Saurabh Sinha Sells 20,620 Shares of Aeva Technologies (NASDAQ:AEVA) Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 20,620 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $21.16, for a total transaction of $436,319.20. Following the completion of the sale, the chief financial officer owned 658,202 shares of the company’s stock, valued at $13,927,554.32. This trade represents a 3.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 Thursday, July 2nd, Saurabh Sinha sold 11,212 shares of Aeva Technologies stock. The stock was sold at an average price of $26.75, for a total value of $299,921.00.
• On Tuesday, May 5th, Saurabh Sinha sold 5,643 shares of Aeva Technologies stock. The stock was sold at an average price of $15.04, for a total value of $84,870.72.

Aeva Technologies Trading Up 5.4%

AEVA opened at $19.82 on Wednesday. The stock has a market cap of $1.25 billion, a PE ratio of -3.97 and a beta of 2.40. The company has a quick ratio of 3.89, a current ratio of 4.09 and a debt-to-equity ratio of 7.32. The business has a 50 day moving average of $22.80 and a 200-day moving average of $17.57. Aeva Technologies, Inc. has a 52 week low of $8.83 and a 52 week high of $33.24.

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

Wall Street Analyst Weigh In

Several research firms recently commented on AEVA. Wall Street Zen lowered shares of Aeva Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings raised shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Two 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, the stock has an average rating of “Hold” and an average target price of $25.33.

Hedge Funds Weigh In On Aeva Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Duquesne Family Office LLC purchased a new stake in Aeva Technologies during the 3rd quarter valued at about $26,670,000. Millennium Management LLC bought a new position in shares of Aeva Technologies in the third quarter worth approximately $25,751,000. Delta Global Management LP raised its holdings in Aeva Technologies by 29.7% in the 4th quarter. Delta Global Management LP now owns 1,623,148 shares of the company’s stock worth $21,555,000 after acquiring an additional 372,159 shares during the last quarter. Vanguard Group Inc. raised its holdings in Aeva Technologies by 12.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,576,930 shares of the company’s stock worth $22,865,000 after acquiring an additional 175,482 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in Aeva Technologies by 158.3% in the 4th quarter. Handelsbanken Fonder AB now owns 1,445,409 shares of the company’s stock valued at $19,202,000 after acquiring an additional 885,774 shares in the last quarter. 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.