Stephen Paul Zadesky Sells 2,984 Shares of Aeva Technologies (NASDAQ:AEVA) Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) Director Stephen Paul Zadesky sold 2,984 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $25.41, for a total value of $75,823.44. Following the transaction, the director owned 92,898 shares in the company, valued at approximately $2,360,538.18. This represents a 3.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Aeva Technologies Trading Down 6.8%

NASDAQ AEVA traded down $1.73 on Tuesday, hitting $23.54. The company’s stock had a trading volume of 1,440,928 shares, compared to its average volume of 2,461,456. Aeva Technologies, Inc. has a 52-week low of $8.83 and a 52-week high of $38.80. The company has a current ratio of 4.09, a quick ratio of 3.89 and a debt-to-equity ratio of 7.32. The company’s 50-day simple moving average is $20.62 and its 200 day simple moving average is $16.72. The firm has a market cap of $1.48 billion, a P/E ratio of -4.72 and a beta of 2.41.

Analyst Ratings Changes

AEVA has been the topic of several recent analyst reports. Wall Street Zen cut shares of Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings upgraded shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $25.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AEVA. Quantbot Technologies LP raised its position in shares of Aeva Technologies by 122.8% in the 3rd quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock worth $30,000 after acquiring an additional 1,157 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Aeva Technologies during the fourth quarter valued at approximately $33,000. Jones Financial Companies Lllp boosted its position in shares of Aeva Technologies by 27,345.0% during the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock valued at $38,000 after purchasing an additional 5,469 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Aeva Technologies in the fourth quarter worth $47,000. Finally, Daiwa Securities Group Inc. raised its holdings in Aeva Technologies by 79.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,339 shares of the company’s stock worth $58,000 after purchasing an additional 1,922 shares in the last quarter. Hedge funds and other institutional investors own 62.92% of the company’s stock.

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.