Aeva Technologies (NASDAQ:AEVA) CFO Sells $1,484,700.00 in Stock

Key Points

• Aeva Technologies CFO Saurabh Sinha sold 70,000 shares at an average price of $21.21, generating $1.48 million and reducing his ownership by 10.75% to 581,372 shares.
• AEVA shares traded at $18.87, with a market capitalization of approximately $1.19 billion and a 52-week range of $8.83 to $31.30.
• Analyst sentiment is mixed, resulting in a consensus “Hold” rating and an average price target of $31.67; institutional investors own 62.92% of the stock.

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) CFO Saurabh Sinha sold 70,000 shares of the business's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $21.21, for a total value of $1,484,700.00. Following the sale, the chief financial officer owned 581,372 shares in the company, valued at approximately $12,330,900.12. The trade was a 10.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Saurabh Sinha also recently made the following trade(s):

• On Monday, July 27th, Saurabh Sinha sold 6,830 shares of Aeva Technologies stock. The shares were sold at an average price of $15.40, for a total transaction of $105,182.00.
• On Wednesday, July 8th, Saurabh Sinha sold 20,620 shares of Aeva Technologies stock. The shares were sold at an average price of $21.16, for a total transaction of $436,319.20.
• On Thursday, July 2nd, Saurabh Sinha sold 11,212 shares of Aeva Technologies stock. The shares were sold at an average price of $26.75, for a total transaction of $299,921.00.

Aeva Technologies Price Performance

Shares of AEVA traded down $0.91 during mid-day trading on Thursday, reaching $18.87. 1,409,537 shares of the company's stock were exchanged, compared to its average volume of 1,951,591. The company has a quick ratio of 7.63, a current ratio of 7.85 and a debt-to-equity ratio of 3.52. Aeva Technologies, Inc. has a 52-week low of $8.83 and a 52-week high of $31.30. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -6.91 and a beta of 2.47. The company has a 50-day simple moving average of $21.22 and a two-hundred day simple moving average of $18.19.

Analyst Ratings Changes

Several brokerages have recently issued reports on AEVA. Wall Street Zen downgraded Aeva Technologies from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 8th. Canaccord Genuity Group boosted their target price on shares of Aeva Technologies from $24.00 to $26.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Morgan Stanley lifted their target price on shares of Aeva Technologies from $18.50 to $27.00 and gave the stock an "equal weight" rating in a research note on Friday, August 7th. Oppenheimer reiterated an "outperform" rating and issued a $42.00 price target on shares of Aeva Technologies in a report on Thursday, August 6th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Aeva Technologies in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Aeva Technologies currently has a consensus rating of "Hold" and an average target price of $31.67.

Institutional Trading of Aeva Technologies

Several large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its position in shares of Aeva Technologies by 29.2% in the first quarter. AQR Capital Management LLC now owns 20,849 shares of the company's stock worth $146,000 after buying an additional 4,707 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 buying an additional 630 shares during the period. Jones Financial Companies Lllp grew its position in Aeva Technologies by 27,345.0% in the 1st 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 during the last quarter. Prudential Financial Inc. acquired a new position in shares of Aeva Technologies during the second quarter valued at approximately $446,000. Finally, Russell Investments Group Ltd. acquired a new position in Aeva Technologies during the second quarter worth about $1,239,000. 62.92% of the stock is currently owned by institutional investors and hedge funds.

About Aeva Technologies

Aeva Technologies, Inc is a technology company specializing in the development and commercialization of advanced sensing and perception solutions based on frequency-modulated continuous wave (FMCW) LiDAR. Headquartered in Mountain View, California, Aeva's core products include solid-state LiDAR sensors and perception software designed to provide high-resolution, long-range 4D data for automotive, industrial and robotic applications. The company's FMCW approach enables simultaneous measurement of both object velocity and distance, distinguishing Aeva's systems from traditional time-of-flight LiDAR solutions.

Founded in 2016 by Soroush Salehian and Mina Rezk, Aeva began as Aeon Imaging before adopting its current name in 2019.

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