Aeva Technologies (NASDAQ:AEVA) CEO Soroush Salehian Dardashti Sells 250,000 Shares

Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Salehian Dardashti sold 250,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $13.45, for a total transaction of $3,362,500.00. Following the completion of the sale, the chief executive officer owned 1,884,808 shares of the company’s stock, valued at $25,350,667.60. This trade represents a 11.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, November 5th, Soroush Salehian Dardashti sold 39,702 shares of Aeva Technologies stock. The shares were sold at an average price of $13.64, for a total transaction of $541,535.28.
• On Wednesday, August 13th, Soroush Salehian Dardashti sold 200,000 shares of Aeva Technologies stock. The stock was sold at an average price of $13.45, for a total transaction of $2,690,000.00.

Aeva Technologies Price Performance

Shares of NASDAQ:AEVA opened at $13.60 on Tuesday. Aeva Technologies, Inc. has a 1 year low of $2.52 and a 1 year high of $38.80. The business has a 50 day simple moving average of $15.92 and a two-hundred day simple moving average of $18.29. The firm has a market capitalization of $766.09 million, a PE ratio of -2.56 and a beta of 2.04.

Aeva Technologies (NASDAQ:AEVA) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.46) earnings per share for the quarter. Aeva Technologies had a negative return on equity of 753.07% and a negative net margin of 1,031.15%.The business had revenue of $3.58 million during the quarter. Equities research analysts expect that Aeva Technologies, Inc. will post -2.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AEVA shares. Morgan Stanley upped their target price on Aeva Technologies from $11.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, August 1st. Oppenheimer lifted their price objective on Aeva Technologies from $18.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, July 16th. Wall Street Zen cut shares of Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Aeva Technologies in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $24.50.

Hedge Funds Weigh In On Aeva Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in AEVA. GAMMA Investing LLC raised its holdings in Aeva Technologies by 92.2% in the second quarter. GAMMA Investing LLC now owns 865 shares of the company’s stock worth $33,000 after purchasing an additional 415 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Aeva Technologies in the 2nd quarter worth approximately $36,000. Total Investment Management Inc. bought a new position in shares of Aeva Technologies during the 2nd quarter worth approximately $43,000. AlphaQuest LLC purchased a new stake in Aeva Technologies during the second quarter valued at approximately $51,000. Finally, Nisa Investment Advisors LLC lifted its position in Aeva Technologies by 356.3% during the second quarter. Nisa Investment Advisors LLC now owns 2,122 shares of the company’s stock valued at $80,000 after acquiring an additional 1,657 shares during the last quarter. Hedge funds and other institutional investors own 62.92% of the company’s stock.

About Aeva Technologies

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.