Soroush Salehian Dardashti Sells 30,514 Shares of Aeva Technologies (NASDAQ:AEVA) Stock

Key Points

• Aeva Technologies CEO Soroush Salehian Dardashti sold 30,514 shares on August 11 at an average price of $24.32, generating $742,100.48. He retained 1,220,808 shares valued at approximately $29.69 million.
• The CEO has made several additional sales in recent months, including more than 274,000 shares on August 10 and sizeable transactions in June and July.
• AEVA traded at $25.16, with a market capitalization of about $1.59 billion. Analyst views are mixed, producing a consensus “Hold” rating and an average price target of $31.67.

Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) CEO Soroush Salehian Dardashti sold 30,514 shares of Aeva Technologies stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $24.32, for a total transaction of $742,100.48. Following the completion of the transaction, the chief executive officer owned 1,220,808 shares of the company's stock, valued at $29,690,050.56. The trade was a 2.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, August 10th, Soroush Salehian Dardashti sold 219,486 shares of Aeva Technologies stock. The shares were sold at an average price of $24.03, for a total transaction of $5,274,248.58.
• On Monday, August 10th, Soroush Salehian Dardashti sold 55,099 shares of Aeva Technologies stock. The shares were sold at an average price of $24.02, for a total transaction of $1,323,477.98.
• On Monday, July 27th, Soroush Salehian Dardashti sold 10,304 shares of Aeva Technologies stock. The stock was sold at an average price of $15.40, for a total value of $158,681.60.
• On Wednesday, July 8th, Soroush Salehian Dardashti sold 64,821 shares of Aeva Technologies stock. The shares were sold at an average price of $21.16, for a total value of $1,371,612.36.
• On Tuesday, June 16th, Soroush Salehian Dardashti sold 50,000 shares of Aeva Technologies stock. The shares were sold at an average price of $24.57, for a total value of $1,228,500.00.
• On Tuesday, June 16th, Soroush Salehian Dardashti sold 225,349 shares of Aeva Technologies stock. The stock was sold at an average price of $24.57, for a total transaction of $5,536,824.93.

Aeva Technologies Price Performance

Shares of AEVA traded up $1.10 during mid-day trading on Wednesday, reaching $25.16. 1,408,144 shares of the stock traded hands, compared to its average volume of 1,883,984. The firm has a fifty day moving average price of $21.41 and a 200 day moving average price of $17.88. The company has a market cap of $1.59 billion, a price-to-earnings ratio of -9.22 and a beta of 2.47. The company has a current ratio of 7.85, a quick ratio of 7.63 and a debt-to-equity ratio of 3.52. Aeva Technologies, Inc. has a 1 year low of $8.83 and a 1 year high of $31.30.

Institutional Trading of Aeva Technologies

Several hedge funds have recently added to or reduced their stakes in AEVA. Quantbot Technologies LP boosted its position in Aeva Technologies by 122.8% during the third quarter. Quantbot Technologies LP now owns 2,099 shares of the company's stock valued at $30,000 after buying an additional 1,157 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Aeva Technologies in the fourth quarter worth about $33,000. Jones Financial Companies Lllp lifted its stake 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 acquiring an additional 5,469 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Aeva Technologies during the 4th quarter valued at about $47,000. Finally, Daiwa Securities Group Inc. boosted its holdings in Aeva Technologies by 79.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,339 shares of the company's stock valued at $58,000 after acquiring an additional 1,922 shares during the period. 62.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on AEVA. Oppenheimer reaffirmed an "outperform" rating and issued a $42.00 price target on shares of Aeva Technologies in a report on Thursday, August 6th. Canaccord Genuity Group upped their price objective on shares of Aeva Technologies from $24.00 to $26.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Aeva Technologies in a research note on Friday, August 7th. Wall Street Zen downgraded Aeva Technologies from a "sell" rating to a "strong sell" rating in a research report on Saturday. Finally, Morgan Stanley lifted their price target on Aeva Technologies from $18.50 to $27.00 and gave the stock an "equal weight" rating in a research note on Friday, August 7th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $31.67.

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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