Aeva Technologies (NASDAQ:AEVA) CFO Saurabh Sinha Sells 34,146 Shares

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 34,146 shares of Aeva Technologies stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $14.83, for a total transaction of $506,385.18. Following the completion of the transaction, the chief financial officer directly owned 547,226 shares in the company, valued at approximately $8,115,361.58. The trade was a 5.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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, August 18th, Saurabh Sinha sold 70,000 shares of Aeva Technologies stock. The shares were sold at an average price of $21.21, for a total transaction of $1,484,700.00.
• On Monday, July 27th, Saurabh Sinha sold 6,830 shares of Aeva Technologies stock. The stock was sold at an average price of $15.40, for a total transaction of $105,182.00.
• On Wednesday, July 8th, Saurabh Sinha sold 20,620 shares of Aeva Technologies stock. The shares were sold at an average price of $21.16, for a total transaction of $436,319.20.
• On Thursday, July 2nd, Saurabh Sinha sold 11,212 shares of Aeva Technologies stock. The shares were sold at an average price of $26.75, for a total transaction of $299,921.00.

Aeva Technologies Stock Performance

Shares of NASDAQ:AEVA opened at $15.69 on Friday. The company has a current ratio of 7.85, a quick ratio of 7.63 and a debt-to-equity ratio of 3.52. The company has a 50-day moving average price of $19.57 and a 200-day moving average price of $18.39. The company has a market cap of $989.10 million, a price-to-earnings ratio of -5.75 and a beta of 2.44. Aeva Technologies, Inc. has a 12 month low of $8.83 and a 12 month high of $31.30.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AEVA. Morgan Stanley lifted their price objective on Aeva Technologies from $18.50 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Oppenheimer reaffirmed an “outperform” rating and issued a $42.00 price target on shares of Aeva Technologies in a research note on Thursday, August 6th. Weiss Ratings cut shares of Aeva Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, August 21st. Canaccord Genuity Group boosted their price objective on shares of Aeva Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen cut shares of Aeva Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 8th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Aeva Technologies has an average rating of “Hold” and a consensus target price of $28.75.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AEVA. Quantbot Technologies LP increased its holdings in Aeva Technologies by 122.8% in the 3rd quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock worth $30,000 after acquiring an additional 1,157 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Aeva Technologies in the fourth quarter worth $33,000. Jones Financial Companies Lllp raised 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 period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Aeva Technologies during the 4th quarter valued at $47,000. Finally, Daiwa Securities Group Inc. lifted 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 valued at $58,000 after buying an additional 1,922 shares in the last quarter. 62.92% of the stock is currently 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.