Insider Selling: Aeva Technologies, Inc. (NYSE:AEVA) CEO Sells 250,000 Shares of Stock

Aeva Technologies, Inc. (NYSE:AEVA) CEO Soroush Salehian Dardashti sold 250,000 shares of Aeva Technologies stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $15.70, for a total value of $3,925,000.00. Following the transaction, the chief executive officer now owns 3,514,808 shares of the company’s stock, valued at approximately $55,182,485.60. This represents a 6.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Wednesday, March 26th, Soroush Salehian Dardashti sold 200,000 shares of Aeva Technologies stock. The shares were sold at an average price of $5.36, for a total value of $1,072,000.00.

Aeva Technologies Stock Performance

Shares of AEVA traded down $2.86 during trading hours on Monday, hitting $15.58. 5,526,320 shares of the stock were exchanged, compared to its average volume of 625,205. Aeva Technologies, Inc. has a 12-month low of $2.20 and a 12-month high of $20.38. The company has a market cap of $857.06 million, a price-to-earnings ratio of -5.04 and a beta of 1.07. The stock’s 50-day moving average price is $7.61 and its two-hundred day moving average price is $5.36.

Analyst Ratings Changes

A number of analysts have recently commented on AEVA shares. Roth Capital boosted their price objective on Aeva Technologies from $6.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday. Canaccord Genuity Group boosted their price objective on Aeva Technologies from $9.50 to $16.00 and gave the company a “buy” rating in a research report on Thursday. Morgan Stanley boosted their price objective on Aeva Technologies from $5.22 to $11.00 and gave the company an “equal weight” rating in a research report on Monday, May 12th. Finally, Oppenheimer boosted their price objective on Aeva Technologies from $9.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $12.33.

Institutional Trading of Aeva Technologies

Several large investors have recently made changes to their positions in AEVA. Jones Financial Companies Lllp boosted its stake in Aeva Technologies by 27,345.0% during the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock worth $38,000 after buying an additional 5,469 shares during the last quarter. PFG Investments LLC acquired a new position in Aeva Technologies during the 4th quarter worth about $48,000. Intech Investment Management LLC acquired a new position in Aeva Technologies during the 4th quarter worth about $52,000. Squarepoint Ops LLC acquired a new stake in Aeva Technologies in the 4th quarter valued at about $54,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Aeva Technologies in the 4th quarter valued at about $63,000. 62.92% of the stock is currently 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.