Saurabh Sinha Sells 70,000 Shares of Aeva Technologies (NASDAQ:AEVA) Stock

Aeva Technologies, Inc. (NASDAQ:AEVAGet Free Report) CFO Saurabh Sinha sold 70,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $21.21, for a total value of $1,484,700.00. Following the completion of the sale, the chief financial officer directly owned 581,372 shares of the company’s stock, valued at approximately $12,330,900.12. The trade was a 10.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Saurabh Sinha also recently made the following trade(s):

  • On Monday, July 27th, Saurabh Sinha sold 6,830 shares of Aeva Technologies stock. The shares were 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 shares were 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 stock was sold at an average price of $26.75, for a total value of $299,921.00.

Aeva Technologies Stock Performance

AEVA traded down $0.91 during trading on Thursday, reaching $18.87. 1,409,537 shares of the company’s stock were exchanged, compared to its average volume of 1,951,591. Aeva Technologies, Inc. has a fifty-two week low of $8.83 and a fifty-two week high of $31.30. The company has a market capitalization of $1.19 billion, a P/E ratio of -6.91 and a beta of 2.47. The business has a 50 day moving average price of $21.22 and a 200 day moving average price of $18.19. The company has a quick ratio of 7.63, a current ratio of 7.85 and a debt-to-equity ratio of 3.52.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Canaccord Genuity Group increased their price target on shares of Aeva Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Morgan Stanley lifted their price objective 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. Oppenheimer reaffirmed an “outperform” rating and set a $42.00 target price on shares of Aeva Technologies in a report on Thursday, August 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aeva Technologies in a research note on Friday, August 7th. Finally, Wall Street Zen cut shares of Aeva Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Aeva Technologies has an average rating of “Hold” and a consensus target price of $31.67.

View Our Latest Research Report on AEVA

Institutional Trading of Aeva Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of AEVA. AQR Capital Management LLC boosted its stake in shares of Aeva Technologies by 29.2% during the first quarter. AQR Capital Management LLC now owns 20,849 shares of the company’s stock valued at $146,000 after purchasing an additional 4,707 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Aeva Technologies by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock valued at $96,000 after buying an additional 630 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Aeva Technologies by 27,345.0% in the 1st quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock valued at $38,000 after acquiring an additional 5,469 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of Aeva Technologies in the 2nd quarter worth about $446,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Aeva Technologies in the second quarter valued at approximately $1,239,000. Institutional investors own 62.92% of the company’s stock.

About Aeva Technologies

(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.

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