Stephen Paul Zadesky Sells 2,984 Shares of Aeva Technologies (NASDAQ:AEVA) Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) Director Stephen Paul Zadesky sold 2,984 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $25.41, for a total value of $75,823.44. Following the sale, the director owned 92,898 shares in the company, valued at $2,360,538.18. The trade was a 3.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Aeva Technologies Price Performance

Shares of AEVA traded down $1.73 during midday trading on Tuesday, reaching $23.54. The stock had a trading volume of 1,440,928 shares, compared to its average volume of 2,461,456. The company’s 50-day moving average is $20.62 and its 200 day moving average is $16.72. Aeva Technologies, Inc. has a 12-month low of $8.83 and a 12-month high of $38.80. The company has a current ratio of 4.09, a quick ratio of 3.89 and a debt-to-equity ratio of 7.32. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -4.72 and a beta of 2.41.

Hedge Funds Weigh In On Aeva Technologies

A number of large investors have recently bought and sold shares of AEVA. Flight Deck Capital LP purchased a new position in shares of Aeva Technologies in the third quarter worth $7,084,000. Delta Global Management LP purchased a new stake in Aeva Technologies during the 3rd quarter valued at $18,139,000. Handelsbanken Fonder AB grew its holdings in Aeva Technologies by 3,299.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 559,635 shares of the company’s stock worth $8,115,000 after acquiring an additional 543,173 shares during the last quarter. Melqart Asset Management UK Ltd bought a new stake in Aeva Technologies in the 3rd quarter worth $5,471,000. Finally, BBR Partners LLC purchased a new position in shares of Aeva Technologies in the fourth quarter valued at about $531,000. 62.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AEVA shares. Weiss Ratings upgraded shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Wall Street Zen cut shares of Aeva Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Aeva Technologies presently has an average rating of “Hold” and a consensus target price of $25.33.

Aeva Technologies Company Profile

Aeva Technologies, Inc is a technology company specializing in the development and commercialization of advanced sensing and perception solutions based on frequency-modulated continuous wave (FMCW) LiDAR. Headquartered in Mountain View, California, Aeva’s core products include solid-state LiDAR sensors and perception software designed to provide high-resolution, long-range 4D data for automotive, industrial and robotic applications. The company’s FMCW approach enables simultaneous measurement of both object velocity and distance, distinguishing Aeva’s systems from traditional time-of-flight LiDAR solutions.

Founded in 2016 by Soroush Salehian and Mina Rezk, Aeva began as Aeon Imaging before adopting its current name in 2019.