Aeva Technologies (NASDAQ:AEVA) CEO Soroush Salehian Dardashti Sells 64,821 Shares

Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Salehian Dardashti sold 64,821 shares of Aeva Technologies stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $21.16, for a total value of $1,371,612.36. Following the transaction, the chief executive officer directly owned 1,595,136 shares in the company, valued at approximately $33,753,077.76. The trade was a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Soroush Salehian Dardashti also recently made the following trade(s):

• On Tuesday, June 16th, Soroush Salehian Dardashti sold 50,000 shares of Aeva Technologies stock. The shares were sold at an average price of $24.57, for a total value of $1,228,500.00.
• On Tuesday, June 16th, Soroush Salehian Dardashti sold 225,349 shares of Aeva Technologies stock. The stock was sold at an average price of $24.57, for a total transaction of $5,536,824.93.
• On Tuesday, May 5th, Soroush Salehian Dardashti sold 41,083 shares of Aeva Technologies stock. The shares were sold at an average price of $15.04, for a total transaction of $617,888.32.

Aeva Technologies Price Performance

Shares of AEVA traded down $1.04 during mid-day trading on Friday, reaching $20.99. The stock had a trading volume of 1,044,631 shares, compared to its average volume of 2,092,468. The business has a fifty day moving average of $22.65 and a 200 day moving average of $17.47. The company has a debt-to-equity ratio of 7.32, a quick ratio of 3.89 and a current ratio of 4.09. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -4.21 and a beta of 2.40. Aeva Technologies, Inc. has a 12 month low of $8.83 and a 12 month high of $33.24.

Aeva Technologies (NASDAQ:AEVA) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.41) EPS for the quarter, beating the consensus estimate of ($0.53) by $0.12. The firm had revenue of $6.26 million for the quarter. Equities analysts predict that Aeva Technologies, Inc. will post -2.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AEVA. Wall Street Zen lowered Aeva Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings raised Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Two 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 company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $25.33.

Institutional Trading of Aeva Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE lifted its stake in Aeva Technologies by 27.7% in the 1st quarter. Bank of America Corp DE now owns 110,005 shares of the company’s stock worth $1,448,000 after purchasing an additional 23,856 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Aeva Technologies by 51.7% in the first quarter. Royal Bank of Canada now owns 28,504 shares of the company’s stock worth $375,000 after purchasing an additional 9,720 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of Aeva Technologies by 15.4% in the first quarter. Quantinno Capital Management LP now owns 24,141 shares of the company’s stock worth $318,000 after buying an additional 3,218 shares in the last quarter. Sona Asset Management US LLC purchased a new stake in shares of Aeva Technologies in the first quarter worth about $987,000. Finally, Siren L.L.C. bought a new position in Aeva Technologies during the first quarter valued at approximately $1,448,000. 62.92% of the stock is currently owned by 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.