Insider Selling: Aeva Technologies (NASDAQ:AEVA) CEO Sells $5,274,248.58 in Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Salehian Dardashti sold 219,486 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $24.03, for a total transaction of $5,274,248.58. Following the sale, the chief executive officer owned 1,251,322 shares in the company, valued at approximately $30,069,267.66. This trade represents a 14.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Soroush Salehian Dardashti also recently made the following trade(s):

• On Tuesday, August 11th, Soroush Salehian Dardashti sold 30,514 shares of Aeva Technologies stock. The stock was sold at an average price of $24.32, for a total transaction of $742,100.48.
• On Monday, August 10th, Soroush Salehian Dardashti sold 55,099 shares of Aeva Technologies stock. The shares were sold at an average price of $24.02, for a total transaction of $1,323,477.98.
• On Monday, July 27th, Soroush Salehian Dardashti sold 10,304 shares of Aeva Technologies stock. The stock was sold at an average price of $15.40, for a total transaction of $158,681.60.
• On Wednesday, July 8th, Soroush Salehian Dardashti sold 64,821 shares of Aeva Technologies stock. The shares were sold at an average price of $21.16, for a total transaction of $1,371,612.36.
• On Tuesday, June 16th, Soroush Salehian Dardashti sold 50,000 shares of Aeva Technologies stock. The stock was 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 stock was sold at an average price of $24.57, for a total value of $5,536,824.93.

Aeva Technologies Stock Performance

Aeva Technologies stock traded up $1.10 during midday trading on Wednesday, reaching $25.16. 1,408,144 shares of the company traded hands, compared to its average volume of 1,883,984. Aeva Technologies, Inc. has a 12 month low of $8.83 and a 12 month high of $31.30. The company has a debt-to-equity ratio of 3.52, a current ratio of 7.85 and a quick ratio of 7.63. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of -9.22 and a beta of 2.47. The business has a 50 day moving average of $21.41 and a two-hundred day moving average of $17.88.

Wall Street Analysts Forecast Growth

AEVA has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Aeva Technologies in a research note on Friday, August 7th. Wall Street Zen lowered Aeva Technologies from a “sell” rating to a “strong sell” rating in a report on Saturday. Morgan Stanley raised their price target on shares of Aeva Technologies from $18.50 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Canaccord Genuity Group upped their price objective on shares of Aeva Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $42.00 price objective on shares of Aeva Technologies in a report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $31.67.

Hedge Funds Weigh In On Aeva Technologies

Several hedge funds have recently bought and sold shares of AEVA. Bank of New York Mellon Corp acquired a new position in Aeva Technologies in the 2nd quarter valued at about $2,382,000. Next Capital Management LLC purchased a new stake in Aeva Technologies during the 2nd quarter worth approximately $211,000. Bank of America Corp DE boosted its position in Aeva Technologies by 27.7% in the 1st quarter. Bank of America Corp DE now owns 110,005 shares of the company’s stock valued at $1,448,000 after buying an additional 23,856 shares during the period. Royal Bank of Canada boosted its holdings in Aeva Technologies by 51.7% in the first quarter. Royal Bank of Canada now owns 28,504 shares of the company’s stock valued at $375,000 after purchasing an additional 9,720 shares during the period. Finally, Quantinno Capital Management LP grew its stake in Aeva Technologies by 15.4% during the 1st quarter. Quantinno Capital Management LP now owns 24,141 shares of the company’s stock worth $318,000 after purchasing an additional 3,218 shares in the last quarter. Institutional investors and hedge funds own 62.92% of the company’s stock.

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.