Aeva Technologies (NASDAQ:AEVA) CEO Soroush Salehian Dardashti Sells 488,160 Shares

Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Salehian Dardashti sold 488,160 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $12.96, for a total transaction of $6,326,553.60. Following the completion of the transaction, the chief executive officer owned 1,831,199 shares in the company, valued at approximately $23,732,339.04. This trade represents a 21.05% 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.

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

• On Monday, November 10th, Soroush Salehian Dardashti sold 250,000 shares of Aeva Technologies stock. The shares were sold at an average price of $13.45, for a total value 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 value of $541,535.28.

Aeva Technologies Stock Performance

Aeva Technologies stock traded up $0.34 on Monday, reaching $13.09. The company’s stock had a trading volume of 2,871,123 shares, compared to its average volume of 1,401,437. The business’s fifty day moving average price is $13.07 and its 200 day moving average price is $17.28. The company has a market cap of $786.45 million, a price-to-earnings ratio of -2.46 and a beta of 2.08. Aeva Technologies, Inc. has a twelve month low of $2.52 and a twelve month high of $38.80.

Aeva Technologies (NASDAQ:AEVA) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.46) earnings per share (EPS) for the quarter. The business had revenue of $3.58 million during the quarter. Aeva Technologies had a negative net margin of 1,031.15% and a negative return on equity of 603.21%. As a group, equities analysts forecast that Aeva Technologies, Inc. will post -2.7 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on AEVA shares. Canaccord Genuity Group restated a “buy” rating and issued a $24.00 price objective on shares of Aeva Technologies in a research report on Thursday, December 4th. Weiss Ratings restated a “sell (e+)” rating on shares of Aeva Technologies in a research report on Monday, December 29th. Finally, Wall Street Zen lowered Aeva Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $26.50.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in Aeva Technologies by 92.2% during the 2nd quarter. GAMMA Investing LLC now owns 865 shares of the company’s stock worth $33,000 after buying an additional 415 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Aeva Technologies by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock worth $96,000 after acquiring an additional 630 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Aeva Technologies by 4.8% during the second quarter. SBI Securities Co. Ltd. now owns 17,731 shares of the company’s stock worth $670,000 after acquiring an additional 808 shares during the period. The Manufacturers Life Insurance Company lifted its position in Aeva Technologies by 8.4% in 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 in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Aeva Technologies in the 2nd quarter worth $36,000. 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.