Saurabh Sinha Sells 32,079 Shares of Aeva Technologies (NASDAQ:AEVA) Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 32,079 shares of Aeva Technologies stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $13.94, for a total value of $447,181.26. Following the completion of the sale, the chief financial officer directly owned 595,677 shares of the company’s stock, valued at approximately $8,303,737.38. This represents a 5.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, January 15th, Saurabh Sinha sold 60,000 shares of Aeva Technologies stock. The shares were sold at an average price of $20.64, for a total transaction of $1,238,400.00.
• On Friday, January 9th, Saurabh Sinha sold 20,609 shares of Aeva Technologies stock. The stock was sold at an average price of $18.85, for a total transaction of $388,479.65.
• On Friday, January 2nd, Saurabh Sinha sold 12,147 shares of Aeva Technologies stock. The shares were sold at an average price of $12.96, for a total transaction of $157,425.12.

Aeva Technologies Trading Down 6.0%

Shares of Aeva Technologies stock opened at $14.17 on Friday. The stock has a market capitalization of $851.33 million, a P/E ratio of -2.79 and a beta of 2.09. Aeva Technologies, Inc. has a twelve month low of $2.52 and a twelve month high of $38.80. The business’s fifty day moving average price is $14.82 and its 200 day moving average price is $14.65.

Aeva Technologies (NASDAQ:AEVA) last posted its earnings results on Thursday, February 26th. The company reported ($0.49) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.06. Aeva Technologies had a negative net margin of 804.40% and a negative return on equity of 603.21%. The firm had revenue of $5.62 million during the quarter, compared to the consensus estimate of $3.69 million. As a group, sell-side analysts predict that Aeva Technologies, Inc. will post -2.7 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AEVA. Titan Global Capital Management USA LLC bought a new stake in shares of Aeva Technologies in the 2nd quarter worth about $2,500,000. Campbell & CO Investment Adviser LLC acquired a new stake in Aeva Technologies during the second quarter valued at approximately $1,125,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Aeva Technologies during the 2nd quarter worth approximately $7,960,000. Employees Retirement System of Texas acquired a new position in shares of Aeva Technologies in the 2nd quarter worth approximately $2,859,000. Finally, Geode Capital Management LLC grew its position in shares of Aeva Technologies by 28.7% in the 2nd quarter. Geode Capital Management LLC now owns 808,205 shares of the company’s stock worth $30,548,000 after acquiring an additional 180,269 shares in the last quarter. Hedge funds and other institutional investors own 62.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aeva Technologies in a research report on Monday, December 29th. Canaccord Genuity Group restated a “buy” rating and issued a $24.00 price target on shares of Aeva Technologies in a report on Thursday, December 4th. Finally, Wall Street Zen lowered shares of Aeva Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Aeva Technologies presently has an average rating of “Hold” and a consensus price target of $26.50.

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.