Aeva Technologies (NASDAQ:AEVA) CEO Soroush Salehian Dardashti Sells 42,262 Shares of Company Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Dardashti sold 42,262 shares of the business’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $8.82, for a total transaction of $372,750.84. Following the completion of the sale, the chief executive officer owned 1,487,471 shares in the company, valued at approximately $13,119,494.22. The trade was a 2.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, August 11th, Soroush Dardashti sold 30,514 shares of Aeva Technologies stock. The stock was sold at an average price of $24.32, for a total value of $742,100.48.
• On Monday, August 10th, Soroush Dardashti sold 219,486 shares of Aeva Technologies stock. The shares were sold at an average price of $24.03, for a total value of $5,274,248.58.
• On Monday, August 10th, Soroush Dardashti sold 55,099 shares of Aeva Technologies stock. The shares were sold at an average price of $24.02, for a total transaction of $1,323,477.98.

Aeva Technologies Stock Up 19.7%

Shares of AEVA opened at $11.00 on Friday. The company’s fifty day moving average is $13.03 and its two-hundred day moving average is $16.69. Aeva Technologies, Inc. has a fifty-two week low of $8.26 and a fifty-two week high of $31.30. The firm has a market cap of $693.44 million, a PE ratio of -4.00 and a beta of 2.56. The company has a quick ratio of 7.63, a current ratio of 7.85 and a debt-to-equity ratio of 3.52.

Institutional Investors Weigh In On Aeva Technologies

Hedge funds have recently modified their holdings of the stock. Brooklands Fund Management Ltd bought a new position in Aeva Technologies during the third quarter valued at about $23,158,000. CenterBook Partners LP increased its stake in Aeva Technologies by 174.2% during the 3rd quarter. CenterBook Partners LP now owns 481,383 shares of the company’s stock worth $6,759,000 after purchasing an additional 305,792 shares in the last quarter. Siren L.L.C. acquired a new position in Aeva Technologies during the first quarter worth $1,448,000. Walleye Capital LLC bought a new position in Aeva Technologies during the first quarter worth about $1,401,000. Finally, Bank of New York Mellon Corp acquired a new position in Aeva Technologies in the 2nd quarter worth about $2,382,000. 62.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AEVA has been the topic of several research analyst reports. Canaccord Genuity Group increased their price target on shares of Aeva Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Wall Street Zen cut shares of Aeva Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, September 4th. The Goldman Sachs Group initiated coverage on Aeva Technologies in a report on Monday, August 24th. They issued a “neutral” rating and a $20.00 target price on the stock. Finally, Oppenheimer reissued an “outperform” rating and issued a $42.00 target price on shares of Aeva Technologies in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $28.75.

About Aeva Technologies

Aeva Technologies, Inc develops sensing and perception systems designed to help machines understand their surroundings. The company’s core technology is a 4D lidar platform that uses frequency-modulated continuous-wave (FMCW) sensing to measure an object’s location, depth, and velocity, supporting applications that require real-time environmental awareness.

Its products include lidar sensors and related perception software for the automotive, industrial, robotics, mapping, and other machine-perception markets.