Insider Selling: Aeva Technologies, Inc. (NYSE:AEVA) CEO Sells 107,795 Shares of Stock

Aeva Technologies, Inc. (NYSE:AEVA) CEO Soroush Salehian Dardashti sold 107,795 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $4.49, for a total transaction of $483,999.55. Following the completion of the sale, the chief executive officer now owns 4,097,013 shares of the company’s stock, valued at approximately $18,395,588.37. This represents a 2.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, September 5th, Soroush Salehian Dardashti sold 49,678 shares of Aeva Technologies stock. The shares were sold at an average price of $2.55, for a total value of $126,678.90.

Aeva Technologies Price Performance

Shares of Aeva Technologies stock traded down $0.20 during midday trading on Tuesday, reaching $4.31. The company had a trading volume of 683,821 shares, compared to its average volume of 309,975. Aeva Technologies, Inc. has a fifty-two week low of $2.20 and a fifty-two week high of $7.25. The stock has a fifty day moving average price of $3.85 and a 200 day moving average price of $3.28.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AEVA shares. Westpark Capital reaffirmed a “hold” rating on shares of Aeva Technologies in a research note on Wednesday, August 7th. Craig Hallum raised their price target on Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Roth Mkm lifted their price objective on shares of Aeva Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.53.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its position in Aeva Technologies by 40.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 76,107 shares of the company’s stock valued at $192,000 after buying an additional 21,865 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of Aeva Technologies during the second quarter valued at approximately $38,000. Dimensional Fund Advisors LP bought a new position in Aeva Technologies in the 2nd quarter valued at $118,000. Sei Investments Co. purchased a new stake in shares of Aeva Technologies during the 2nd quarter worth approximately $39,000. Finally, Susquehanna Fundamental Investments LLC lifted its holdings in Aeva Technologies by 82.3% during the second quarter. Susquehanna Fundamental Investments LLC now owns 27,083 shares of the company’s stock valued at $68,000 after purchasing an additional 12,227 shares during the last quarter. Institutional investors and hedge funds own 62.92% of the company’s stock.

Aeva Technologies Company Profile

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.