Aeva Technologies (NASDAQ:AEVA) CEO Soroush Salehian Dardashti Sells 10,304 Shares of Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Salehian Dardashti sold 10,304 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 value of $158,681.60. Following the completion of the sale, the chief executive officer owned 1,584,832 shares in the company, valued at approximately $24,406,412.80. This trade represents a 0.65% decrease in their ownership of the stock. The transaction 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.

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

• On Wednesday, July 8th, Soroush Salehian Dardashti sold 64,821 shares of Aeva Technologies stock. The stock was sold at an average price of $21.16, for a total value of $1,371,612.36.
• On Tuesday, June 16th, Soroush Salehian Dardashti sold 50,000 shares of Aeva Technologies stock. The stock was sold at an average price of $24.57, for a total value of $1,228,500.00.
• On Tuesday, June 16th, Soroush Salehian Dardashti sold 225,349 shares of Aeva Technologies stock. The shares were sold at an average price of $24.57, for a total value of $5,536,824.93.
• On Tuesday, May 5th, Soroush Salehian Dardashti sold 41,083 shares of Aeva Technologies stock. The stock was sold at an average price of $15.04, for a total transaction of $617,888.32.

Aeva Technologies Price Performance

Shares of NASDAQ AEVA traded down $0.71 during trading on Wednesday, hitting $13.99. 1,225,655 shares of the company were exchanged, compared to its average volume of 1,503,341. The company has a market cap of $881.93 million, a price-to-earnings ratio of -2.80 and a beta of 2.40. Aeva Technologies, Inc. has a 1 year low of $8.83 and a 1 year high of $31.30. The firm’s fifty day moving average price is $22.36 and its 200 day moving average price is $17.71. 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 (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 company had revenue of $6.26 million for the quarter. On average, sell-side analysts expect that Aeva Technologies, Inc. will post -2.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on AEVA. Wall Street Zen cut Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings upgraded Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $21.50.

Hedge Funds Weigh In On Aeva Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AEVA. Duquesne Family Office LLC purchased a new stake in Aeva Technologies in the 3rd quarter valued at approximately $26,670,000. Millennium Management LLC purchased a new position in Aeva Technologies during the third quarter worth $25,751,000. Handelsbanken Fonder AB raised its holdings in shares of Aeva Technologies by 158.3% in the fourth quarter. Handelsbanken Fonder AB now owns 1,445,409 shares of the company’s stock worth $19,202,000 after acquiring an additional 885,774 shares during the last quarter. Invesco Ltd. lifted its position in shares of Aeva Technologies by 1,223.8% in the second quarter. Invesco Ltd. now owns 614,411 shares of the company’s stock valued at $23,219,000 after acquiring an additional 567,998 shares in the last quarter. Finally, Delta Global Management LP lifted its position in shares of Aeva Technologies by 29.7% in the fourth quarter. Delta Global Management LP now owns 1,623,148 shares of the company’s stock valued at $21,555,000 after acquiring an additional 372,159 shares in the last quarter. Institutional investors and hedge funds 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.