Insider Selling: Aeva Technologies (NASDAQ:AEVA) CFO Sells 20,609 Shares of Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 20,609 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $18.85, for a total value of $388,479.65. Following the completion of the sale, the chief financial officer directly owned 687,756 shares in the company, valued at $12,964,200.60. This represents a 2.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Saurabh Sinha also recently made the following trade(s):

• On Friday, January 2nd, Saurabh Sinha sold 12,147 shares of Aeva Technologies stock. The shares were sold at an average price of $12.96, for a total transaction of $157,425.12.
• On Wednesday, November 19th, Saurabh Sinha sold 48,086 shares of Aeva Technologies stock. The stock was sold at an average price of $9.97, for a total transaction of $479,417.42.
• On Wednesday, November 5th, Saurabh Sinha sold 5,454 shares of Aeva Technologies stock. The stock was sold at an average price of $13.64, for a total value of $74,392.56.

Aeva Technologies Price Performance

Shares of AEVA traded up $0.80 during trading hours on Tuesday, reaching $19.90. 3,080,846 shares of the company’s stock traded hands, compared to its average volume of 3,262,559. Aeva Technologies, Inc. has a twelve month low of $2.52 and a twelve month high of $38.80. The business’s fifty day simple moving average is $13.38 and its two-hundred day simple moving average is $16.78. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -3.74 and a beta of 2.08.

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

Wall Street Analysts Forecast Growth

AEVA has been the topic of several research reports. Wall Street Zen cut shares of Aeva Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Canaccord Genuity Group reiterated a “buy” rating and issued a $24.00 target price on shares of Aeva Technologies in a report on Thursday, December 4th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Aeva Technologies in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.50.

Institutional Trading of Aeva Technologies

A number of institutional investors have recently bought and sold shares of AEVA. Quantbot Technologies LP grew its holdings in Aeva Technologies by 122.8% during the third quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock valued at $30,000 after purchasing an additional 1,157 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Aeva Technologies by 92.2% during the 2nd quarter. GAMMA Investing LLC now owns 865 shares of the company’s stock worth $33,000 after buying an additional 415 shares during the period. Jones Financial Companies Lllp grew its stake in Aeva Technologies by 27,345.0% in the 1st quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock valued at $38,000 after buying an additional 5,469 shares during the last quarter. Total Investment Management Inc. bought a new position in Aeva Technologies in the 2nd quarter worth $43,000. Finally, AlphaQuest LLC acquired a new position in Aeva Technologies during the 2nd quarter worth $51,000. Institutional investors and hedge funds own 62.92% of the company’s stock.

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.