Aeva Technologies (NASDAQ:AEVA) CFO Saurabh Sinha Sells 12,147 Shares

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 12,147 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $12.96, for a total transaction of $157,425.12. Following the completion of the sale, the chief financial officer owned 708,365 shares in the company, valued at $9,180,410.40. This represents a 1.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, November 19th, Saurabh Sinha sold 48,086 shares of Aeva Technologies stock. The stock was sold at an average price of $9.97, for a total value 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 value of $74,392.56.

Aeva Technologies Stock Performance

AEVA traded up $0.34 during midday trading on Monday, hitting $13.09. The company had a trading volume of 2,871,123 shares, compared to its average volume of 1,401,437. Aeva Technologies, Inc. has a twelve month low of $2.52 and a twelve month high of $38.80. The company has a market capitalization of $786.45 million, a PE ratio of -2.46 and a beta of 2.08. The firm’s 50-day simple moving average is $13.07 and its 200-day simple moving average is $17.28.

Aeva Technologies (NASDAQ:AEVA) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.46) earnings per share (EPS) for the quarter. Aeva Technologies had a negative net margin of 1,031.15% and a negative return on equity of 603.21%. The firm had revenue of $3.58 million for the quarter. As a group, sell-side analysts anticipate that Aeva Technologies, Inc. will post -2.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Aeva Technologies

Several hedge funds have recently made changes to their positions in AEVA. Sylebra Capital LLC grew its position in Aeva Technologies by 56.4% in the first quarter. Sylebra Capital LLC now owns 16,228,553 shares of the company’s stock valued at $113,600,000 after purchasing an additional 5,849,249 shares in the last quarter. Duquesne Family Office LLC acquired a new position in shares of Aeva Technologies during the 3rd quarter worth about $26,670,000. Millennium Management LLC bought a new position in shares of Aeva Technologies in the 3rd quarter valued at about $25,751,000. Vanguard Group Inc. grew its holdings in shares of Aeva Technologies by 12.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,576,930 shares of the company’s stock valued at $22,865,000 after acquiring an additional 175,482 shares in the last quarter. Finally, Delta Global Management LP acquired a new stake in shares of Aeva Technologies in the third quarter valued at about $18,139,000. 62.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AEVA shares. Canaccord Genuity Group reissued a “buy” rating and issued a $24.00 target price on shares of Aeva Technologies in a research note on Thursday, December 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Aeva Technologies in a report on Monday, December 29th. Finally, Wall Street Zen cut Aeva Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $26.50.

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.