Aeva Technologies (NASDAQ:AEVA) CFO Saurabh Sinha Sells 60,000 Shares of Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $20.64, for a total transaction of $1,238,400.00. Following the sale, the chief financial officer owned 627,756 shares in the company, valued at $12,956,883.84. The trade was a 8.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Friday, January 9th, Saurabh Sinha sold 20,609 shares of Aeva Technologies stock. The shares were sold at an average price of $18.85, for a total transaction of $388,479.65.
• On Friday, January 2nd, Saurabh Sinha sold 12,147 shares of Aeva Technologies stock. The stock was sold at an average price of $12.96, for a total value of $157,425.12.
• On Wednesday, November 19th, Saurabh Sinha sold 48,086 shares of Aeva Technologies stock. The shares were sold at an average price of $9.97, for a total value of $479,417.42.
• On Wednesday, November 5th, Saurabh Sinha sold 5,454 shares of Aeva Technologies stock. The stock was sold at an average price of $13.64, for a total value of $74,392.56.

Aeva Technologies Stock Down 4.2%

Shares of NASDAQ AEVA opened at $19.82 on Friday. The company has a market cap of $1.19 billion, a P/E ratio of -3.73 and a beta of 2.08. Aeva Technologies, Inc. has a 52 week low of $2.52 and a 52 week high of $38.80. The business has a 50-day simple moving average of $13.66 and a two-hundred day simple moving average of $16.83.

Aeva Technologies (NASDAQ:AEVA) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.46) earnings per share (EPS) for the quarter. The firm had revenue of $3.58 million during the quarter. Aeva Technologies had a negative return on equity of 603.21% and a negative net margin of 1,031.15%. Equities research analysts anticipate that Aeva Technologies, Inc. will post -2.7 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AEVA. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $24.00 price target on shares of Aeva Technologies in a report on Thursday, December 4th. Wall Street Zen lowered Aeva Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Aeva Technologies in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $26.50.

Institutional Investors Weigh In On Aeva Technologies

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Aeva Technologies by 92.2% during the second quarter. GAMMA Investing LLC now owns 865 shares of the company’s stock worth $33,000 after purchasing an additional 415 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Aeva Technologies by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock worth $96,000 after buying an additional 630 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in Aeva Technologies by 4.8% in the second quarter. SBI Securities Co. Ltd. now owns 17,731 shares of the company’s stock worth $670,000 after buying an additional 808 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Aeva Technologies by 8.4% during the second quarter. The Manufacturers Life Insurance Company now owns 11,467 shares of the company’s stock valued at $433,000 after acquiring an additional 884 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Aeva Technologies during the second quarter worth approximately $36,000. Hedge funds and other institutional investors own 62.92% of the company’s stock.

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.