Saurabh Sinha Sells 70,000 Shares of Aeva Technologies (NASDAQ:AEVA) Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 70,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $21.21, for a total transaction of $1,484,700.00. Following the completion of the sale, the chief financial officer owned 581,372 shares of the company’s stock, valued at $12,330,900.12. The trade was a 10.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Saurabh Sinha also recently made the following trade(s):

• On Monday, July 27th, Saurabh Sinha sold 6,830 shares of Aeva Technologies stock. The shares were sold at an average price of $15.40, for a total transaction of $105,182.00.
• On Wednesday, July 8th, Saurabh Sinha sold 20,620 shares of Aeva Technologies stock. The shares were sold at an average price of $21.16, for a total transaction of $436,319.20.
• On Thursday, July 2nd, Saurabh Sinha sold 11,212 shares of Aeva Technologies stock. The stock was sold at an average price of $26.75, for a total transaction of $299,921.00.

Aeva Technologies Stock Performance

Shares of AEVA opened at $18.29 on Friday. The company has a debt-to-equity ratio of 3.52, a current ratio of 7.85 and a quick ratio of 7.63. The stock has a 50-day moving average of $21.09 and a 200-day moving average of $18.19. The company has a market cap of $1.15 billion, a PE ratio of -6.70 and a beta of 2.47. Aeva Technologies, Inc. has a one year low of $8.83 and a one year high of $31.30.

Hedge Funds Weigh In On Aeva Technologies

Large investors have recently added to or reduced their stakes in the business. Titan Global Capital Management USA LLC raised its stake in shares of Aeva Technologies by 95.1% in the first quarter. Titan Global Capital Management USA LLC now owns 159,743 shares of the company’s stock worth $2,102,000 after purchasing an additional 77,856 shares during the last quarter. Sona Asset Management US LLC bought a new position in shares of Aeva Technologies in the first quarter valued at approximately $987,000. Walleye Capital LLC purchased a new position in shares of Aeva Technologies during the first quarter valued at approximately $1,401,000. Siren L.L.C. purchased a new position in shares of Aeva Technologies during the first quarter valued at approximately $1,448,000. Finally, Handelsbanken Fonder AB grew its holdings in Aeva Technologies by 158.3% during the fourth quarter. Handelsbanken Fonder AB now owns 1,445,409 shares of the company’s stock worth $19,202,000 after buying an additional 885,774 shares in the last quarter. Institutional investors own 62.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Oppenheimer reissued an “outperform” rating and issued a $42.00 price objective on shares of Aeva Technologies in a research note on Thursday, August 6th. Canaccord Genuity Group upped their target price on 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 reiterated a “sell (d-)” rating on shares of Aeva Technologies in a report on Friday, August 7th. Morgan Stanley lifted their price target on shares of Aeva Technologies from $18.50 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Finally, Wall Street Zen lowered shares of Aeva Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.67.

Aeva Technologies Company Profile

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.