Saurabh Sinha Sells 11,212 Shares of Aeva Technologies (NASDAQ:AEVA) Stock

Aeva Technologies, Inc. (NASDAQ:AEVAGet Free Report) CFO Saurabh Sinha sold 11,212 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $26.75, for a total transaction of $299,921.00. Following the completion of the sale, the chief financial officer directly owned 678,822 shares of the company’s stock, valued at approximately $18,158,488.50. The trade was a 1.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 Tuesday, May 5th, Saurabh Sinha sold 5,643 shares of Aeva Technologies stock. The shares were sold at an average price of $15.04, for a total transaction of $84,870.72.

Aeva Technologies Price Performance

Shares of AEVA stock traded down $3.82 on Thursday, reaching $23.98. 2,660,962 shares of the company were exchanged, compared to its average volume of 2,449,921. Aeva Technologies, Inc. has a 1 year low of $8.83 and a 1 year high of $34.48. The company has a debt-to-equity ratio of 7.32, a quick ratio of 3.89 and a current ratio of 4.09. The business has a 50-day moving average price of $21.86 and a 200 day moving average price of $17.13. The company has a market cap of $1.51 billion, a price-to-earnings ratio of -4.81 and a beta of 2.40.

Aeva Technologies (NASDAQ:AEVAGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.41) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.12. The company had revenue of $6.26 million during the quarter. Equities research analysts forecast that Aeva Technologies, Inc. will post -2.25 earnings per share for the current fiscal year.

Institutional Trading of Aeva Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of AEVA. Bank of America Corp DE raised its holdings in shares of Aeva Technologies by 27.7% during the 1st quarter. Bank of America Corp DE now owns 110,005 shares of the company’s stock worth $1,448,000 after acquiring an additional 23,856 shares during the period. Royal Bank of Canada grew its holdings in shares of 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. Quantinno Capital Management LP increased its position in Aeva Technologies by 15.4% during the first 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 during the last quarter. Sona Asset Management US LLC purchased a new position in Aeva Technologies during the first quarter worth about $987,000. Finally, Siren L.L.C. acquired a new position in Aeva Technologies in the 1st quarter valued at about $1,448,000. 62.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AEVA shares. Wall Street Zen cut shares of Aeva Technologies from a “hold” rating to a “sell” rating in a research 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 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. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $25.33.

Read Our Latest Analysis on Aeva Technologies

Aeva Technologies Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Aeva Technologies (NASDAQ:AEVA)

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