Saurabh Sinha Sells 48,086 Shares of Aeva Technologies (NASDAQ:AEVA) Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 48,086 shares of Aeva Technologies stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $9.97, for a total value of $479,417.42. Following the sale, the chief financial officer owned 720,512 shares in the company, valued at $7,183,504.64. This trade represents a 6.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, November 5th, Saurabh Sinha sold 5,454 shares of Aeva Technologies stock. The shares were sold at an average price of $13.64, for a total value of $74,392.56.
• On Wednesday, September 3rd, Saurabh Sinha sold 36,658 shares of Aeva Technologies stock. The shares were sold at an average price of $13.80, for a total value of $505,880.40.

Aeva Technologies Price Performance

Shares of NASDAQ AEVA traded down $0.12 during mid-day trading on Friday, reaching $9.81. 2,291,185 shares of the company’s stock were exchanged, compared to its average volume of 2,179,251. The firm has a 50-day moving average price of $15.16 and a two-hundred day moving average price of $18.31. The firm has a market capitalization of $589.38 million, a price-to-earnings ratio of -1.84 and a beta of 2.04. Aeva Technologies, Inc. has a 52 week low of $2.52 and a 52 week high of $38.80.

Aeva Technologies (NASDAQ:AEVA) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.46) earnings per share for the quarter. The company had revenue of $3.58 million for the quarter. Aeva Technologies had a negative net margin of 1,031.15% and a negative return on equity of 603.21%. As a group, sell-side analysts forecast that Aeva Technologies, Inc. will post -2.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in Aeva Technologies by 92.2% during the 2nd quarter. GAMMA Investing LLC now owns 865 shares of the company’s stock valued at $33,000 after acquiring an additional 415 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 valued at $96,000 after purchasing an additional 630 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Aeva Technologies by 4.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 17,731 shares of the company’s stock valued at $670,000 after purchasing an additional 808 shares during the period. The Manufacturers Life Insurance Company lifted 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 worth $433,000 after purchasing an additional 884 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Aeva Technologies during the 2nd quarter worth about $36,000. 62.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Aeva Technologies in a research note on Monday. Wall Street Zen downgraded Aeva Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Morgan Stanley upped their price target on Aeva Technologies from $11.00 to $19.00 and gave the company an “equal weight” rating in a research report on Friday, August 1st. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $24.50.

About Aeva Technologies

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.