Saurabh Sinha Sells 6,830 Shares of Aeva Technologies (NASDAQ:AEVA) Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 6,830 shares of the stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $15.40, for a total value of $105,182.00. Following the completion of the transaction, the chief financial officer directly owned 651,372 shares of the company’s stock, valued at approximately $10,031,128.80. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 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 value of $299,921.00.
• On Tuesday, May 5th, Saurabh Sinha sold 5,643 shares of Aeva Technologies stock. The shares were sold at an average price of $15.04, for a total value of $84,870.72.

Aeva Technologies Stock Performance

Aeva Technologies stock opened at $16.52 on Friday. The company has a debt-to-equity ratio of 7.32, a current ratio of 4.09 and a quick ratio of 3.89. The stock has a fifty day moving average price of $22.26 and a two-hundred day moving average price of $17.69. Aeva Technologies, Inc. has a 52-week low of $8.83 and a 52-week high of $31.30. The firm has a market capitalization of $1.04 billion, a P/E ratio of -3.31 and a beta of 2.40.

Aeva Technologies (NASDAQ:AEVA) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.41) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.12. The company had revenue of $6.26 million for the quarter. As a group, analysts anticipate that Aeva Technologies, Inc. will post -2.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings upgraded shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Wall Street Zen lowered shares of Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.50.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Duquesne Family Office LLC acquired a new stake in shares of Aeva Technologies in the 3rd quarter valued at $26,670,000. Millennium Management LLC acquired a new position in shares of Aeva Technologies during the third quarter valued at $25,751,000. Delta Global Management LP lifted its stake in shares of Aeva Technologies by 29.7% during 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. boosted its holdings in Aeva Technologies by 12.5% in the third quarter. Vanguard Group Inc. now owns 1,576,930 shares of the company’s stock valued at $22,865,000 after acquiring an additional 175,482 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in Aeva Technologies by 158.3% in the fourth quarter. Handelsbanken Fonder AB now owns 1,445,409 shares of the company’s stock valued at $19,202,000 after acquiring an additional 885,774 shares during the last quarter. 62.92% of the stock is currently owned by institutional investors.

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.