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

Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Salehian Dardashti sold 64,821 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $21.16, for a total transaction of $1,371,612.36. Following the sale, the chief executive officer owned 1,595,136 shares of the company’s stock, valued at $33,753,077.76. This represents a 3.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 shares were sold at an average price of $24.57, for a total value of $5,536,824.93.
• On Tuesday, May 5th, Soroush Salehian Dardashti sold 41,083 shares of Aeva Technologies stock. The stock was sold at an average price of $15.04, for a total value of $617,888.32.

Aeva Technologies Trading Down 4.7%

AEVA stock traded down $1.04 during midday trading on Friday, hitting $20.99. 1,044,631 shares of the company’s stock were exchanged, compared to its average volume of 2,092,468. The business has a 50-day simple moving average of $22.65 and a two-hundred day simple moving average of $17.47. The company has a current ratio of 4.09, a quick ratio of 3.89 and a debt-to-equity ratio of 7.32. The stock has a market capitalization of $1.32 billion, a PE ratio of -4.21 and a beta of 2.40. Aeva Technologies, Inc. has a 1-year low of $8.83 and a 1-year high of $33.24.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AEVA. Quantbot Technologies LP purchased a new position in shares of Aeva Technologies during the second quarter worth $36,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Aeva Technologies in the fourth quarter valued at $33,000. Daiwa Securities Group Inc. purchased a new stake in shares of Aeva Technologies in the 2nd quarter valued at $100,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Aeva Technologies in the 4th quarter valued at $47,000. Finally, Tower Research Capital LLC TRC lifted its stake in Aeva Technologies by 127.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,311 shares of the company’s stock worth $163,000 after acquiring an additional 2,419 shares in the last quarter. 62.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AEVA shares. Weiss Ratings raised shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Wall Street Zen cut shares of Aeva Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Two investment 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 data from MarketBeat.com, Aeva Technologies presently has a consensus rating of “Hold” and a consensus target price of $25.33.

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.