Aeva Technologies (NASDAQ:AEVA) Stock: Insider Soroush Salehian Dardashti Sells 42,262 Shares

Key Points

• CEO Soroush Salehian Dardashti sold 42,262 Aeva shares at an average $8.82, totaling about $372,751. The sale covered tax withholding on vested equity awards; he retained 1,487,471 shares.
• AEVA shares traded at $11 on Friday, after rising $1.81 that day; the stock’s 52-week range is $8.26–$31.30.
• Analysts’ consensus rating is Hold, with an average price target of $28.75. Two analysts rate the stock Buy, two Hold, and one Sell.

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) CEO Soroush Dardashti sold 42,262 shares of the firm's stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $8.82, for a total transaction of $372,750.84. Following the sale, the chief executive officer directly owned 1,487,471 shares of the company's stock, valued at approximately $13,119,494.22. The trade was a 2.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, August 11th, Soroush Dardashti sold 30,514 shares of Aeva Technologies stock. The shares were sold at an average price of $24.32, for a total transaction of $742,100.48.
• On Monday, August 10th, Soroush Dardashti sold 219,486 shares of Aeva Technologies stock. The stock was sold at an average price of $24.03, for a total value of $5,274,248.58.
• On Monday, August 10th, Soroush Dardashti sold 55,099 shares of Aeva Technologies stock. The shares were sold at an average price of $24.02, for a total value of $1,323,477.98.

Aeva Technologies Price Performance

Shares of AEVA traded up $1.81 during mid-day trading on Friday, hitting $11.00. 3,094,172 shares of the company traded hands, compared to its average volume of 1,709,326. The business has a 50-day moving average of $13.03 and a 200 day moving average of $16.69. The company has a current ratio of 7.85, a quick ratio of 7.63 and a debt-to-equity ratio of 3.52. The stock has a market capitalization of $693.44 million, a price-to-earnings ratio of -4.00 and a beta of 2.56. Aeva Technologies, Inc. has a one year low of $8.26 and a one year high of $31.30.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AEVA shares. Canaccord Genuity Group lifted their price objective on shares of Aeva Technologies from $24.00 to $26.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Morgan Stanley increased their target price on shares of Aeva Technologies from $18.50 to $27.00 and gave the stock an "equal weight" rating in a report on Friday, August 7th. Oppenheimer reaffirmed an "outperform" rating and issued a $42.00 target price on shares of Aeva Technologies in a research report on Thursday, August 6th. The Goldman Sachs Group started coverage on shares of Aeva Technologies in a research note on Monday, August 24th. They issued a "neutral" rating and a $20.00 price target on the stock. Finally, Weiss Ratings raised shares of Aeva Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday, September 4th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $28.75.

Hedge Funds Weigh In On Aeva Technologies

A number of hedge funds have recently made changes to their positions in AEVA. Brooklands Fund Management Ltd acquired a new stake in shares of Aeva Technologies in the 3rd quarter worth about $23,158,000. CenterBook Partners LP grew its stake in Aeva Technologies by 174.2% in the 3rd quarter. CenterBook Partners LP now owns 481,383 shares of the company's stock valued at $6,759,000 after purchasing an additional 305,792 shares during the period. Titan Global Capital Management USA LLC increased its holdings in Aeva Technologies by 95.1% during the first quarter. Titan Global Capital Management USA LLC now owns 159,743 shares of the company's stock worth $2,102,000 after buying an additional 77,856 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Aeva Technologies by 27.7% in the 1st quarter. Bank of America Corp DE now owns 110,005 shares of the company's stock worth $1,448,000 after purchasing an additional 23,856 shares during the period. Finally, Siren L.L.C. purchased a new position in shares of Aeva Technologies during the 1st quarter valued at $1,448,000. 62.92% of the stock is currently owned by institutional investors.

Aeva Technologies Company Profile

Aeva Technologies, Inc develops sensing and perception systems designed to help machines understand their surroundings. The company's core technology is a 4D lidar platform that uses frequency-modulated continuous-wave (FMCW) sensing to measure an object's location, depth, and velocity, supporting applications that require real-time environmental awareness.

Its products include lidar sensors and related perception software for the automotive, industrial, robotics, mapping, and other machine-perception markets.

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