Aeva Technologies (NASDAQ:AEVA) CEO Soroush Salehian Dardashti Sells 41,083 Shares

Aeva Technologies, Inc. (NASDAQ:AEVAGet Free Report) CEO Soroush Salehian Dardashti sold 41,083 shares of Aeva Technologies stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $15.04, for a total value of $617,888.32. Following the completion of the transaction, the chief executive officer owned 1,725,329 shares of the company’s stock, valued at approximately $25,948,948.16. This trade represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Aeva Technologies Trading Down 17.6%

NASDAQ:AEVA opened at $13.66 on Friday. The firm has a market cap of $860.31 million, a PE ratio of -2.74 and a beta of 2.20. The stock has a fifty day moving average price of $14.60 and a 200 day moving average price of $14.33. 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 4.28, a quick ratio of 4.12 and a debt-to-equity ratio of 7.32.

Key Headlines Impacting Aeva Technologies

Here are the key news stories impacting Aeva Technologies this week:

Institutional Trading of Aeva Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Flight Deck Capital LP acquired a new stake in Aeva Technologies in the third quarter valued at $7,084,000. Delta Global Management LP acquired a new stake in Aeva Technologies in the third quarter valued at $18,139,000. Handelsbanken Fonder AB raised its stake in Aeva Technologies by 3,299.6% in the third quarter. Handelsbanken Fonder AB now owns 559,635 shares of the company’s stock valued at $8,115,000 after buying an additional 543,173 shares in the last quarter. Melqart Asset Management UK Ltd acquired a new stake in shares of Aeva Technologies during the third quarter worth about $5,471,000. Finally, Federated Hermes Inc. acquired a new stake in shares of Aeva Technologies during the third quarter worth about $1,173,000. 62.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AEVA has been the topic of a number of analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Aeva Technologies in a research note on Friday, March 27th. Wall Street Zen upgraded Aeva Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $26.50.

Read Our Latest Research Report on Aeva Technologies

Aeva Technologies Company Profile

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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.

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Insider Buying and Selling by Quarter for Aeva Technologies (NASDAQ:AEVA)

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