Insider Selling: Aeva Technologies (NASDAQ:AEVA) CEO Sells 488,160 Shares of Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Salehian Dardashti sold 488,160 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $12.96, for a total value of $6,326,553.60. Following the transaction, the chief executive officer owned 1,831,199 shares of the company’s stock, valued at approximately $23,732,339.04. The trade was a 21.05% decrease in their ownership of the stock. The transaction 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 Monday, November 10th, Soroush Salehian Dardashti sold 250,000 shares of Aeva Technologies stock. The shares were sold at an average price of $13.45, for a total value of $3,362,500.00.
• On Wednesday, November 5th, Soroush Salehian Dardashti sold 39,702 shares of Aeva Technologies stock. The stock was sold at an average price of $13.64, for a total value of $541,535.28.

Aeva Technologies Price Performance

Shares of AEVA traded up $0.34 during mid-day trading on Monday, hitting $13.09. 2,871,123 shares of the company’s stock were exchanged, compared to its average volume of 1,401,437. Aeva Technologies, Inc. has a 52 week low of $2.52 and a 52 week high of $38.80. The company has a market cap of $786.45 million, a PE ratio of -2.46 and a beta of 2.08. The company has a 50-day simple moving average of $13.07 and a 200 day simple moving average of $17.28.

Aeva Technologies (NASDAQ:AEVA) last announced its earnings results on Wednesday, November 5th. The company reported ($0.46) EPS for the quarter. The business had revenue of $3.58 million for the quarter. Aeva Technologies had a negative return on equity of 603.21% and a negative net margin of 1,031.15%. On average, analysts anticipate that Aeva Technologies, Inc. will post -2.7 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AEVA shares. Canaccord Genuity Group reiterated a “buy” rating and set a $24.00 target price on shares of Aeva Technologies in a report on Thursday, December 4th. Wall Street Zen lowered Aeva Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Aeva Technologies in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Aeva Technologies has an average rating of “Hold” and an average price target of $26.50.

Institutional Trading of Aeva Technologies

A number of hedge funds have recently made changes to their positions in AEVA. Quantbot Technologies LP increased its holdings in Aeva Technologies by 122.8% in the 3rd quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock valued at $30,000 after buying an additional 1,157 shares during the period. GAMMA Investing LLC raised its position in Aeva Technologies by 92.2% during the second quarter. GAMMA Investing LLC now owns 865 shares of the company’s stock valued at $33,000 after purchasing an additional 415 shares in the last quarter. Jones Financial Companies Lllp lifted 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 purchasing an additional 5,469 shares during the last quarter. Total Investment Management Inc. acquired a new stake in shares of Aeva Technologies in the 2nd quarter valued at $43,000. Finally, AlphaQuest LLC bought a new stake in shares of Aeva Technologies during the 2nd quarter worth $51,000. 62.92% of the stock is owned by institutional investors and hedge funds.

Aeva Technologies Company Profile

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.