Insider Selling: Aeva Technologies (NASDAQ:AEVA) CEO Sells $1,371,612.36 in Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Salehian Dardashti sold 64,821 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $21.16, for a total transaction of $1,371,612.36. Following the completion of the transaction, the chief executive officer owned 1,595,136 shares of the company’s stock, valued at $33,753,077.76. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Soroush Salehian Dardashti also recently made the following trade(s):

• On Tuesday, June 16th, Soroush Salehian Dardashti sold 50,000 shares of Aeva Technologies stock. The stock was sold at an average price of $24.57, for a total transaction of $1,228,500.00.
• On Tuesday, June 16th, Soroush Salehian Dardashti sold 225,349 shares of Aeva Technologies stock. The stock was sold at an average price of $24.57, for a total transaction of $5,536,824.93.
• On Tuesday, May 5th, Soroush Salehian Dardashti sold 41,083 shares of Aeva Technologies stock. The stock was sold at an average price of $15.04, for a total transaction of $617,888.32.

Aeva Technologies Stock Performance

NASDAQ:AEVA opened at $20.99 on Monday. The company has a debt-to-equity ratio of 7.32, a current ratio of 4.09 and a quick ratio of 3.89. The firm has a 50-day moving average of $22.65 and a two-hundred day moving average of $17.49. The stock has a market cap of $1.32 billion, a P/E ratio of -4.21 and a beta of 2.40. Aeva Technologies, Inc. has a 1-year low of $8.83 and a 1-year high of $33.24.

Aeva Technologies (NASDAQ:AEVA) last announced its earnings results on Wednesday, May 6th. The company reported ($0.41) earnings per share for the quarter, beating the consensus estimate of ($0.53) by $0.12. The business had revenue of $6.26 million for the quarter. On average, research analysts expect that Aeva Technologies, Inc. will post -2.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aeva Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its stake in shares of Aeva Technologies by 29.2% in the 1st quarter. AQR Capital Management LLC now owns 20,849 shares of the company’s stock valued at $146,000 after purchasing an additional 4,707 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Aeva Technologies by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock worth $96,000 after purchasing an additional 630 shares in the last quarter. Jones Financial Companies Lllp grew its stake 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 in the last quarter. Prudential Financial Inc. bought a new stake in Aeva Technologies in the second quarter valued at about $446,000. Finally, Russell Investments Group Ltd. bought a new stake in Aeva Technologies in the second quarter valued at about $1,239,000. Institutional investors own 62.92% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AEVA shares. 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 Aeva Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Two research 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. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $25.33.

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.