Aeva Technologies (NASDAQ:AEVA) CFO Saurabh Sinha Sells 32,079 Shares

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 32,079 shares of Aeva Technologies stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $13.94, for a total value of $447,181.26. Following the sale, the chief financial officer directly owned 595,677 shares in the company, valued at approximately $8,303,737.38. This trade represents a 5.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, January 15th, Saurabh Sinha sold 60,000 shares of Aeva Technologies stock. The stock was sold at an average price of $20.64, for a total value of $1,238,400.00.
• 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 value of $388,479.65.
• On Friday, January 2nd, Saurabh Sinha sold 12,147 shares of Aeva Technologies stock. The shares were sold at an average price of $12.96, for a total value of $157,425.12.

Aeva Technologies Stock Down 2.3%

AEVA stock traded down $0.34 during trading on Friday, reaching $14.74. 644,416 shares of the company’s stock were exchanged, compared to its average volume of 3,209,619. Aeva Technologies, Inc. has a 1-year low of $2.52 and a 1-year high of $38.80. The firm has a market cap of $885.58 million, a PE ratio of -2.91 and a beta of 2.09. The company’s fifty day moving average price is $14.80 and its 200-day moving average price is $14.64.

Aeva Technologies (NASDAQ:AEVA) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.49) EPS for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.06. The company had revenue of $5.62 million for the quarter, compared to analyst estimates of $3.69 million. Aeva Technologies had a negative return on equity of 603.21% and a negative net margin of 804.40%. As a group, sell-side analysts expect that Aeva Technologies, Inc. will post -2.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 purchasing an additional 630 shares during the period. SBI Securities Co. Ltd. lifted its holdings in shares of Aeva Technologies by 4.8% in the second quarter. SBI Securities Co. Ltd. now owns 17,731 shares of the company’s stock valued at $670,000 after purchasing an additional 808 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Aeva Technologies by 8.4% in the second quarter. The Manufacturers Life Insurance Company now owns 11,467 shares of the company’s stock valued at $433,000 after purchasing an additional 884 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Aeva Technologies in the second quarter worth $36,000. Finally, Total Investment Management Inc. purchased a new position in shares of Aeva Technologies during the second quarter valued at $43,000. Institutional investors and hedge funds own 62.92% of the company’s stock.

Analysts Set New Price Targets

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

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.