Aeva Technologies, Inc. $AEVA Shares Sold by First Trust Advisors LP

First Trust Advisors LP lowered its position in shares of Aeva Technologies, Inc. (NASDAQ:AEVA) by 25.9% during the first quarter, Holdings Channel reports. The fund owned 247,928 shares of the company’s stock after selling 86,840 shares during the quarter. First Trust Advisors LP’s holdings in Aeva Technologies were worth $3,263,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AEVA. Quantbot Technologies LP acquired a new position in Aeva Technologies in the 2nd quarter valued at $36,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Aeva Technologies during the fourth quarter worth $33,000. Daiwa Securities Group Inc. purchased a new stake in shares of Aeva Technologies in the second quarter valued at $100,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Aeva Technologies in the fourth quarter valued at $47,000. Finally, Tower Research Capital LLC TRC increased its stake in Aeva Technologies by 127.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,311 shares of the company’s stock valued at $163,000 after purchasing an additional 2,419 shares during the last quarter. 62.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AEVA shares. Weiss Ratings upgraded Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Wall Street Zen cut Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Oppenheimer reaffirmed an “outperform” rating and set a $42.00 price objective on shares of Aeva Technologies in a research note on Thursday. Finally, Canaccord Genuity Group increased their price objective on shares of Aeva Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $34.00.

Insider Buying and Selling at Aeva Technologies

In other news, CTO Mina Rezk sold 10,304 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $15.40, for a total value of $158,681.60. Following the completion of the sale, the chief technology officer owned 1,527,223 shares of the company’s stock, valued at $23,519,234.20. This represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Saurabh Sinha sold 6,830 shares of the firm’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $15.40, for a total transaction of $105,182.00. Following the completion of the transaction, the chief financial officer directly owned 651,372 shares in the company, valued at approximately $10,031,128.80. This represents a 1.04% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 817,245 shares of company stock valued at $19,342,658 in the last ninety days. Corporate insiders own 36.70% of the company’s stock.

Key Headlines Impacting Aeva Technologies

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

• Positive Sentiment: Q2 earnings beat expectations: Aeva reported a loss of $0.41 per share, better than consensus estimates ranging from $0.44 to $0.57. Revenue reached approximately $6.26 million, while service revenue nearly tripled, helping the company generate positive gross profit despite continued operating expenses. AEVA Q2 Earnings Beat on Service Growth and Gross Profit
• Positive Sentiment: New AI data-center business: Aeva launched an Optical Connectivity division based on its high-power optical-source and silicon-photonics technology. The company signed a joint development agreement with a major customer for a near-packaged-optics solution intended for a hyperscaler, creating a potential growth avenue beyond automotive lidar. Aeva Launches Optical Connectivity Business
• Positive Sentiment: Longer-term volume opportunity: Management outlined an optical-connectivity ramp beginning in 2027 and is targeting annual shipments in the multiple millions of units. The forecast strengthens the company’s growth narrative, although commercial execution remains ahead of the current results. Aeva outlines optical connectivity ramp
• Positive Sentiment: Analyst support: Canaccord Genuity raised its price target from $24 to $26 and maintained a Buy rating, signaling increased confidence following the earnings report.
• Neutral Sentiment: Volatility remains elevated: A temporary LULD trading halt and exceptionally heavy volume indicate significant short-term speculation and heightened price volatility.
• Negative Sentiment: Profitability is not established: Aeva remains loss-making, with substantial operating expenses and analyst estimates calling for a full-year loss. The new optical-connectivity business also carries execution, customer-concentration and commercialization risks.

Aeva Technologies Stock Up 28.8%

Shares of NASDAQ:AEVA opened at $25.26 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. Aeva Technologies, Inc. has a 1 year low of $8.83 and a 1 year high of $31.30. The stock has a market capitalization of $1.59 billion, a P/E ratio of -9.25 and a beta of 2.47. The stock has a 50-day simple moving average of $21.60 and a 200-day simple moving average of $17.71.

Aeva Technologies (NASDAQ:AEVA) last posted its earnings results on Wednesday, May 6th. The company reported ($0.41) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.12. The firm had revenue of $6.26 million during the quarter. Aeva Technologies had a negative net margin of 150.12% and a negative return on equity of 1,166.04%. Equities analysts forecast that Aeva Technologies, Inc. will post -2.26 earnings per share for the current year.

Aeva Technologies 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.