Aeva Technologies (NASDAQ:AEVA) Stock: Insider Soroush Salehian Dardashti Sells 42,262 Shares

Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Dardashti sold 42,262 shares of Aeva Technologies stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $8.82, for a total value of $372,750.84. Following the transaction, the chief executive officer owned 1,487,471 shares of the company’s stock, valued at $13,119,494.22. The trade was a 2.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 Tuesday, August 11th, Soroush Dardashti sold 30,514 shares of Aeva Technologies stock. The stock was sold at an average price of $24.32, for a total value of $742,100.48.
• On Monday, August 10th, Soroush Dardashti sold 219,486 shares of Aeva Technologies stock. The shares were sold at an average price of $24.03, for a total value of $5,274,248.58.
• On Monday, August 10th, Soroush Dardashti sold 55,099 shares of Aeva Technologies stock. The shares were sold at an average price of $24.02, for a total value of $1,323,477.98.

Aeva Technologies Stock Performance

AEVA opened at $11.00 on Friday. The company has a quick ratio of 7.63, a current ratio of 7.85 and a debt-to-equity ratio of 3.52. Aeva Technologies, Inc. has a 12-month low of $8.26 and a 12-month high of $31.30. The business has a 50 day moving average of $13.03 and a 200-day moving average of $16.69. The stock has a market cap of $693.44 million, a price-to-earnings ratio of -4.00 and a beta of 2.56.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new stake in Aeva Technologies in the 2nd quarter worth about $2,382,000. Titan Global Capital Management USA LLC grew its position in shares of Aeva Technologies by 95.1% during the 1st 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 in the last quarter. Brooklands Fund Management Ltd acquired a new position in shares of Aeva Technologies during the 3rd quarter worth approximately $23,158,000. Sona Asset Management US LLC acquired a new position in shares of Aeva Technologies during the 1st quarter worth approximately $987,000. Finally, Siren L.L.C. bought a new position in shares of Aeva Technologies during the first quarter worth approximately $1,448,000. Institutional investors own 62.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. The Goldman Sachs Group assumed coverage on shares of Aeva Technologies in a report on Monday, August 24th. They issued a “neutral” rating and a $20.00 price objective on the stock. Morgan Stanley raised their target price on shares of Aeva Technologies from $18.50 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Canaccord Genuity Group lifted their target price on shares of Aeva Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Wall Street Zen downgraded shares of Aeva Technologies from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th. Finally, Weiss Ratings upgraded Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, September 4th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $28.75.

Aeva Technologies Company Profile

Aeva Technologies, Inc develops sensing and perception systems designed to help machines understand their surroundings. The company’s core technology is a 4D lidar platform that uses frequency-modulated continuous-wave (FMCW) sensing to measure an object’s location, depth, and velocity, supporting applications that require real-time environmental awareness.

Its products include lidar sensors and related perception software for the automotive, industrial, robotics, mapping, and other machine-perception markets.