Saurabh Sinha Sells 12,147 Shares of Aeva Technologies (NASDAQ:AEVA) Stock

Aeva Technologies, Inc. (NASDAQ:AEVAGet Free Report) CFO Saurabh Sinha sold 12,147 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $12.96, for a total transaction of $157,425.12. Following the completion of the transaction, the chief financial officer directly owned 708,365 shares in the company, valued at $9,180,410.40. This represents a 1.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Wednesday, November 19th, Saurabh Sinha sold 48,086 shares of Aeva Technologies stock. The shares were sold at an average price of $9.97, for a total transaction of $479,417.42.
  • On Wednesday, November 5th, Saurabh Sinha sold 5,454 shares of Aeva Technologies stock. The stock was sold at an average price of $13.64, for a total transaction of $74,392.56.

Aeva Technologies Stock Performance

Shares of NASDAQ:AEVA opened at $17.59 on Wednesday. The firm’s 50 day simple moving average is $13.10 and its 200-day simple moving average is $17.23. Aeva Technologies, Inc. has a one year low of $2.52 and a one year high of $38.80. The firm has a market cap of $1.06 billion, a PE ratio of -3.31 and a beta of 2.08.

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

Hedge Funds Weigh In On Aeva Technologies

A number of large investors have recently added to or reduced their stakes in AEVA. Sylebra Capital LLC grew its position in shares of Aeva Technologies by 56.4% in the 1st quarter. Sylebra Capital LLC now owns 16,228,553 shares of the company’s stock worth $113,600,000 after buying an additional 5,849,249 shares during the last quarter. Duquesne Family Office LLC acquired a new stake in Aeva Technologies in the third quarter valued at approximately $26,670,000. Millennium Management LLC purchased a new position in Aeva Technologies in the third quarter worth $25,751,000. Delta Global Management LP acquired a new position in shares of Aeva Technologies during the third quarter worth $18,139,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Aeva Technologies by 1,630.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,105,048 shares of the company’s stock worth $41,760,000 after purchasing an additional 1,041,176 shares in the last quarter. 62.92% of the stock is currently owned by institutional investors.

Key Stories Impacting Aeva Technologies

Here are the key news stories impacting Aeva Technologies this week:

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aeva Technologies in a research note on Monday, December 29th. Wall Street Zen lowered shares of Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $24.00 price objective on shares of Aeva Technologies in a research note on Thursday, December 4th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Aeva Technologies presently has an average rating of “Hold” and a consensus target price of $26.50.

Check Out Our Latest Report on Aeva Technologies

Aeva Technologies Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Aeva Technologies (NASDAQ:AEVA)

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