Aeva Technologies (NASDAQ:AEVA) CFO Sells $105,182.00 in Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 6,830 shares of Aeva Technologies stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 651,372 shares in the company, valued at $10,031,128.80. This represents a 1.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Wednesday, July 8th, Saurabh Sinha sold 20,620 shares of Aeva Technologies stock. The stock was sold at an average price of $21.16, for a total transaction of $436,319.20.
• 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 transaction of $299,921.00.
• 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 Stock Up 6.6%

Shares of AEVA stock opened at $17.54 on Friday. The company has a debt-to-equity ratio of 7.32, a current ratio of 4.09 and a quick ratio of 3.89. Aeva Technologies, Inc. has a one year low of $8.83 and a one year high of $31.30. The company’s fifty day moving average price is $22.10 and its 200-day moving average price is $17.69. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -3.52 and a beta of 2.40.

Aeva Technologies (NASDAQ:AEVA) last issued its 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. Sell-side analysts expect that Aeva Technologies, Inc. will post -2.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Aeva Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Titan Global Capital Management USA LLC grew its stake in Aeva Technologies by 95.1% during the first quarter. Titan Global Capital Management USA LLC now owns 159,743 shares of the company’s stock valued at $2,102,000 after acquiring an additional 77,856 shares in the last quarter. Sona Asset Management US LLC bought a new stake in Aeva Technologies in the 1st quarter valued at $987,000. Walleye Capital LLC purchased a new stake in Aeva Technologies in the 1st quarter worth $1,401,000. Siren L.L.C. purchased a new stake in Aeva Technologies in the 1st quarter worth $1,448,000. Finally, Melqart Asset Management UK Ltd boosted its holdings in shares of Aeva Technologies by 45.1% during the 4th quarter. Melqart Asset Management UK Ltd now owns 547,436 shares of the company’s stock valued at $7,270,000 after purchasing an additional 170,096 shares during the last quarter. Institutional investors own 62.92% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AEVA shares. Weiss Ratings raised Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Wall Street Zen downgraded Aeva Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Aeva Technologies presently has an average rating of “Hold” and a consensus price target of $24.00.

About Aeva Technologies

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.