Soroush Salehian Dardashti Sells 200,000 Shares of Aeva Technologies, Inc. (NASDAQ:AEVA) Stock

Key Points

• Aeva Technologies CEO Soroush Salehian Dardashti sold 200,000 shares at an average price of $13.45, totaling approximately $2.69 million, which represents an 8.57% decrease in his holdings.
• The company reported a quarterly loss of ($0.55) EPS, missing the consensus estimate, but had revenue of $5.51 million, exceeding expectations.
• Several analysts have raised their target prices for Aeva Technologies, with Oppenheimer setting a new target at $33.00 and others maintaining a generally positive outlook with a consensus target price of $18.33.

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) CEO Soroush Salehian Dardashti sold 200,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $13.45, for a total value of $2,690,000.00. Following the completion of the transaction, the chief executive officer owned 2,134,808 shares of the company's stock, valued at $28,713,167.60. The trade was a 8.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, July 7th, Soroush Salehian Dardashti sold 69,901 shares of Aeva Technologies stock. The stock was sold at an average price of $30.53, for a total value of $2,134,077.53.
• On Monday, May 19th, Soroush Salehian Dardashti sold 250,000 shares of Aeva Technologies stock. The shares were sold at an average price of $15.70, for a total value of $3,925,000.00.

Aeva Technologies Trading Up 2.2%

Shares of AEVA stock traded up $0.29 during trading hours on Monday, reaching $13.39. 838,459 shares of the stock were exchanged, compared to its average volume of 1,772,632. The firm has a market capitalization of $754.26 million, a price-to-earnings ratio of -2.43 and a beta of 1.94. Aeva Technologies, Inc. has a 12-month low of $2.36 and a 12-month high of $38.80. The company's 50-day moving average price is $24.30 and its 200-day moving average price is $13.62.

Aeva Technologies (NASDAQ:AEVA - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported ($0.55) EPS for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.02). Aeva Technologies had a negative net margin of 2,178.31% and a negative return on equity of 287.71%. The business had revenue of $5.51 million for the quarter, compared to the consensus estimate of $3.40 million. On average, sell-side analysts expect that Aeva Technologies, Inc. will post -2.7 EPS for the current year.

Institutional Trading of Aeva Technologies

A number of large investors have recently made changes to their positions in AEVA. Sylebra Capital LLC lifted its holdings in Aeva Technologies by 56.4% during the 1st quarter. Sylebra Capital LLC now owns 16,228,553 shares of the company's stock valued at $113,600,000 after buying an additional 5,849,249 shares in the last quarter. Parkwood LLC lifted its holdings in shares of Aeva Technologies by 415.7% in the 4th quarter. Parkwood LLC now owns 1,426,627 shares of the company's stock worth $6,776,000 after buying an additional 1,150,000 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Aeva Technologies by 1,630.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,105,048 shares of the company's stock worth $41,760,000 after acquiring an additional 1,041,176 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Aeva Technologies by 2,490.3% in the 4th quarter. Jane Street Group LLC now owns 648,942 shares of the company's stock worth $3,082,000 after purchasing an additional 623,889 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Aeva Technologies by 1,223.8% in the 2nd quarter. Invesco Ltd. now owns 614,411 shares of the company's stock worth $23,219,000 after purchasing an additional 567,998 shares during the period. 62.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Canaccord Genuity Group upped their price objective on Aeva Technologies from $9.50 to $16.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Oppenheimer upped their price target on shares of Aeva Technologies from $18.00 to $33.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. Roth Capital lifted their price objective on shares of Aeva Technologies from $17.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Morgan Stanley upped their target price on shares of Aeva Technologies from $11.00 to $19.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Finally, Wall Street Zen raised shares of Aeva Technologies from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $18.33.

Aeva Technologies Company Profile

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.