Soroush Salehian Dardashti Sells 30,514 Shares of Aeva Technologies (NASDAQ:AEVA) Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Salehian Dardashti sold 30,514 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $24.32, for a total transaction of $742,100.48. Following the completion of the sale, the chief executive officer owned 1,220,808 shares of the company’s stock, valued at $29,690,050.56. The trade was a 2.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, August 10th, Soroush Salehian Dardashti sold 219,486 shares of Aeva Technologies stock. The shares were sold at an average price of $24.03, for a total transaction of $5,274,248.58.
• On Monday, August 10th, Soroush Salehian Dardashti sold 55,099 shares of Aeva Technologies stock. The stock was sold at an average price of $24.02, for a total transaction of $1,323,477.98.
• On Monday, July 27th, Soroush Salehian Dardashti sold 10,304 shares of Aeva Technologies stock. The shares were sold at an average price of $15.40, for a total transaction of $158,681.60.
• On Wednesday, July 8th, Soroush Salehian Dardashti sold 64,821 shares of Aeva Technologies stock. The shares were sold at an average price of $21.16, for a total value of $1,371,612.36.
• On Tuesday, June 16th, Soroush Salehian Dardashti sold 50,000 shares of Aeva Technologies stock. The stock was 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 value of $5,536,824.93.

Aeva Technologies Price Performance

Shares of NASDAQ:AEVA opened at $22.42 on Friday. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -8.21 and a beta of 2.47. The business has a 50 day moving average price of $21.37 and a 200 day moving average price of $17.92. The company has a quick ratio of 7.63, a current ratio of 7.85 and a debt-to-equity ratio of 3.52. Aeva Technologies, Inc. has a twelve month low of $8.83 and a twelve month high of $31.30.

Institutional Trading of Aeva Technologies

Hedge funds have recently modified their holdings of the company. Duquesne Family Office LLC acquired a new stake in Aeva Technologies during the third quarter worth $26,670,000. Millennium Management LLC acquired a new position in shares of Aeva Technologies in the 3rd quarter valued at $25,751,000. Handelsbanken Fonder AB raised its stake in shares of Aeva Technologies by 158.3% in the 4th quarter. Handelsbanken Fonder AB now owns 1,445,409 shares of the company’s stock valued at $19,202,000 after buying an additional 885,774 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Aeva Technologies by 1,223.8% during the 2nd quarter. Invesco Ltd. now owns 614,411 shares of the company’s stock worth $23,219,000 after acquiring an additional 567,998 shares during the period. Finally, Delta Global Management LP lifted its holdings in shares of Aeva Technologies by 29.7% during the 4th quarter. Delta Global Management LP now owns 1,623,148 shares of the company’s stock worth $21,555,000 after acquiring an additional 372,159 shares during the period. Institutional investors own 62.92% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AEVA shares. Oppenheimer restated an “outperform” rating and issued a $42.00 price objective on shares of Aeva Technologies in a research note on Thursday, August 6th. Wall Street Zen cut shares of Aeva Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Aeva Technologies in a report on Friday, August 7th. Canaccord Genuity Group increased their price target on shares of Aeva Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Morgan Stanley raised their price target on shares of Aeva Technologies from $18.50 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Aeva Technologies currently has a consensus rating of “Hold” and an average price target of $31.67.

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.