Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Salehian Dardashti Sells 69,901 Shares

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) CEO Soroush Salehian Dardashti sold 69,901 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $30.53, for a total transaction of $2,134,077.53. Following the completion of the sale, the chief executive officer owned 1,897,862 shares of the company's stock, valued at approximately $57,941,726.86. The trade was a 3.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• 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 transaction of $3,925,000.00.

Aeva Technologies Price Performance

Shares of NASDAQ:AEVA traded down $1.90 during mid-day trading on Friday, reaching $27.31. 1,068,503 shares of the company were exchanged, compared to its average volume of 1,580,944. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of -9.65 and a beta of 1.95. The firm's 50-day simple moving average is $21.60 and its 200 day simple moving average is $10.68. Aeva Technologies, Inc. has a 1 year low of $2.36 and a 1 year high of $38.80.

Hedge Funds Weigh In On Aeva Technologies

Hedge funds have recently made changes to their positions in the stock. Sylebra Capital LLC boosted its position in Aeva Technologies by 56.4% in 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 during the period. Jones Financial Companies Lllp raised its holdings in shares of Aeva Technologies by 27,345.0% in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 in the last quarter. AQR Capital Management LLC raised its holdings in shares of Aeva Technologies by 29.2% in the 1st quarter. AQR Capital Management LLC now owns 20,849 shares of the company's stock valued at $146,000 after purchasing an additional 4,707 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Aeva Technologies by 81.5% in the 1st quarter. American Century Companies Inc. now owns 46,623 shares of the company's stock valued at $326,000 after purchasing an additional 20,934 shares in the last quarter. Hedge funds and other institutional investors own 62.92% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on AEVA shares. Morgan Stanley increased their price objective on shares of Aeva Technologies from $5.22 to $11.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Canaccord Genuity Group increased their price target on shares of Aeva Technologies from $9.50 to $16.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen raised shares of Aeva Technologies from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Roth Capital increased their price target on shares of Aeva Technologies from $17.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th. Finally, Oppenheimer increased their price target on shares of Aeva Technologies from $9.00 to $18.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $14.50.

About Aeva Technologies

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.