Insider Selling: Aeva Technologies (NASDAQ:AEVA) CFO Sells $388,479.65 in Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 20,609 shares of the company’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $18.85, for a total value of $388,479.65. Following the transaction, the chief financial officer directly owned 687,756 shares in the company, valued at $12,964,200.60. This represents a 2.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, January 15th, Saurabh Sinha sold 60,000 shares of Aeva Technologies stock. The stock was sold at an average price of $20.64, for a total transaction of $1,238,400.00.
• On Friday, January 2nd, Saurabh Sinha sold 12,147 shares of Aeva Technologies stock. The stock was sold at an average price of $12.96, for a total transaction of $157,425.12.
• 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 Trading Down 4.2%

Shares of AEVA opened at $19.82 on Friday. Aeva Technologies, Inc. has a twelve month low of $2.52 and a twelve month high of $38.80. The firm has a market capitalization of $1.19 billion, a P/E ratio of -3.73 and a beta of 2.08. The firm’s 50-day moving average is $13.66 and its two-hundred day moving average is $16.83.

Aeva Technologies (NASDAQ:AEVA) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.46) 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 firm had revenue of $3.58 million for the quarter. Analysts predict that Aeva Technologies, Inc. will post -2.7 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Duquesne Family Office LLC acquired a new stake in shares of Aeva Technologies during the 3rd quarter worth about $26,670,000. Millennium Management LLC acquired a new position in Aeva Technologies in the 3rd quarter valued at $25,751,000. Delta Global Management LP purchased a new position in shares of Aeva Technologies during the 3rd quarter worth $18,139,000. Arrowstreet Capital Limited Partnership boosted its holdings 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 during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Aeva Technologies by 1,223.8% during the second quarter. Invesco Ltd. now owns 614,411 shares of the company’s stock worth $23,219,000 after purchasing an additional 567,998 shares during the last quarter. Institutional investors and hedge funds own 62.92% of the company’s stock.

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.