Insider Selling: Aeva Technologies (NASDAQ:AEVA) CFO Sells $436,319.20 in Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 20,620 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $21.16, for a total value of $436,319.20. Following the transaction, the chief financial officer directly owned 658,202 shares of the company’s stock, valued at $13,927,554.32. The trade was a 3.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Thursday, July 2nd, Saurabh Sinha sold 11,212 shares of Aeva Technologies stock. The stock was sold at an average price of $26.75, for a total value of $299,921.00.
• On Tuesday, May 5th, Saurabh Sinha sold 5,643 shares of Aeva Technologies stock. The stock was sold at an average price of $15.04, for a total value of $84,870.72.

Aeva Technologies Price Performance

AEVA opened at $20.99 on Monday. The company has a debt-to-equity ratio of 7.32, a quick ratio of 3.89 and a current ratio of 4.09. Aeva Technologies, Inc. has a 52-week low of $8.83 and a 52-week high of $33.24. The stock has a market capitalization of $1.32 billion, a PE ratio of -4.21 and a beta of 2.40. The stock’s 50 day moving average price is $22.65 and its 200-day moving average price is $17.49.

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

Wall Street Analyst Weigh In

Several brokerages have commented on AEVA. Wall Street Zen lowered shares of Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings raised shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Two 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 company. According to MarketBeat, Aeva Technologies currently has an average rating of “Hold” and a consensus target price of $25.33.

Hedge Funds Weigh In On Aeva Technologies

Institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in shares of Aeva Technologies by 29.2% during the first quarter. AQR Capital Management LLC now owns 20,849 shares of the company’s stock valued at $146,000 after purchasing an additional 4,707 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Aeva Technologies by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock worth $96,000 after purchasing an additional 630 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Aeva Technologies by 27,345.0% in the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock worth $38,000 after buying an additional 5,469 shares during the last quarter. Prudential Financial Inc. purchased a new position in Aeva Technologies in the second quarter worth about $446,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Aeva Technologies in the second quarter worth approximately $1,239,000. Institutional investors own 62.92% of the company’s stock.

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.