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 company's stock in a transaction that occurred on 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 transaction, the chief executive officer owned 1,897,862 shares in the company, valued at approximately $57,941,726.86. This represents a 3.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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 value of $3,925,000.00.

Aeva Technologies Stock Down 10.6%

AEVA stock traded down $3.11 during trading hours on Friday, hitting $26.10. The company's stock had a trading volume of 2,834,876 shares, compared to its average volume of 3,165,491. The company has a market capitalization of $1.44 billion, a PE ratio of -9.22 and a beta of 1.95. Aeva Technologies, Inc. has a 12 month low of $2.36 and a 12 month high of $38.80. The stock has a 50 day moving average price of $21.97 and a two-hundred day moving average price of $10.83.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Aeva Technologies

Several large investors have recently added to or reduced their stakes in AEVA. Bank of America Corp DE boosted its holdings in shares of Aeva Technologies by 170.0% during the 4th quarter. Bank of America Corp DE now owns 48,255 shares of the company's stock worth $229,000 after buying an additional 30,380 shares during the period. Deutsche Bank AG boosted its holdings in shares of Aeva Technologies by 510.8% during the 4th quarter. Deutsche Bank AG now owns 45,039 shares of the company's stock worth $214,000 after buying an additional 37,665 shares during the period. Millennium Management LLC bought a new stake in shares of Aeva Technologies during the 4th quarter worth $174,000. Two Sigma Investments LP boosted its holdings in shares of Aeva Technologies by 308.6% during the 4th quarter. Two Sigma Investments LP now owns 74,288 shares of the company's stock worth $353,000 after buying an additional 56,107 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of Aeva Technologies by 2,490.3% during the 4th quarter. Jane Street Group LLC now owns 648,942 shares of the company's stock worth $3,082,000 after buying an additional 623,889 shares during the period. 62.92% of the stock is owned by institutional investors.

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.