Insider Selling: Aeva Technologies (NASDAQ:AEVA) CFO Sells 5,643 Shares of Stock

Aeva Technologies, Inc. (NASDAQ:AEVAGet Free Report) CFO Saurabh Sinha sold 5,643 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $15.04, for a total value of $84,870.72. Following the sale, the chief financial officer owned 590,034 shares in the company, valued at approximately $8,874,111.36. This trade represents a 0.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 Tuesday, March 3rd, Saurabh Sinha sold 32,079 shares of Aeva Technologies stock. The shares were sold at an average price of $13.94, for a total value of $447,181.26.

Aeva Technologies Stock Down 17.6%

Shares of NASDAQ:AEVA traded down $2.91 during trading on Thursday, hitting $13.66. 5,760,919 shares of the company were exchanged, compared to its average volume of 1,294,886. The firm’s 50 day moving average price is $14.60 and its 200-day moving average price is $14.33. Aeva Technologies, Inc. has a 12-month low of $8.83 and a 12-month high of $38.80. The company has a debt-to-equity ratio of 7.32, a current ratio of 4.28 and a quick ratio of 4.12. The stock has a market capitalization of $860.31 million, a P/E ratio of -2.74 and a beta of 2.20.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of Aeva Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings reissued a “sell (e+)” rating on shares of Aeva Technologies in a research note on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $26.50.

Read Our Latest Report on Aeva Technologies

Hedge Funds Weigh In On Aeva Technologies

Hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Aeva Technologies by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock valued at $96,000 after buying an additional 630 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Aeva Technologies by 8.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,467 shares of the company’s stock valued at $433,000 after acquiring an additional 884 shares during the last quarter. Quantbot Technologies LP acquired a new position in Aeva Technologies in the second quarter worth about $36,000. Rockefeller Capital Management L.P. lifted its stake in Aeva Technologies by 19.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 7,159 shares of the company’s stock worth $95,000 after purchasing an additional 1,159 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of Aeva Technologies by 7.6% in the 4th quarter. MetLife Investment Management LLC now owns 20,001 shares of the company’s stock valued at $266,000 after buying an additional 1,409 shares during the period. Hedge funds and other institutional investors own 62.92% of the company’s stock.

Key Headlines Impacting Aeva Technologies

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

About Aeva Technologies

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Aeva Technologies (NASDAQ:AEVA)

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