Aeva Technologies, Inc. (NYSE:AEVA) CEO Soroush Salehian Dardashti Sells 33,147 Shares

Aeva Technologies, Inc. (NYSE:AEVA) CEO Soroush Salehian Dardashti sold 33,147 shares of Aeva Technologies stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $3.95, for a total transaction of $130,930.65. Following the sale, the chief executive officer now owns 4,525,554 shares of the company’s stock, valued at $17,875,938.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, March 22nd, Soroush Salehian Dardashti sold 67,791 shares of Aeva Technologies stock. The stock was sold at an average price of $4.03, for a total transaction of $273,197.73.
• On Wednesday, March 20th, Soroush Salehian Dardashti sold 75,791 shares of Aeva Technologies stock. The stock was sold at an average price of $4.65, for a total transaction of $352,428.15.

Aeva Technologies Stock Up 11.2 %

AEVA stock opened at $3.94 on Friday. Aeva Technologies, Inc. has a twelve month low of $2.33 and a twelve month high of $7.60. The firm has a market cap of $207.63 million, a PE ratio of -1.21 and a beta of 1.42. The business has a 50 day moving average of $4.78 and a 200 day moving average of $4.02.

Aeva Technologies (NYSE:AEVA) last announced its quarterly earnings results on Tuesday, March 5th. The company reported ($0.70) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.75) by $0.05. The firm had revenue of $1.61 million for the quarter, compared to the consensus estimate of $1.59 million. Aeva Technologies had a negative net margin of 3,463.20% and a negative return on equity of 52.88%. On average, research analysts expect that Aeva Technologies, Inc. will post -2.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on AEVA shares. Roth Mkm upped their target price on Aeva Technologies from $5.00 to $7.50 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Morgan Stanley upped their price target on Aeva Technologies to $5.10 and gave the stock an “equal weight” rating in a research note on Tuesday, March 19th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $25.00 price objective on shares of Aeva Technologies in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.90.

Hedge Funds Weigh In On Aeva Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Sylebra Capital LLC boosted its stake in shares of Aeva Technologies by 91.5% during the 4th quarter. Sylebra Capital LLC now owns 51,896,560 shares of the company’s stock worth $39,322,000 after acquiring an additional 24,795,027 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Aeva Technologies by 16.6% in the third quarter. Vanguard Group Inc. now owns 12,957,850 shares of the company’s stock worth $24,231,000 after purchasing an additional 1,841,986 shares during the period. State Street Corp increased its stake in shares of Aeva Technologies by 2.9% in the second quarter. State Street Corp now owns 2,876,189 shares of the company’s stock worth $3,595,000 after purchasing an additional 82,319 shares in the last quarter. Geode Capital Management LLC increased its stake in Aeva Technologies by 2.5% in the 1st quarter. Geode Capital Management LLC now owns 1,865,973 shares of the company’s stock worth $2,221,000 after buying an additional 45,480 shares in the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Aeva Technologies by 249.7% during the third quarter. Two Sigma Investments LP now owns 1,212,233 shares of the company’s stock worth $2,267,000 after acquiring an additional 865,543 shares during the last quarter. Hedge funds and other institutional investors own 62.92% of the company’s stock.

About Aeva Technologies

Aeva Technologies, Inc engages in the design, manufacturing, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in the United States, Thailand, Europe, the Middle East, and Asia. The company develops its products using frequency modulated continuous wave sensing technology.