Insider Selling: Aeva Technologies, Inc. (NYSE:AEVA) Director Sells 14,851 Shares of Stock

Aeva Technologies, Inc. (NYSE:AEVA) Director Stephen Paul Zadesky sold 14,851 shares of Aeva Technologies stock in a transaction on Friday, February 28th. The stock was sold at an average price of $3.50, for a total transaction of $51,978.50. Following the sale, the director now directly owns 83,764 shares of the company’s stock, valued at approximately $293,174. This trade represents a 15.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Aeva Technologies Price Performance

Shares of NYSE:AEVA opened at $3.31 on Thursday. Aeva Technologies, Inc. has a 12 month low of $2.20 and a 12 month high of $7.25. The firm has a market capitalization of $178.35 million, a P/E ratio of -1.07 and a beta of 1.41. The company’s fifty day moving average price is $4.24 and its 200 day moving average price is $3.87.

Institutional Trading of Aeva Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Parkwood LLC increased its position in Aeva Technologies by 415.7% during the fourth quarter. Parkwood LLC now owns 1,426,627 shares of the company’s stock worth $6,776,000 after buying an additional 1,150,000 shares during the period. Jane Street Group LLC grew its position in shares of Aeva Technologies by 2,490.3% during the fourth quarter. Jane Street Group LLC now owns 648,942 shares of the company’s stock worth $3,082,000 after acquiring an additional 623,889 shares during the last quarter. LPL Financial LLC acquired a new position in shares of Aeva Technologies in the 4th quarter valued at $451,000. Geode Capital Management LLC raised its position in Aeva Technologies by 14.2% in the 3rd quarter. Geode Capital Management LLC now owns 611,873 shares of the company’s stock valued at $2,013,000 after purchasing an additional 76,044 shares during the last quarter. Finally, Two Sigma Investments LP boosted its stake in Aeva Technologies by 308.6% during the 4th quarter. Two Sigma Investments LP now owns 74,288 shares of the company’s stock worth $353,000 after purchasing an additional 56,107 shares during the period. 62.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Roth Mkm raised their price target on Aeva Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Craig Hallum raised their target price on Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.53.

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.