Aeva Technologies (NASDAQ:AEVA) Director Stephen Paul Zadesky Sells 2,984 Shares of Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) Director Stephen Paul Zadesky sold 2,984 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $25.41, for a total value of $75,823.44. Following the transaction, the director directly owned 92,898 shares of the company’s stock, valued at approximately $2,360,538.18. The trade was a 3.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Aeva Technologies Price Performance

Shares of NASDAQ AEVA opened at $23.54 on Wednesday. The company has a debt-to-equity ratio of 7.32, a quick ratio of 3.89 and a current ratio of 4.09. The firm has a fifty day moving average of $20.62 and a 200 day moving average of $16.72. The firm has a market cap of $1.48 billion, a PE ratio of -4.72 and a beta of 2.41. Aeva Technologies, Inc. has a one year low of $8.83 and a one year high of $38.80.

Institutional Investors Weigh In On Aeva Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Aeva Technologies by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock valued at $96,000 after acquiring an additional 630 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Aeva Technologies by 8.4% in the second quarter. The Manufacturers Life Insurance Company now owns 11,467 shares of the company’s stock valued at $433,000 after purchasing an additional 884 shares during the period. Quantbot Technologies LP acquired a new stake in Aeva Technologies during the second quarter worth about $36,000. Rockefeller Capital Management L.P. increased its position in Aeva Technologies by 19.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 7,159 shares of the company’s stock worth $95,000 after purchasing an additional 1,159 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in Aeva Technologies by 7.6% during the fourth quarter. MetLife Investment Management LLC now owns 20,001 shares of the company’s stock worth $266,000 after purchasing an additional 1,409 shares during the period. Institutional investors and hedge funds own 62.92% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Aeva Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $25.33.

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.