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

Aeva Technologies, Inc. (NASDAQ:AEVA) 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 value of $742,100.48. Following the completion of the sale, the chief executive officer directly owned 1,220,808 shares of the company’s stock, valued at approximately $29,690,050.56. This trade represents a 2.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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 stock was sold at an average price of $24.02, for a total value 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 Trading Up 4.6%

Aeva Technologies stock opened at $25.16 on Thursday. The company has a debt-to-equity ratio of 3.52, a quick ratio of 7.63 and a current ratio of 7.85. Aeva Technologies, Inc. has a fifty-two week low of $8.83 and a fifty-two week high of $31.30. The stock has a market cap of $1.59 billion, a P/E ratio of -9.22 and a beta of 2.47. The firm’s fifty day moving average price is $21.41 and its 200-day moving average price is $17.88.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AEVA shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aeva Technologies in a research note on Friday, August 7th. Wall Street Zen cut shares of Aeva Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Oppenheimer reissued 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 raised their price objective on shares of Aeva Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Morgan Stanley lifted their price objective 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. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $31.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Duquesne Family Office LLC purchased a new stake in shares of Aeva Technologies in the 3rd quarter valued at $26,670,000. Millennium Management LLC bought a new position in shares of Aeva Technologies during the 3rd quarter valued at $25,751,000. Delta Global Management LP raised its position in Aeva Technologies by 29.7% in the 4th quarter. Delta Global Management LP now owns 1,623,148 shares of the company’s stock worth $21,555,000 after purchasing an additional 372,159 shares during the period. Vanguard Group Inc. raised its position in Aeva Technologies by 12.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,576,930 shares of the company’s stock worth $22,865,000 after purchasing an additional 175,482 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in Aeva Technologies by 158.3% in the fourth quarter. Handelsbanken Fonder AB now owns 1,445,409 shares of the company’s stock worth $19,202,000 after purchasing an additional 885,774 shares during the last quarter. 62.92% of the stock is currently owned by institutional investors.

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.