Aeva Technologies Target of Unusually High Options Trading (NASDAQ:AEVA)

Aeva Technologies, Inc. (NASDAQ:AEVA) was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 5,820 call options on the stock. This represents an increase of 214% compared to the average volume of 1,851 call options.

Analyst Ratings Changes

Several research firms have issued reports on AEVA. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aeva Technologies in a report on Monday, November 24th. Canaccord Genuity Group restated a “buy” rating and issued a $24.00 target price on shares of Aeva Technologies in a report on Thursday. Finally, Wall Street Zen downgraded Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $26.50.

Aeva Technologies Stock Up 16.0%

Shares of Aeva Technologies stock opened at $15.88 on Friday. Aeva Technologies has a 12 month low of $2.52 and a 12 month high of $38.80. The stock has a market cap of $954.07 million, a PE ratio of -2.98 and a beta of 2.16. The business has a fifty day simple moving average of $14.18 and a 200-day simple moving average of $18.23.

Aeva Technologies (NASDAQ:AEVA) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.46) earnings per share (EPS) for the quarter. Aeva Technologies had a negative return on equity of 603.21% and a negative net margin of 1,031.15%.The business had revenue of $3.58 million during the quarter. Analysts expect that Aeva Technologies will post -2.7 EPS for the current fiscal year.

Insider Buying and Selling at Aeva Technologies

In related news, CEO Soroush Salehian Dardashti sold 250,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $13.45, for a total value of $3,362,500.00. Following the sale, the chief executive officer directly owned 1,884,808 shares in the company, valued at $25,350,667.60. The trade was a 11.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Saurabh Sinha sold 48,086 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $9.97, for a total transaction of $479,417.42. Following the sale, the chief financial officer directly owned 720,512 shares of the company’s stock, valued at approximately $7,183,504.64. This represents a 6.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 619,710 shares of company stock valued at $8,181,369. 27.20% of the stock is owned by insiders.

Institutional Trading of Aeva Technologies

Several institutional investors have recently made changes to their positions in the stock. Sylebra Capital LLC grew its position in Aeva Technologies by 56.4% during the first quarter. Sylebra Capital LLC now owns 16,228,553 shares of the company’s stock valued at $113,600,000 after purchasing an additional 5,849,249 shares in the last quarter. Duquesne Family Office LLC acquired a new stake in shares of Aeva Technologies during the 3rd quarter valued at $26,670,000. Millennium Management LLC acquired a new stake in shares of Aeva Technologies during the 3rd quarter valued at $25,751,000. Vanguard Group Inc. grew its holdings in shares of Aeva Technologies by 12.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,576,930 shares of the company’s stock valued at $22,865,000 after acquiring an additional 175,482 shares in the last quarter. Finally, Delta Global Management LP purchased a new position in shares of Aeva Technologies during the 3rd quarter valued at $18,139,000. 62.92% of the stock is currently owned by institutional investors and hedge funds.

Aeva Technologies Company Profile

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.