Aeva Technologies (NASDAQ:AEVA) Shares Up 11.9% – Here’s What Happened

Aeva Technologies, Inc. (NASDAQ:AEVA) shot up 11.9% on Monday . The stock traded as high as $15.21 and last traded at $15.19. 1,065,222 shares changed hands during trading, a decline of 54% from the average session volume of 2,340,304 shares. The stock had previously closed at $13.57.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AEVA. Wall Street Zen raised Aeva Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings raised Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $26.50.

Aeva Technologies Stock Performance

The company has a 50-day simple moving average of $14.75 and a 200 day simple moving average of $14.31. The company has a debt-to-equity ratio of 7.32, a current ratio of 4.09 and a quick ratio of 4.12.

Insider Transactions at Aeva Technologies

In other news, CEO Soroush Salehian Dardashti sold 41,083 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $15.04, for a total transaction of $617,888.32. Following the transaction, the chief executive officer owned 1,725,329 shares of the company’s stock, valued at approximately $25,948,948.16. This represents a 2.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Saurabh Sinha sold 32,079 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $13.94, for a total value of $447,181.26. Following the transaction, the chief financial officer directly owned 595,677 shares in the company, valued at $8,303,737.38. The trade was a 5.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 106,194 shares of company stock valued at $1,561,871. 36.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Aeva Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Aeva Technologies by 4.8% in the first 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 last quarter. The Manufacturers Life Insurance Company raised its stake 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 worth $433,000 after purchasing an additional 884 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Aeva Technologies in the second quarter worth about $36,000. Rockefeller Capital Management L.P. raised its stake in shares of Aeva Technologies by 19.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 7,159 shares of the company’s stock worth $95,000 after purchasing an additional 1,159 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of Aeva Technologies by 7.6% in the fourth quarter. MetLife Investment Management LLC now owns 20,001 shares of the company’s stock worth $266,000 after purchasing an additional 1,409 shares during the last quarter. 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.