Mina Rezk, the Chief Technology Officer of Aeva Technologies, Inc. (NYSE:AEVA), recently sold a portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Rezk sold 7,300 shares of common stock on April 1, 2025. The shares were sold at a weighted average price of $7.501, resulting in a total transaction value of $54,757. The transaction comes as AEVA trades near its 52-week high of $7.53, having gained over 120% in the past six months.
Following the sale, Rezk retains ownership of 8,689,369 shares indirectly through a trust, and 663,590 shares directly. The transaction was conducted under a pre-arranged trading plan, as indicated in the filing. InvestingPro data shows the company maintains a FAIR financial health score, with analysts setting price targets ranging from $5.22 to $9.50.
Investors often pay close attention to insider transactions like these as they can provide insights into the executive’s perceptions of the company’s future performance. For deeper insights into insider trading patterns and comprehensive analysis, InvestingPro subscribers can access detailed reports covering over 1,400 US stocks, including AEVA.
In other recent news, Aeva Technologies reported its financial results for the fourth quarter of 2024, showing a full-year revenue of $9.1 million and a non-GAAP operating loss of $123.2 million. The company aims for significant revenue growth in 2025, targeting $15-18 million. Aeva has also been chosen by Sensys Gatso Australia as the exclusive supplier of LiDAR technology for mobile speed enforcement solutions, enhancing road safety in Australia. Additionally, Aeva announced the appointment of finance expert Katherine Motlagh to its Board of Directors, aiming to leverage her extensive experience in the automotive and industrial sectors. Analyst George Gianarikas from Canaccord initiated coverage on Aeva with a buy rating, highlighting the company’s strong position in Frequency Modulated Continuous Wave LiDAR technology. Meanwhile, Morgan Stanley (NYSE:MS) increased its price target for Aeva to $5.22, maintaining an Equalweight rating, citing the company’s progress and potential market impact. Investors have responded positively to these developments, reflecting confidence in Aeva’s strategic initiatives and growth prospects.
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