Aeva Technologies (NASDAQ:AEVA) CFO Saurabh Sinha Sells 6,830 Shares

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 6,830 shares of Aeva Technologies stock in a transaction on Monday, July 27th. The shares were sold at an average price of $15.40, for a total transaction of $105,182.00. Following the transaction, the chief financial officer owned 651,372 shares in the company, valued at approximately $10,031,128.80. This trade represents a 1.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 Wednesday, July 8th, Saurabh Sinha sold 20,620 shares of Aeva Technologies stock. The stock was sold at an average price of $21.16, for a total value of $436,319.20.
• On Thursday, July 2nd, Saurabh Sinha sold 11,212 shares of Aeva Technologies stock. The stock was sold at an average price of $26.75, for a total value of $299,921.00.
• On Tuesday, May 5th, Saurabh Sinha sold 5,643 shares of Aeva Technologies stock. The shares were sold at an average price of $15.04, for a total value of $84,870.72.

Aeva Technologies Price Performance

Shares of Aeva Technologies stock traded down $0.71 during trading hours on Wednesday, hitting $13.99. The company’s stock had a trading volume of 1,225,655 shares, compared to its average volume of 1,503,341. The business has a 50 day moving average price of $22.36 and a two-hundred day moving average price of $17.71. Aeva Technologies, Inc. has a 12-month low of $8.83 and a 12-month high of $31.30. The company has a market cap of $881.93 million, a PE ratio of -2.80 and a beta of 2.40. 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 (NASDAQ:AEVA) last released 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 business had revenue of $6.26 million for the quarter. Analysts expect that Aeva Technologies, Inc. will post -2.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AEVA shares. Wall Street Zen lowered shares of Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings raised shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $21.50.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Aeva Technologies by 4.8% in 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. The Manufacturers Life Insurance Company grew its holdings in Aeva Technologies by 8.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,467 shares of the company’s stock valued at $433,000 after buying an additional 884 shares in the last quarter. Quantbot Technologies LP purchased a new position in Aeva Technologies during the 2nd quarter valued at approximately $36,000. Rockefeller Capital Management L.P. increased its stake in Aeva Technologies by 19.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 7,159 shares of the company’s stock worth $95,000 after acquiring an additional 1,159 shares during the last quarter. Finally, MetLife Investment Management LLC increased its stake in Aeva Technologies by 7.6% in the 4th quarter. MetLife Investment Management LLC now owns 20,001 shares of the company’s stock worth $266,000 after acquiring an additional 1,409 shares during the last quarter. Hedge funds and other institutional investors 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.