Insider Selling: Aeva Technologies (NASDAQ:AEVA) CFO Sells $299,921.00 in Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 11,212 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $26.75, for a total transaction of $299,921.00. Following the sale, the chief financial officer directly owned 678,822 shares of the company’s stock, valued at approximately $18,158,488.50. The trade was a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, May 5th, Saurabh Sinha sold 5,643 shares of Aeva Technologies stock. The shares were sold at an average price of $15.04, for a total transaction of $84,870.72.

Aeva Technologies Price Performance

AEVA stock opened at $23.98 on Friday. The company has a debt-to-equity ratio of 7.32, a quick ratio of 3.89 and a current ratio of 4.09. The business has a 50-day simple moving average of $22.01 and a two-hundred day simple moving average of $17.18. The company has a market capitalization of $1.51 billion, a P/E ratio of -4.81 and a beta of 2.40. Aeva Technologies, Inc. has a 52-week low of $8.83 and a 52-week high of $34.48.

Aeva Technologies (NASDAQ:AEVA) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.53) by $0.12. The company had revenue of $6.26 million during the quarter. Research analysts expect that Aeva Technologies, Inc. will post -2.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AEVA has been the topic of several recent analyst reports. Weiss Ratings upgraded Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Wall Street Zen lowered shares of Aeva Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Aeva Technologies has a consensus rating of “Hold” and a consensus price target of $25.33.

Hedge Funds Weigh In On Aeva Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the business. AQR Capital Management LLC increased its position in shares of Aeva Technologies by 29.2% during the first quarter. AQR Capital Management LLC now owns 20,849 shares of the company’s stock valued at $146,000 after acquiring an additional 4,707 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Aeva Technologies by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock worth $96,000 after acquiring an additional 630 shares during the period. Jones Financial Companies Lllp boosted its position in Aeva Technologies by 27,345.0% in the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock worth $38,000 after purchasing an additional 5,469 shares during the last quarter. Prudential Financial Inc. purchased a new position in Aeva Technologies in the second quarter worth $446,000. Finally, Russell Investments Group Ltd. bought a new position in Aeva Technologies in the 2nd quarter valued at $1,239,000. Hedge funds and other institutional investors 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.