Aeva Technologies (NASDAQ:AEVA) Director Sells $75,823.44 in Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) Director Stephen Paul Zadesky sold 2,984 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $25.41, for a total value of $75,823.44. Following the transaction, the director directly owned 92,898 shares in the company, valued at approximately $2,360,538.18. This represents a 3.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Aeva Technologies Stock Up 0.5%

AEVA opened at $20.15 on Friday. The business has a 50 day moving average price of $20.87 and a 200 day moving average price of $16.79. Aeva Technologies, Inc. has a twelve month low of $8.83 and a twelve month high of $38.80. 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 firm has a market cap of $1.27 billion, a P/E ratio of -4.04 and a beta of 2.41.

Institutional Trading of Aeva Technologies

Several hedge funds have recently added to or reduced their stakes in the business. Duquesne Family Office LLC bought a new position in Aeva Technologies in the 3rd quarter worth approximately $26,670,000. Millennium Management LLC bought a new stake in shares of Aeva Technologies in the third quarter valued at approximately $25,751,000. Delta Global Management LP boosted its position in shares of Aeva Technologies by 29.7% in the fourth quarter. Delta Global Management LP now owns 1,623,148 shares of the company’s stock valued at $21,555,000 after acquiring an additional 372,159 shares during the period. Vanguard Group Inc. grew its stake in shares of Aeva Technologies by 12.5% in the third quarter. Vanguard Group Inc. now owns 1,576,930 shares of the company’s stock worth $22,865,000 after acquiring an additional 175,482 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its stake in shares of Aeva Technologies by 158.3% in the fourth quarter. Handelsbanken Fonder AB now owns 1,445,409 shares of the company’s stock worth $19,202,000 after acquiring an additional 885,774 shares during the last quarter. Institutional investors own 62.92% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Weiss Ratings raised shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Wall Street Zen downgraded shares of Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $25.33.

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.