Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Sells $2,134,077.53 in Stock

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

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 stock was sold at an average price of $15.70, for a total transaction of $3,925,000.00.

Aeva Technologies Stock Down 5.5%

NASDAQ:AEVA traded down $1.71 on Thursday, reaching $29.21. The stock had a trading volume of 2,975,170 shares, compared to its average volume of 1,582,515. The company has a market capitalization of $1.61 billion, a P/E ratio of -10.32 and a beta of 1.95. Aeva Technologies, Inc. has a 1-year low of $2.36 and a 1-year high of $38.80. The stock has a fifty day moving average price of $21.16 and a 200-day moving average price of $10.51.

Hedge Funds Weigh In On Aeva Technologies

Large investors have recently modified their holdings of the stock. Jones Financial Companies Lllp lifted its position in shares of Aeva Technologies by 27,345.0% during the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company's stock worth $38,000 after purchasing an additional 5,469 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Aeva Technologies during the fourth quarter worth approximately $52,000. Squarepoint Ops LLC acquired a new position in shares of Aeva Technologies during the fourth quarter worth approximately $54,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Aeva Technologies during the fourth quarter worth approximately $63,000. Finally, Advisory Services Network LLC acquired a new position in shares of Aeva Technologies during the fourth quarter worth approximately $78,000. 62.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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