. The company has a market capitalization of $824.82 million, a price-to-earnings ratio of -4.29 and a beta of 2.56.
Analysts Set New Price Targets
Several brokerages have recently weighed in on AEVA. Oppenheimer restated an "outperform" rating and issued a $42.00 target price on shares of Aeva Technologies in a research note on Thursday, August 6th. Canaccord Genuity Group lifted their price target on shares of Aeva Technologies from $24.00 to $26.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Wall Street Zen lowered shares of Aeva Technologies from a "sell" rating to a "strong sell" rating in a report on Saturday, August 8th. Morgan Stanley upped their price objective on shares of Aeva Technologies from $18.50 to $27.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. Finally, Weiss Ratings raised shares of Aeva Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday, September 4th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $28.75.
View Our Latest Stock Analysis on Aeva Technologies
Institutional Investors Weigh In On Aeva Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of AEVA. Brooklands Fund Management Ltd acquired a new position in shares of Aeva Technologies in the 3rd quarter valued at approximately $23,158,000. CenterBook Partners LP grew its position in shares of Aeva Technologies by 174.2% during the third quarter. CenterBook Partners LP now owns 481,383 shares of the company's stock worth $6,759,000 after buying an additional 305,792 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Aeva Technologies during the second quarter worth approximately $2,382,000. Titan Global Capital Management USA LLC grew its position in shares of Aeva Technologies by 95.1% during the first quarter. Titan Global Capital Management USA LLC now owns 159,743 shares of the company's stock worth $2,102,000 after buying an additional 77,856 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Aeva Technologies by 27.7% in the first quarter. Bank of America Corp DE now owns 110,005 shares of the company's stock worth $1,448,000 after buying an additional 23,856 shares during the last quarter. 62.92% of the stock is currently owned by hedge funds and other institutional investors.
About Aeva Technologies
(
Get Free Report)
Aeva Technologies develops lidar sensing systems and perception software for automotive and other industrial applications. Its technology uses frequency-modulated continuous-wave (FMCW) lidar to measure distance and the speed of objects, supporting applications such as vehicle perception and automation. The company's offerings include lidar sensors designed for automotive use, including its Atlas system, as well as sensing and perception solutions for industrial customers. Aeva's products are intended to help machines detect and interpret objects in their surroundings.
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