Aeva Technologies (NASDAQ:AEVA) CFO Sells $157,425.12 in Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 12,147 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $12.96, for a total value of $157,425.12. Following the completion of the transaction, the chief financial officer directly owned 708,365 shares in the company, valued at approximately $9,180,410.40. The trade was a 1.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Saurabh Sinha also recently made the following trade(s):

• On Wednesday, November 19th, Saurabh Sinha sold 48,086 shares of Aeva Technologies stock. The stock was sold at an average price of $9.97, for a total value of $479,417.42.
• On Wednesday, November 5th, Saurabh Sinha sold 5,454 shares of Aeva Technologies stock. The stock was sold at an average price of $13.64, for a total transaction of $74,392.56.

Aeva Technologies Price Performance

Shares of NASDAQ AEVA traded up $0.34 during mid-day trading on Monday, hitting $13.09. The company had a trading volume of 2,871,123 shares, compared to its average volume of 1,401,437. The stock 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 12 month low of $2.52 and a 12 month high of $38.80. The firm’s 50 day simple moving average is $13.07 and its two-hundred day simple moving average is $17.28.

Aeva Technologies (NASDAQ:AEVA) last issued its quarterly earnings data 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 return on equity of 603.21% and a negative net margin of 1,031.15%. 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 have recently weighed in on the stock. Canaccord Genuity Group reissued a “buy” rating and issued a $24.00 target price on shares of Aeva Technologies in a research report on Thursday, December 4th. Wall Street Zen cut Aeva Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Aeva Technologies in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $26.50.

Hedge Funds Weigh In On Aeva Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in AEVA. GAMMA Investing LLC increased its stake in Aeva Technologies by 92.2% in the second quarter. GAMMA Investing LLC now owns 865 shares of the company’s stock valued at $33,000 after acquiring an additional 415 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Aeva Technologies by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock valued at $96,000 after purchasing an additional 630 shares during the period. SBI Securities Co. Ltd. raised its holdings in shares of Aeva Technologies by 4.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 17,731 shares of the company’s stock worth $670,000 after buying an additional 808 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Aeva Technologies by 8.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,467 shares of the company’s stock worth $433,000 after buying an additional 884 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of Aeva Technologies during the 2nd quarter worth approximately $36,000. 62.92% of the stock is owned by institutional investors.

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.