Aeva Technologies (NASDAQ:AEVA) CEO Sells $3,362,500.00 in Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Salehian Dardashti sold 250,000 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $13.45, for a total transaction of $3,362,500.00. Following the transaction, the chief executive officer owned 1,884,808 shares in the company, valued at $25,350,667.60. The trade was a 11.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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.
• On Wednesday, August 13th, Soroush Salehian Dardashti sold 200,000 shares of Aeva Technologies stock. The stock was sold at an average price of $13.45, for a total value of $2,690,000.00.

Aeva Technologies Price Performance

NASDAQ AEVA opened at $11.27 on Thursday. The business has a 50 day moving average price of $15.82 and a 200 day moving average price of $18.27. The company has a market capitalization of $677.10 million, a P/E ratio of -2.12 and a beta of 2.04. Aeva Technologies, Inc. has a 1-year low of $2.52 and a 1-year high of $38.80.

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

Hedge Funds Weigh In On Aeva Technologies

Institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP boosted its stake in Aeva Technologies by 122.8% in the 3rd quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock worth $30,000 after buying an additional 1,157 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Aeva Technologies by 3,299.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 559,635 shares of the company’s stock worth $8,115,000 after acquiring an additional 543,173 shares during the period. Abbot Financial Management Inc. purchased a new position in shares of Aeva Technologies during the 3rd quarter worth about $371,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Aeva Technologies in the third quarter worth approximately $491,000. Finally, Vanguard Group Inc. grew 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 purchasing an additional 175,482 shares during the period. 62.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Oppenheimer lifted their target price on shares of Aeva Technologies from $18.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Aeva Technologies in a research report on Wednesday, October 8th. Morgan Stanley increased their target price on Aeva Technologies from $11.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Finally, Wall Street Zen downgraded Aeva Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Aeva Technologies has an average rating of “Hold” and a consensus target price of $24.50.

About Aeva Technologies

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.