Insider Selling: Aeva Technologies (NASDAQ:AEVA) CEO Sells $742,100.48 in Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Salehian Dardashti sold 30,514 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $24.32, for a total transaction of $742,100.48. Following the transaction, the chief executive officer directly owned 1,220,808 shares of the company’s stock, valued at $29,690,050.56. This represents a 2.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, August 10th, Soroush Salehian Dardashti sold 219,486 shares of Aeva Technologies stock. The stock was sold at an average price of $24.03, for a total transaction of $5,274,248.58.
• On Monday, August 10th, Soroush Salehian Dardashti sold 55,099 shares of Aeva Technologies stock. The stock was sold at an average price of $24.02, for a total transaction of $1,323,477.98.
• On Monday, July 27th, Soroush Salehian Dardashti sold 10,304 shares of Aeva Technologies stock. The stock was sold at an average price of $15.40, for a total transaction of $158,681.60.
• On Wednesday, July 8th, Soroush Salehian Dardashti sold 64,821 shares of Aeva Technologies stock. The shares were 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 shares were 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 stock was sold at an average price of $24.57, for a total value of $5,536,824.93.

Aeva Technologies Stock Performance

NASDAQ:AEVA opened at $23.28 on Friday. The company has a market capitalization of $1.47 billion, a P/E ratio of -8.53 and a beta of 2.47. The business has a fifty day simple moving average of $21.38 and a two-hundred day simple moving average of $17.96. The company has a debt-to-equity ratio of 3.52, a current ratio of 7.85 and a quick ratio of 7.63. Aeva Technologies, Inc. has a 1 year low of $8.83 and a 1 year high of $31.30.

Wall Street Analysts Forecast Growth

AEVA has been the subject of several recent research reports. Canaccord Genuity Group lifted their price objective on Aeva Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Wall Street Zen downgraded shares of Aeva Technologies from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aeva Technologies in a research report on Friday, August 7th. Oppenheimer reiterated an “outperform” rating and issued a $42.00 target price on shares of Aeva Technologies in a research note on Thursday, August 6th. Finally, Morgan Stanley boosted their price target on shares of Aeva Technologies from $18.50 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Aeva Technologies has an average rating of “Hold” and a consensus price target of $31.67.

Hedge Funds Weigh In On Aeva Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of AEVA. Duquesne Family Office LLC bought a new position in shares of Aeva Technologies in the 3rd quarter worth $26,670,000. Millennium Management LLC bought a new stake in shares of Aeva Technologies during the 3rd quarter worth $25,751,000. Delta Global Management LP lifted its holdings in shares of Aeva Technologies by 29.7% during the 4th quarter. Delta Global Management LP now owns 1,623,148 shares of the company’s stock worth $21,555,000 after acquiring an additional 372,159 shares during the last quarter. Vanguard Group Inc. grew its position in Aeva Technologies by 12.5% in the third quarter. Vanguard Group Inc. now owns 1,576,930 shares of the company’s stock worth $22,865,000 after acquiring an additional 175,482 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its position in 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 in the last quarter. Hedge funds and other institutional investors own 62.92% of the company’s stock.

Aeva Technologies Company Profile

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.