Insider Selling: Aeva Technologies (NASDAQ:AEVA) CEO Sells 30,514 Shares of Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Salehian Dardashti sold 30,514 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $24.32, for a total transaction of $742,100.48. Following the sale, the chief executive officer directly owned 1,220,808 shares of the company’s stock, valued at $29,690,050.56. The trade was a 2.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, August 10th, Soroush Salehian Dardashti sold 219,486 shares of Aeva Technologies stock. The stock was sold at an average price of $24.03, for a total transaction of $5,274,248.58.
• On Monday, August 10th, Soroush Salehian Dardashti sold 55,099 shares of Aeva Technologies stock. The shares were sold at an average price of $24.02, for a total value of $1,323,477.98.
• On Monday, July 27th, Soroush Salehian Dardashti sold 10,304 shares of Aeva Technologies stock. The stock was sold at an average price of $15.40, for a total value of $158,681.60.
• On Wednesday, July 8th, Soroush Salehian Dardashti sold 64,821 shares of Aeva Technologies stock. The shares were sold at an average price of $21.16, for a total value of $1,371,612.36.
• On Tuesday, June 16th, Soroush Salehian Dardashti sold 50,000 shares of Aeva Technologies stock. The stock was sold at an average price of $24.57, for a total value of $1,228,500.00.
• On Tuesday, June 16th, Soroush Salehian Dardashti sold 225,349 shares of Aeva Technologies stock. The stock was sold at an average price of $24.57, for a total transaction of $5,536,824.93.

Aeva Technologies Trading Up 4.6%

Shares of AEVA traded up $1.10 during trading hours on Wednesday, reaching $25.16. 1,408,144 shares of the company traded hands, compared to its average volume of 1,883,984. Aeva Technologies, Inc. has a 12 month low of $8.83 and a 12 month high of $31.30. The company has a quick ratio of 7.63, a current ratio of 7.85 and a debt-to-equity ratio of 3.52. The company’s fifty day moving average price is $21.41 and its two-hundred day moving average price is $17.88. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of -9.22 and a beta of 2.47.

Analyst Ratings Changes

Several research firms recently weighed in on AEVA. Wall Street Zen lowered Aeva Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aeva Technologies in a research report on Friday, August 7th. Canaccord Genuity Group increased their price target on shares of Aeva Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Oppenheimer reissued an “outperform” rating and set a $42.00 price objective on shares of Aeva Technologies in a research note on Thursday, August 6th. Finally, Morgan Stanley upped their price objective 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. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.67.

Institutional Trading of Aeva Technologies

A number of large investors have recently made changes to their positions in the stock. Quantbot Technologies LP grew its stake in shares of Aeva Technologies by 122.8% during the 3rd quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock valued at $30,000 after acquiring an additional 1,157 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Aeva Technologies during the 4th quarter worth approximately $33,000. Jones Financial Companies Lllp lifted its holdings 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 purchasing an additional 5,469 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Aeva Technologies during the fourth quarter valued at approximately $47,000. Finally, Daiwa Securities Group Inc. boosted its position in shares of Aeva Technologies by 79.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,339 shares of the company’s stock worth $58,000 after purchasing an additional 1,922 shares during the period. 62.92% of the stock is currently owned by institutional investors.

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.