Aeva Technologies (NASDAQ:AEVA) CFO Sells $1,484,700.00 in Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 70,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $21.21, for a total transaction of $1,484,700.00. Following the completion of the sale, the chief financial officer owned 581,372 shares in the company, valued at $12,330,900.12. This represents a 10.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, July 27th, Saurabh Sinha sold 6,830 shares of Aeva Technologies stock. The shares were sold at an average price of $15.40, for a total transaction of $105,182.00.
• On Wednesday, July 8th, Saurabh Sinha sold 20,620 shares of Aeva Technologies stock. The shares were sold at an average price of $21.16, for a total transaction of $436,319.20.
• On Thursday, July 2nd, Saurabh Sinha sold 11,212 shares of Aeva Technologies stock. The stock was sold at an average price of $26.75, for a total transaction of $299,921.00.

Aeva Technologies Stock Performance

Shares of AEVA opened at $18.29 on Friday. Aeva Technologies, Inc. has a 12-month low of $8.83 and a 12-month high of $31.30. The stock has a market cap of $1.15 billion, a P/E ratio of -6.70 and a beta of 2.47. The company has a current ratio of 7.85, a quick ratio of 7.63 and a debt-to-equity ratio of 3.52. The company has a 50-day moving average of $21.09 and a two-hundred day moving average of $18.19.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wall Street Zen downgraded Aeva Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 8th. Oppenheimer reiterated an “outperform” rating and set a $42.00 target price on shares of Aeva Technologies in a report on Thursday, August 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Aeva Technologies in a research report on Friday, August 7th. Morgan Stanley boosted their price target on Aeva Technologies from $18.50 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Finally, Canaccord Genuity Group upped their price objective on Aeva Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Two equities research 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 data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $31.67.

Institutional Investors Weigh In On Aeva Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of AEVA. Duquesne Family Office LLC acquired a new position in shares of Aeva Technologies in the third quarter valued at approximately $26,670,000. Millennium Management LLC acquired a new stake in Aeva Technologies during the third quarter worth approximately $25,751,000. Delta Global Management LP grew its stake in Aeva Technologies by 29.7% in the 4th quarter. Delta Global Management LP now owns 1,623,148 shares of the company’s stock worth $21,555,000 after acquiring an additional 372,159 shares during the period. Vanguard Group Inc. grew its stake in Aeva Technologies by 12.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,576,930 shares of the company’s stock worth $22,865,000 after acquiring an additional 175,482 shares during the period. Finally, Handelsbanken Fonder AB raised its holdings in Aeva Technologies by 158.3% in the 4th quarter. Handelsbanken Fonder AB now owns 1,445,409 shares of the company’s stock valued at $19,202,000 after acquiring an additional 885,774 shares during the last quarter. 62.92% of the stock is currently owned by hedge funds and other institutional investors.

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.