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Mina Rezk, Chief Technology Officer of Aeva Technologies, Inc. (NYSE:AEVA), recently sold shares of the company with a total value of $406,025. The transactions occurred on April 10 and April 11, 2025, and involved a total of 53,784 shares of common stock. These shares were sold at prices ranging from $7.5058 to $7.577 per share. The sales come amid strong momentum for AEVA stock, which has surged over 108% in the past six months and shows significant volatility according to InvestingPro data.
Following these transactions, Rezk holds 8,635,585 shares indirectly through a trust and 663,590 shares directly. The sales were executed in multiple transactions, with the price per share reflecting a weighted average. Rezk has committed to providing detailed information about the sales to the Securities and Exchange Commission or any interested shareholders upon request. With AEVA’s next earnings report scheduled for May 7, 2025, InvestingPro subscribers can access comprehensive insider trading analysis and 17 additional key insights about the company’s performance and outlook.
In other recent news, Aeva Technologies has been in the spotlight with several notable developments. The company announced the appointment of finance veteran Katherine Motlagh to its Board of Directors, aiming to leverage her extensive financial expertise as it gears up for mass production. Aeva also secured a partnership with Sensys Gatso Australia to provide its 4D LiDAR technology for mobile speed enforcement solutions, enhancing road safety measures in Australia. On the financial front, Oppenheimer maintained its Outperform rating for Aeva, with a price target of $6.00, citing the company’s progress in customer engagements and expanding market presence. Morgan Stanley (NYSE:MS) also updated its outlook, raising Aeva’s price target to $5.22 while maintaining an Equalweight rating, acknowledging the company’s product execution and potential market significance.
Additionally, Canaccord initiated coverage with a buy rating, setting a price target of $9.50 and highlighting Aeva’s strong position in the autonomous driving technology sector. Analysts from both Oppenheimer and Canaccord noted the company’s recent achievements, including a development agreement with a leading auto OEM and anticipated design wins. These developments reflect Aeva’s strategic moves to capitalize on industry trends and expand its market footprint. As the company continues to navigate its capital needs and secure customer adoption, investors are closely watching its trajectory in the evolving autonomous driving sector.
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