Insider Selling: Aeva Technologies (NASDAQ:AEVA) CFO Sells 34,146 Shares

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 34,146 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $14.83, for a total transaction of $506,385.18. Following the sale, the chief financial officer directly owned 547,226 shares of the company’s stock, valued at approximately $8,115,361.58. This trade represents a 5.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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, August 18th, Saurabh Sinha sold 70,000 shares of Aeva Technologies stock. The stock was sold at an average price of $21.21, for a total transaction of $1,484,700.00.
• On Monday, July 27th, Saurabh Sinha sold 6,830 shares of Aeva Technologies stock. The stock was sold at an average price of $15.40, for a total transaction of $105,182.00.
• On Wednesday, July 8th, Saurabh Sinha sold 20,620 shares of Aeva Technologies stock. The shares were sold at an average price of $21.16, for a total transaction 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 transaction of $299,921.00.

Aeva Technologies Stock Up 2.8%

NASDAQ AEVA traded up $0.43 during trading hours on Friday, hitting $15.69. The company had a trading volume of 1,197,705 shares, compared to its average volume of 2,257,184. The company has a market capitalization of $989.10 million, a price-to-earnings ratio of -5.75 and a beta of 2.44. The company has a debt-to-equity ratio of 3.52, a current ratio of 7.85 and a quick ratio of 7.63. Aeva Technologies, Inc. has a fifty-two week low of $8.83 and a fifty-two week high of $31.30. The firm’s 50 day moving average is $19.67 and its 200 day moving average is $18.41.

Institutional Trading of Aeva Technologies

Large investors have recently modified their holdings of the company. Titan Global Capital Management USA LLC boosted its stake in Aeva Technologies by 95.1% during the 1st quarter. Titan Global Capital Management USA LLC now owns 159,743 shares of the company’s stock valued at $2,102,000 after purchasing an additional 77,856 shares during the period. Sona Asset Management US LLC acquired a new stake in shares of Aeva Technologies in the first quarter valued at approximately $987,000. Siren L.L.C. acquired a new stake in Aeva Technologies in the 1st quarter valued at approximately $1,448,000. Walleye Capital LLC acquired a new stake in Aeva Technologies in the 1st quarter valued at approximately $1,401,000. Finally, Handelsbanken Fonder AB raised its stake in Aeva Technologies by 158.3% during the 4th quarter. Handelsbanken Fonder AB now owns 1,445,409 shares of the company’s stock valued at $19,202,000 after acquiring an additional 885,774 shares in the last quarter. Institutional investors and hedge funds own 62.92% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Weiss Ratings downgraded Aeva Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, August 21st. Morgan Stanley increased their target price on shares of Aeva Technologies from $18.50 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Canaccord Genuity Group raised their price target on shares of Aeva Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Oppenheimer reaffirmed an “outperform” rating and set a $42.00 price objective on shares of Aeva Technologies in a research report on Thursday, August 6th. Finally, The Goldman Sachs Group initiated coverage on shares of Aeva Technologies in a research report on Monday, August 24th. They set a “neutral” rating and a $20.00 price objective for the company. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Aeva Technologies currently has an average rating of “Hold” and an average price target of $28.75.

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.