Soroush Salehian Dardashti Sells 225,349 Shares of Aeva Technologies (NASDAQ:AEVA) Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Salehian Dardashti sold 225,349 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $24.57, for a total value of $5,536,824.93. Following the completion of the sale, the chief executive officer directly owned 1,659,957 shares of the company’s stock, valued at approximately $40,785,143.49. This represents a 11.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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, May 5th, Soroush Salehian Dardashti sold 41,083 shares of Aeva Technologies stock. The shares were sold at an average price of $15.04, for a total value of $617,888.32.

Aeva Technologies Stock Down 1.8%

Shares of NASDAQ AEVA traded down $0.44 during mid-day trading on Wednesday, reaching $23.49. 1,400,715 shares of the company traded hands, compared to its average volume of 2,563,026. The stock has a market cap of $1.48 billion, a PE ratio of -4.71 and a beta of 2.41. The company’s fifty day moving average is $19.71 and its two-hundred day moving average is $16.36. The company has a debt-to-equity ratio of 7.32, a quick ratio of 3.89 and a current ratio of 4.09. Aeva Technologies, Inc. has a fifty-two week low of $8.83 and a fifty-two week high of $38.80.

Institutional Trading of Aeva Technologies

Hedge funds have recently modified their holdings of the company. Duquesne Family Office LLC bought a new position in shares of Aeva Technologies during the 3rd quarter worth approximately $26,670,000. Millennium Management LLC acquired a new stake in shares of Aeva Technologies during the third quarter worth $25,751,000. Delta Global Management LP acquired a new stake in shares of Aeva Technologies during the third quarter worth $18,139,000. Handelsbanken Fonder AB grew its stake in shares of Aeva Technologies by 158.3% during the fourth quarter. Handelsbanken Fonder AB now owns 1,445,409 shares of the company’s stock worth $19,202,000 after purchasing an additional 885,774 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Aeva Technologies by 1,223.8% during the second quarter. Invesco Ltd. now owns 614,411 shares of the company’s stock worth $23,219,000 after purchasing an additional 567,998 shares during the period. Institutional investors own 62.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on AEVA shares. Weiss Ratings raised Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Wall Street Zen lowered Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $25.33.

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.