Insider Selling: Aeva Technologies (NASDAQ:AEVA) CEO Sells $158,681.60 in Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Salehian Dardashti sold 10,304 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $15.40, for a total transaction of $158,681.60. Following the sale, the chief executive officer directly owned 1,584,832 shares in the company, valued at $24,406,412.80. The trade was a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Soroush Salehian Dardashti also recently made the following trade(s):

• 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 transaction 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 transaction of $5,536,824.93.
• On Tuesday, May 5th, Soroush Salehian Dardashti sold 41,083 shares of Aeva Technologies stock. The stock was sold at an average price of $15.04, for a total transaction of $617,888.32.

Aeva Technologies Stock Performance

Shares of Aeva Technologies stock opened at $17.54 on Friday. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -3.52 and a beta of 2.40. Aeva Technologies, Inc. has a twelve month low of $8.83 and a twelve month high of $31.30. The company’s fifty day moving average is $22.10 and its 200 day moving average is $17.69. The company has a quick ratio of 3.89, a current ratio of 4.09 and a debt-to-equity ratio of 7.32.

Aeva Technologies (NASDAQ:AEVA) last announced its earnings results on Wednesday, May 6th. The company reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.53) by $0.12. The company had revenue of $6.26 million for the quarter. Sell-side analysts forecast that Aeva Technologies, Inc. will post -2.26 EPS for the current year.

Hedge Funds Weigh In On Aeva Technologies

A number of hedge funds have recently bought and sold shares of AEVA. Duquesne Family Office LLC acquired a new position in Aeva Technologies in the third quarter valued at $26,670,000. Millennium Management LLC bought a new stake in Aeva Technologies during the third quarter valued at $25,751,000. Delta Global Management LP grew its holdings in Aeva Technologies by 29.7% during the 4th quarter. Delta Global Management LP now owns 1,623,148 shares of the company’s stock worth $21,555,000 after acquiring an additional 372,159 shares during the period. Vanguard Group Inc. grew its holdings in Aeva Technologies by 12.5% during the 3rd 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 period. Finally, Handelsbanken Fonder AB raised its position in shares of Aeva Technologies by 158.3% in the 4th 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 in the last quarter. Institutional investors own 62.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AEVA shares. Wall Street Zen cut Aeva Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings raised Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Aeva Technologies presently has an average rating of “Hold” and an average price target of $24.00.

About Aeva Technologies

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.