Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Sells $2,690,000.00 in Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Salehian Dardashti sold 200,000 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $13.45, for a total value of $2,690,000.00. Following the transaction, the chief executive officer directly owned 2,134,808 shares of the company’s stock, valued at $28,713,167.60. The trade was a 8.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, July 7th, Soroush Salehian Dardashti sold 69,901 shares of Aeva Technologies stock. The stock was sold at an average price of $30.53, for a total value of $2,134,077.53.
• On Monday, May 19th, Soroush Salehian Dardashti sold 250,000 shares of Aeva Technologies stock. The stock was sold at an average price of $15.70, for a total value of $3,925,000.00.

Aeva Technologies Price Performance

Shares of NASDAQ AEVA opened at $13.28 on Friday. The company has a market capitalization of $748.06 million, a price-to-earnings ratio of -2.41 and a beta of 1.94. The business has a 50-day moving average of $24.45 and a two-hundred day moving average of $13.42. Aeva Technologies, Inc. has a 1 year low of $2.36 and a 1 year high of $38.80.

Aeva Technologies (NASDAQ:AEVA) last posted its earnings results on Thursday, July 31st. The company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.53) by ($0.02). Aeva Technologies had a negative net margin of 2,178.31% and a negative return on equity of 287.71%. The firm had revenue of $5.51 million during the quarter, compared to analysts’ expectations of $3.40 million. As a group, equities research analysts expect that Aeva Technologies, Inc. will post -2.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AEVA. Morgan Stanley boosted their target price on Aeva Technologies from $11.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Wall Street Zen raised Aeva Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Roth Capital boosted their target price on Aeva Technologies from $17.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, June 17th. Oppenheimer lifted their price target on Aeva Technologies from $18.00 to $33.00 and gave the stock an “outperform” rating in a report on Wednesday, July 16th. Finally, Canaccord Genuity Group lifted their price target on Aeva Technologies from $9.50 to $16.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Aeva Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $18.33.

Institutional Trading of Aeva Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Aeva Technologies by 92.2% in the 2nd quarter. GAMMA Investing LLC now owns 865 shares of the company’s stock valued at $33,000 after purchasing an additional 415 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Aeva Technologies in the 2nd quarter valued at about $36,000. AlphaQuest LLC purchased a new stake in shares of Aeva Technologies in the 2nd quarter valued at about $51,000. Nisa Investment Advisors LLC lifted its holdings in shares of Aeva Technologies by 356.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,122 shares of the company’s stock valued at $80,000 after purchasing an additional 1,657 shares during the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Aeva Technologies in the 2nd quarter valued at about $100,000. 62.92% of the stock is owned by hedge funds and other institutional investors.

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.