Saurabh Sinha Sells 11,212 Shares of Aeva Technologies (NASDAQ:AEVA) Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 11,212 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $26.75, for a total value of $299,921.00. Following the completion of the sale, the chief financial officer directly owned 678,822 shares of the company’s stock, valued at approximately $18,158,488.50. This trade represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, May 5th, Saurabh Sinha sold 5,643 shares of Aeva Technologies stock. The shares were sold at an average price of $15.04, for a total value of $84,870.72.

Aeva Technologies Price Performance

Shares of NASDAQ:AEVA opened at $23.98 on Friday. The business’s 50 day moving average is $22.01 and its 200 day moving average is $17.18. Aeva Technologies, Inc. has a 12-month low of $8.83 and a 12-month high of $34.48. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of -4.81 and a beta of 2.40. The company has a quick ratio of 3.89, a current ratio of 4.09 and a debt-to-equity ratio of 7.32.

Aeva Technologies (NASDAQ:AEVA) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.41) EPS for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.12. The company had revenue of $6.26 million during the quarter. On average, sell-side analysts forecast that Aeva Technologies, Inc. will post -2.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AEVA has been the subject of several analyst reports. Wall Street Zen downgraded shares of Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings upgraded shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $25.33.

Institutional Trading of Aeva Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Quantbot Technologies LP boosted its position in Aeva Technologies by 122.8% in the third quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock worth $30,000 after purchasing an additional 1,157 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Aeva Technologies in the 4th quarter valued at $33,000. Jones Financial Companies Lllp increased its position in shares of Aeva Technologies by 27,345.0% during the 1st quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock valued at $38,000 after purchasing an additional 5,469 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Aeva Technologies during the 4th quarter valued at $47,000. Finally, Daiwa Securities Group Inc. raised its stake in shares of Aeva Technologies by 79.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,339 shares of the company’s stock worth $58,000 after purchasing an additional 1,922 shares during the period. 62.92% of the stock is owned by hedge funds and other institutional investors.

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.