Aeva Technologies, Inc. (NYSE:AEVA) CEO Soroush Salehian Dardashti Sells 200,000 Shares

Aeva Technologies, Inc. (NYSE:AEVA) CEO Soroush Salehian Dardashti sold 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $5.36, for a total value of $1,072,000.00. Following the transaction, the chief executive officer now directly owns 3,764,808 shares of the company’s stock, valued at $20,179,370.88. This trade represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Aeva Technologies Stock Performance

NYSE:AEVA opened at $5.80 on Thursday. The stock has a market cap of $312.52 million, a price-to-earnings ratio of -1.88 and a beta of 1.41. Aeva Technologies, Inc. has a 1 year low of $2.20 and a 1 year high of $5.81. The business has a fifty day moving average of $3.87 and a 200-day moving average of $3.92.

Hedge Funds Weigh In On Aeva Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. PFG Investments LLC acquired a new stake in shares of Aeva Technologies in the 4th quarter worth approximately $48,000. Intech Investment Management LLC bought a new position in Aeva Technologies during the 4th quarter valued at $52,000. Squarepoint Ops LLC acquired a new position in shares of Aeva Technologies during the 4th quarter valued at $54,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Aeva Technologies in the 4th quarter worth $63,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Aeva Technologies in the fourth quarter valued at $78,000. Institutional investors own 62.92% of the company’s stock.

Analysts Set New Price Targets

AEVA has been the subject of a number of recent research reports. Oppenheimer upped their price objective on Aeva Technologies from $5.00 to $6.00 and gave the stock an “outperform” rating in a research note on Thursday, March 20th. Morgan Stanley lifted their price objective on shares of Aeva Technologies from $4.87 to $5.22 and gave the company an “equal weight” rating in a research report on Friday, March 21st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.81.

Aeva Technologies Company Profile

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.