Aeva Technologies (NASDAQ:AEVA) CFO Sells $506,385.18 in Stock

Aeva Technologies, Inc. (NASDAQ:AEVAGet Free Report) CFO Saurabh Sinha sold 34,146 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $14.83, for a total transaction of $506,385.18. Following the completion of the transaction, the chief financial officer owned 547,226 shares of the company’s stock, valued at $8,115,361.58. This represents a 5.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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, August 18th, Saurabh Sinha sold 70,000 shares of Aeva Technologies stock. The shares were sold at an average price of $21.21, for a total value of $1,484,700.00.
  • On Monday, July 27th, Saurabh Sinha sold 6,830 shares of Aeva Technologies stock. The stock was sold at an average price of $15.40, for a total transaction of $105,182.00.
  • On Wednesday, July 8th, Saurabh Sinha sold 20,620 shares of Aeva Technologies stock. The stock was sold at an average price of $21.16, for a total value of $436,319.20.
  • On Thursday, July 2nd, Saurabh Sinha sold 11,212 shares of Aeva Technologies stock. The shares were sold at an average price of $26.75, for a total transaction of $299,921.00.

Aeva Technologies Trading Up 2.8%

Shares of NASDAQ:AEVA traded up $0.43 during mid-day trading on Friday, hitting $15.69. The stock had a trading volume of 1,197,705 shares, compared to its average volume of 2,257,184. The company’s 50 day moving average is $19.67 and its 200-day moving average is $18.41. The company has a debt-to-equity ratio of 3.52, a quick ratio of 7.63 and a current ratio of 7.85. Aeva Technologies, Inc. has a 12-month low of $8.83 and a 12-month high of $31.30. The company has a market cap of $989.10 million, a PE ratio of -5.75 and a beta of 2.44.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AEVA shares. Canaccord Genuity Group lifted their target price on Aeva Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Oppenheimer restated an “outperform” rating and set a $42.00 price target on shares of Aeva Technologies in a report on Thursday, August 6th. Weiss Ratings downgraded shares of Aeva Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, August 21st. Wall Street Zen lowered shares of Aeva Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Finally, Morgan Stanley increased their target price on shares of Aeva Technologies from $18.50 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Aeva Technologies currently has a consensus rating of “Hold” and a consensus price target of $28.75.

Read Our Latest Analysis on AEVA

Institutional Trading of Aeva Technologies

A number of institutional investors and hedge funds have recently modified their holdings of AEVA. Quantbot Technologies LP bought a new stake in Aeva Technologies during the 2nd quarter valued at approximately $36,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Aeva Technologies during the 4th quarter worth approximately $33,000. Daiwa Securities Group Inc. bought a new stake in shares of Aeva Technologies during the second quarter valued at approximately $100,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Aeva Technologies during the fourth quarter valued at approximately $47,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Aeva Technologies by 127.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,311 shares of the company’s stock valued at $163,000 after purchasing an additional 2,419 shares in the last quarter. 62.92% of the stock is currently owned by institutional investors and hedge funds.

About Aeva Technologies

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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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