Insider Selling: Aeva Technologies (NASDAQ:AEVA) CEO Sells 64,787 Shares of Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Salehian Dardashti sold 64,787 shares of the company’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $18.85, for a total transaction of $1,221,234.95. Following the sale, the chief executive officer directly owned 1,766,412 shares of the company’s stock, valued at approximately $33,296,866.20. This represents a 3.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Friday, January 2nd, Soroush Salehian Dardashti sold 488,160 shares of Aeva Technologies stock. The stock was sold at an average price of $12.96, for a total value of $6,326,553.60.
• On Monday, November 10th, Soroush Salehian Dardashti sold 250,000 shares of Aeva Technologies stock. The stock was sold at an average price of $13.45, for a total transaction of $3,362,500.00.
• On Wednesday, November 5th, Soroush Salehian Dardashti sold 39,702 shares of Aeva Technologies stock. The shares were sold at an average price of $13.64, for a total transaction of $541,535.28.

Aeva Technologies Price Performance

Shares of Aeva Technologies stock traded up $0.80 during trading hours on Tuesday, hitting $19.90. The company had a trading volume of 3,080,846 shares, compared to its average volume of 3,262,559. Aeva Technologies, Inc. has a twelve month low of $2.52 and a twelve month high of $38.80. The company’s 50-day moving average is $13.38 and its two-hundred day moving average is $16.78. The company has a market cap of $1.20 billion, a P/E ratio of -3.74 and a beta of 2.08.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AEVA shares. Weiss Ratings restated a “sell (e+)” rating on shares of Aeva Technologies in a research note on Monday, December 29th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $24.00 price target on shares of Aeva Technologies in a research note on Thursday, December 4th. Finally, Wall Street Zen lowered Aeva Technologies from a “hold” rating to a “sell” rating in a research report 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $26.50.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Titan Global Capital Management USA LLC bought a new position in Aeva Technologies in the second quarter valued at about $2,500,000. Campbell & CO Investment Adviser LLC purchased a new stake in Aeva Technologies in the 2nd quarter worth $1,125,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Aeva Technologies during the second quarter valued at approximately $7,960,000. Employees Retirement System of Texas purchased a new position in shares of Aeva Technologies in the second quarter valued at $2,859,000. Finally, Geode Capital Management LLC increased its holdings in shares of Aeva Technologies by 28.7% in the 2nd quarter. Geode Capital Management LLC now owns 808,205 shares of the company’s stock worth $30,548,000 after buying an additional 180,269 shares during the last quarter. 62.92% of the stock is owned by institutional investors.

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.