Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Salehian Dardashti Sells 200,000 Shares of Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Salehian Dardashti sold 200,000 shares of Aeva Technologies stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $13.45, for a total transaction of $2,690,000.00. Following the transaction, the chief executive officer directly owned 2,134,808 shares of the company’s stock, valued at approximately $28,713,167.60. This trade represents a 8.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, July 7th, Soroush Salehian Dardashti sold 69,901 shares of Aeva Technologies stock. The shares were sold at an average price of $30.53, for a total transaction of $2,134,077.53.
• On Monday, May 19th, Soroush Salehian Dardashti sold 250,000 shares of Aeva Technologies stock. The stock was sold at an average price of $15.70, for a total value of $3,925,000.00.

Aeva Technologies Stock Performance

NASDAQ:AEVA opened at $13.81 on Thursday. The stock has a 50-day simple moving average of $24.57 and a two-hundred day simple moving average of $13.36. Aeva Technologies, Inc. has a 52-week low of $2.36 and a 52-week high of $38.80. The firm has a market capitalization of $777.89 million, a PE ratio of -2.51 and a beta of 1.94.

Aeva Technologies (NASDAQ:AEVA) last released its earnings results on Thursday, July 31st. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.02). The firm had revenue of $5.51 million for the quarter, compared to the consensus estimate of $3.40 million. Aeva Technologies had a negative return on equity of 287.71% and a negative net margin of 2,178.31%. Equities analysts forecast that Aeva Technologies, Inc. will post -2.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aeva Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of AEVA. Sylebra Capital LLC lifted its holdings in Aeva Technologies by 56.4% in the 1st quarter. Sylebra Capital LLC now owns 16,228,553 shares of the company’s stock worth $113,600,000 after purchasing an additional 5,849,249 shares in the last quarter. Parkwood LLC increased its holdings in Aeva Technologies by 415.7% in the 4th quarter. Parkwood LLC now owns 1,426,627 shares of the company’s stock valued at $6,776,000 after acquiring an additional 1,150,000 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Aeva Technologies by 1,630.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,105,048 shares of the company’s stock worth $41,760,000 after purchasing an additional 1,041,176 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Aeva Technologies by 28.7% in the second quarter. Geode Capital Management LLC now owns 808,205 shares of the company’s stock worth $30,548,000 after purchasing an additional 180,269 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Aeva Technologies by 2,490.3% in the fourth quarter. Jane Street Group LLC now owns 648,942 shares of the company’s stock worth $3,082,000 after buying an additional 623,889 shares in the last quarter. 62.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AEVA shares. Canaccord Genuity Group lifted their price objective on Aeva Technologies from $9.50 to $16.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Morgan Stanley upped their target price on shares of Aeva Technologies from $11.00 to $19.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. Wall Street Zen upgraded shares of Aeva Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Oppenheimer increased their price objective on shares of Aeva Technologies from $18.00 to $33.00 and gave the company an “outperform” rating in a research report on Wednesday, July 16th. Finally, Roth Capital boosted their target price on shares of Aeva Technologies from $17.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, June 17th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.33.

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.