Aeva Technologies (NASDAQ:AEVA) CEO Soroush Salehian Dardashti Sells 219,486 Shares of Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Salehian Dardashti sold 219,486 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $24.03, for a total transaction of $5,274,248.58. Following the sale, the chief executive officer owned 1,251,322 shares of the company’s stock, valued at $30,069,267.66. This trade represents a 14.92% decrease in their position. 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 Tuesday, August 11th, Soroush Salehian Dardashti sold 30,514 shares of Aeva Technologies stock. The shares were sold at an average price of $24.32, for a total transaction of $742,100.48.
• On Monday, August 10th, Soroush Salehian Dardashti sold 55,099 shares of Aeva Technologies stock. The stock was sold at an average price of $24.02, for a total transaction of $1,323,477.98.
• On Monday, July 27th, Soroush Salehian Dardashti sold 10,304 shares of Aeva Technologies stock. The stock was sold at an average price of $15.40, for a total transaction of $158,681.60.
• On Wednesday, July 8th, Soroush Salehian Dardashti sold 64,821 shares of Aeva Technologies stock. The shares were sold at an average price of $21.16, for a total transaction of $1,371,612.36.
• On Tuesday, June 16th, Soroush Salehian Dardashti sold 50,000 shares of Aeva Technologies stock. The shares were sold at an average price of $24.57, for a total value of $1,228,500.00.
• On Tuesday, June 16th, Soroush Salehian Dardashti sold 225,349 shares of Aeva Technologies stock. The stock was sold at an average price of $24.57, for a total value of $5,536,824.93.

Aeva Technologies Stock Up 4.6%

Shares of Aeva Technologies stock traded up $1.10 on Wednesday, hitting $25.16. The company had a trading volume of 1,408,144 shares, compared to its average volume of 1,883,984. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of -9.22 and a beta of 2.47. Aeva Technologies, Inc. has a 1 year low of $8.83 and a 1 year high of $31.30. The stock has a 50 day moving average of $21.41 and a 200-day moving average of $17.88. The company has a debt-to-equity ratio of 3.52, a quick ratio of 7.63 and a current ratio of 7.85.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new stake in shares of Aeva Technologies in the 2nd quarter worth approximately $2,382,000. Next Capital Management LLC purchased a new position in shares of Aeva Technologies during the second quarter valued at approximately $211,000. Bank of America Corp DE boosted its stake in shares of Aeva Technologies by 27.7% during the 1st quarter. Bank of America Corp DE now owns 110,005 shares of the company’s stock valued at $1,448,000 after purchasing an additional 23,856 shares in the last quarter. Royal Bank of Canada lifted its holdings in Aeva Technologies by 51.7% in the first quarter. Royal Bank of Canada now owns 28,504 shares of the company’s stock worth $375,000 after buying an additional 9,720 shares during the period. Finally, Quantinno Capital Management LP grew its holdings in shares of Aeva Technologies by 15.4% during the 1st quarter. Quantinno Capital Management LP now owns 24,141 shares of the company’s stock worth $318,000 after acquiring an additional 3,218 shares during the period. 62.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AEVA. Morgan Stanley raised their price objective on Aeva Technologies from $18.50 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Canaccord Genuity Group raised their price target on shares of Aeva Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aeva Technologies in a research report on Friday, August 7th. Oppenheimer reissued an “outperform” rating and set a $42.00 target price on shares of Aeva Technologies in a research report on Thursday, August 6th. Finally, Wall Street Zen downgraded Aeva Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $31.67.

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.