Aeva Technologies (NASDAQ:AEVA) CFO Sells $74,392.56 in Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 5,454 shares of the stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $13.64, for a total value of $74,392.56. Following the completion of the transaction, the chief financial officer owned 768,598 shares in the company, valued at approximately $10,483,676.72. The trade was a 0.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Saurabh Sinha also recently made the following trade(s):

• On Wednesday, September 3rd, Saurabh Sinha sold 36,658 shares of Aeva Technologies stock. The stock was sold at an average price of $13.80, for a total value of $505,880.40.
• On Monday, August 18th, Saurabh Sinha sold 160,000 shares of Aeva Technologies stock. The shares were sold at an average price of $13.33, for a total transaction of $2,132,800.00.

Aeva Technologies Trading Up 0.9%

Shares of NASDAQ:AEVA opened at $13.06 on Friday. The firm has a 50 day simple moving average of $15.94 and a 200-day simple moving average of $18.08. Aeva Technologies, Inc. has a twelve month low of $2.52 and a twelve month high of $38.80. The company has a market capitalization of $735.67 million, a PE ratio of -2.45 and a beta of 2.04.

Aeva Technologies (NASDAQ:AEVA) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.46) EPS for the quarter. Aeva Technologies had a negative return on equity of 753.07% and a negative net margin of 1,031.15%.The company had revenue of $3.58 million for the quarter. As a group, equities research analysts predict that Aeva Technologies, Inc. will post -2.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Aeva Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in Aeva Technologies by 92.2% during the 2nd quarter. GAMMA Investing LLC now owns 865 shares of the company’s stock worth $33,000 after buying an additional 415 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Aeva Technologies during the second quarter worth about $36,000. Jones Financial Companies Lllp raised its holdings in Aeva Technologies by 27,345.0% during the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock worth $38,000 after purchasing an additional 5,469 shares in the last quarter. Total Investment Management Inc. acquired a new stake in Aeva Technologies in the second quarter valued at about $43,000. Finally, AlphaQuest LLC acquired a new stake in Aeva Technologies in the second quarter valued at about $51,000. 62.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AEVA shares. Oppenheimer upped their target price on Aeva Technologies from $18.00 to $33.00 and gave the company an “outperform” rating in a research report on Wednesday, July 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aeva Technologies in a research note on Wednesday, October 8th. Morgan Stanley raised their target price on shares of Aeva Technologies from $11.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. Finally, Wall Street Zen cut shares of Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Aeva Technologies currently has an average rating of “Hold” and an average target price of $24.50.

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.