Aeva Technologies (NASDAQ:AEVA) CFO Saurabh Sinha Sells 11,212 Shares

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 11,212 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $26.75, for a total transaction of $299,921.00. Following the completion of the sale, the chief financial officer owned 678,822 shares in the company, valued at $18,158,488.50. This represents a 1.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Saurabh Sinha also recently made the following trade(s):

• On Tuesday, May 5th, Saurabh Sinha sold 5,643 shares of Aeva Technologies stock. The shares were sold at an average price of $15.04, for a total transaction of $84,870.72.

Aeva Technologies Price Performance

NASDAQ AEVA opened at $23.98 on Friday. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of -4.81 and a beta of 2.40. Aeva Technologies, Inc. has a 1-year low of $8.83 and a 1-year high of $34.48. The company has a debt-to-equity ratio of 7.32, a current ratio of 4.09 and a quick ratio of 3.89. The business’s fifty day moving average price is $21.86 and its 200-day moving average price is $17.13.

Aeva Technologies (NASDAQ:AEVA) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.53) by $0.12. The firm had revenue of $6.26 million during the quarter. On average, equities analysts predict that Aeva Technologies, Inc. will post -2.25 earnings per share for the current year.

Institutional Investors Weigh In On Aeva Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in Aeva Technologies by 27.7% in the 1st quarter. Bank of America Corp DE now owns 110,005 shares of the company’s stock worth $1,448,000 after purchasing an additional 23,856 shares during the period. Royal Bank of Canada grew its holdings in Aeva Technologies by 51.7% during the first quarter. Royal Bank of Canada now owns 28,504 shares of the company’s stock valued at $375,000 after purchasing an additional 9,720 shares during the period. Quantinno Capital Management LP increased its position in Aeva Technologies by 15.4% in the first quarter. Quantinno Capital Management LP now owns 24,141 shares of the company’s stock worth $318,000 after buying an additional 3,218 shares in the last quarter. Sona Asset Management US LLC purchased a new stake in Aeva Technologies in the first quarter worth about $987,000. Finally, Siren L.L.C. bought a new position in shares of Aeva Technologies in the first quarter worth about $1,448,000. 62.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AEVA shares. Weiss Ratings upgraded Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note 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 analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Aeva Technologies presently has an average rating of “Hold” and a consensus price target of $25.33.

About Aeva Technologies

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.