Aeva Technologies (NASDAQ:AEVA) CFO Saurabh Sinha Sells 70,000 Shares of Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 70,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $21.21, for a total transaction of $1,484,700.00. Following the transaction, the chief financial officer owned 581,372 shares of the company’s stock, valued at approximately $12,330,900.12. This represents a 10.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, July 27th, Saurabh Sinha sold 6,830 shares of Aeva Technologies stock. The shares were sold at an average price of $15.40, for a total value of $105,182.00.
• On Wednesday, July 8th, Saurabh Sinha sold 20,620 shares of Aeva Technologies stock. The shares were sold at an average price of $21.16, for a total value of $436,319.20.
• On Thursday, July 2nd, Saurabh Sinha sold 11,212 shares of Aeva Technologies stock. The shares were sold at an average price of $26.75, for a total value of $299,921.00.

Aeva Technologies Price Performance

Aeva Technologies stock opened at $18.87 on Friday. The company has a debt-to-equity ratio of 3.52, a quick ratio of 7.63 and a current ratio of 7.85. Aeva Technologies, Inc. has a 52 week low of $8.83 and a 52 week high of $31.30. The stock has a market capitalization of $1.19 billion, a P/E ratio of -6.91 and a beta of 2.47. The stock has a fifty day moving average of $21.22 and a 200-day moving average of $18.19.

Institutional Investors Weigh In On Aeva Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of AEVA. Quantbot Technologies LP raised its position in Aeva Technologies by 122.8% in the third quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock valued at $30,000 after purchasing an additional 1,157 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Aeva Technologies during the fourth quarter worth about $33,000. Jones Financial Companies Lllp grew its holdings in shares of 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 during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Aeva Technologies during the fourth quarter worth about $47,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of Aeva Technologies by 79.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,339 shares of the company’s stock valued at $58,000 after buying an additional 1,922 shares during the period. Institutional investors own 62.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AEVA shares. Oppenheimer reissued an “outperform” rating and issued a $42.00 target price on shares of Aeva Technologies in a report on Thursday, August 6th. Canaccord Genuity Group lifted 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aeva Technologies in a research report on Friday, August 7th. Morgan Stanley increased their price objective on shares of Aeva Technologies from $18.50 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Finally, Wall Street Zen lowered shares of Aeva Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 8th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Aeva Technologies currently has an average rating of “Hold” and a consensus target price of $31.67.

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.