Aeva Technologies, Inc. (NYSE:AEVA) Director Stephen Paul Zadesky Sells 14,851 Shares

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

Aeva Technologies Price Performance

AEVA stock opened at $3.25 on Wednesday. Aeva Technologies, Inc. has a one year low of $2.20 and a one year high of $7.25. The stock has a market cap of $175.12 million, a price-to-earnings ratio of -1.05 and a beta of 1.39. The company has a fifty day moving average price of $4.26 and a two-hundred day moving average price of $3.87.

Institutional Trading of Aeva Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC lifted its position in Aeva Technologies by 276.4% during the third quarter. Barclays PLC now owns 29,910 shares of the company’s stock worth $98,000 after acquiring an additional 21,964 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Aeva Technologies by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 211,452 shares of the company’s stock worth $696,000 after purchasing an additional 8,007 shares during the period. PFG Investments LLC acquired a new stake in Aeva Technologies during the 4th quarter worth approximately $48,000. Geode Capital Management LLC boosted its stake 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 period. Finally, State Street Corp grew its holdings in Aeva Technologies by 5.5% in the 3rd 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 in the last quarter. Institutional investors own 62.92% of the company’s stock.

Analyst Upgrades and Downgrades

AEVA has been the subject of a number of recent analyst reports. Roth Mkm increased their price target on shares of 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 shares of Aeva Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Aeva Technologies has an average rating of “Moderate Buy” and an average price target 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.