Saurabh Sinha Sells 11,212 Shares of Aeva Technologies (NASDAQ:AEVA) Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 11,212 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $26.75, for a total value of $299,921.00. Following the completion of the transaction, the chief financial officer directly owned 678,822 shares of the company’s stock, valued at approximately $18,158,488.50. The trade was a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, May 5th, Saurabh Sinha sold 5,643 shares of Aeva Technologies stock. The stock was sold at an average price of $15.04, for a total transaction of $84,870.72.

Aeva Technologies Stock Down 13.7%

AEVA traded down $3.82 during trading on Thursday, hitting $23.98. The stock had a trading volume of 2,660,962 shares, compared to its average volume of 2,449,921. The company has a market capitalization of $1.51 billion, a PE ratio of -4.81 and a beta of 2.40. Aeva Technologies, Inc. has a twelve month low of $8.83 and a twelve month high of $34.48. The company has a debt-to-equity ratio of 7.32, a quick ratio of 3.89 and a current ratio of 4.09. The stock has a 50 day simple moving average of $21.86 and a two-hundred day simple moving average of $17.13.

Aeva Technologies (NASDAQ:AEVA) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.41) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.12. The business had revenue of $6.26 million for the quarter. On average, research analysts predict that Aeva Technologies, Inc. will post -2.25 earnings per share for the current year.

Institutional Trading of Aeva Technologies

A number of hedge funds have recently modified their holdings of AEVA. AQR Capital Management LLC boosted its position in Aeva Technologies by 29.2% in the 1st quarter. AQR Capital Management LLC now owns 20,849 shares of the company’s stock worth $146,000 after purchasing an additional 4,707 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Aeva Technologies by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock worth $96,000 after buying an additional 630 shares in the last quarter. Jones Financial Companies Lllp grew its position in Aeva Technologies by 27,345.0% during the first 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 period. Prudential Financial Inc. acquired a new position in shares of Aeva Technologies in the second quarter worth about $446,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Aeva Technologies during the 2nd quarter worth about $1,239,000. Hedge funds and other institutional investors own 62.92% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on AEVA. Wall Street Zen cut Aeva Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Two 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. According to data from MarketBeat.com, the company presently has an average 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.