Aeva Technologies, Inc. (NYSE:AEVA) Director Sells $51,978.50 in Stock

Aeva Technologies, Inc. (NYSE:AEVA) Director Stephen Paul Zadesky sold 14,851 shares of Aeva Technologies stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $3.50, for a total value of $51,978.50. Following the completion of the sale, the director now owns 83,764 shares of the company’s stock, valued at $293,174. This trade represents a 15.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Aeva Technologies Stock Down 6.6 %

Shares of NYSE AEVA opened at $3.09 on Friday. The stock has a market capitalization of $166.50 million, a P/E ratio of -1.00 and a beta of 1.41. Aeva Technologies, Inc. has a 52-week low of $2.20 and a 52-week high of $7.25. The stock’s 50 day moving average price is $4.20 and its two-hundred day moving average price is $3.86.

Institutional Investors Weigh In On Aeva Technologies

Several institutional investors and hedge funds have recently bought and sold shares of AEVA. Parkwood LLC grew its holdings in shares of Aeva Technologies by 415.7% during the fourth quarter. Parkwood LLC now owns 1,426,627 shares of the company’s stock valued at $6,776,000 after purchasing an additional 1,150,000 shares during the last quarter. Jane Street Group LLC boosted its position in Aeva Technologies by 2,490.3% during the 4th quarter. Jane Street Group LLC now owns 648,942 shares of the company’s stock valued at $3,082,000 after purchasing an additional 623,889 shares during the period. Geode Capital Management LLC grew its stake in Aeva Technologies by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 621,191 shares of the company’s stock worth $2,951,000 after buying an additional 9,318 shares during the last quarter. State Street Corp lifted its stake in Aeva Technologies by 5.5% in the third quarter. State Street Corp now owns 452,309 shares of the company’s stock valued at $1,488,000 after buying an additional 23,593 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Aeva Technologies by 14.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 242,376 shares of the company’s stock valued at $1,151,000 after purchasing an additional 30,924 shares during the period. Institutional investors and hedge funds own 62.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AEVA. Craig Hallum raised their target price on shares of Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Roth Mkm lifted their price target 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.

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.