Aeva Technologies (NASDAQ:AEVA) CEO Soroush Salehian Dardashti Sells 10,304 Shares

Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Salehian Dardashti sold 10,304 shares of Aeva Technologies stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $15.40, for a total value of $158,681.60. Following the completion of the transaction, the chief executive officer owned 1,584,832 shares in the company, valued at $24,406,412.80. The trade was a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 Wednesday, July 8th, Soroush Salehian Dardashti sold 64,821 shares of Aeva Technologies stock. The stock was 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 value of $5,536,824.93.
• On Tuesday, May 5th, Soroush Salehian Dardashti sold 41,083 shares of Aeva Technologies stock. The stock was sold at an average price of $15.04, for a total value of $617,888.32.

Aeva Technologies Stock Down 4.8%

Shares of AEVA stock opened at $13.99 on Thursday. Aeva Technologies, Inc. has a 12 month low of $8.83 and a 12 month high of $31.30. The firm has a market cap of $881.93 million, a PE ratio of -2.80 and a beta of 2.40. The stock has a 50 day moving average of $22.36 and a 200-day moving average of $17.71. The company has a quick ratio of 3.89, a current ratio of 4.09 and a debt-to-equity ratio of 7.32.

Aeva Technologies (NASDAQ:AEVA) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.53) by $0.12. The company had revenue of $6.26 million during the quarter. On average, equities analysts predict that Aeva Technologies, Inc. will post -2.26 EPS for the current year.

Analyst Ratings Changes

AEVA has been the topic of several research analyst reports. Wall Street Zen lowered shares of Aeva Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings raised shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $21.50.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Quantbot Technologies LP lifted its position in Aeva Technologies by 122.8% in the third quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock worth $30,000 after purchasing an additional 1,157 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Aeva Technologies in the 4th quarter valued at $33,000. Jones Financial Companies Lllp increased its holdings 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 valued at $38,000 after buying an additional 5,469 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Aeva Technologies in the 4th quarter valued at $47,000. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Aeva Technologies by 79.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,339 shares of the company’s stock worth $58,000 after acquiring an additional 1,922 shares during the period. 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.