Saurabh Sinha Sells 34,146 Shares of Aeva Technologies (NASDAQ:AEVA) Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 34,146 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $14.83, for a total value of $506,385.18. Following the transaction, the chief financial officer owned 547,226 shares of the company’s stock, valued at approximately $8,115,361.58. This trade represents a 5.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, August 18th, Saurabh Sinha sold 70,000 shares of Aeva Technologies stock. The shares were sold at an average price of $21.21, for a total value of $1,484,700.00.
• On Monday, July 27th, Saurabh Sinha sold 6,830 shares of Aeva Technologies stock. The stock was 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

NASDAQ:AEVA opened at $15.69 on Friday. The firm’s 50-day moving average is $19.57 and its 200-day moving average is $18.39. The company has a market cap of $989.10 million, a price-to-earnings ratio of -5.75 and a beta of 2.44. 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 52-week low of $8.83 and a 52-week high of $31.30.

Institutional Investors Weigh In On Aeva Technologies

Large investors have recently bought and sold shares of the business. Quantbot Technologies LP raised its position in Aeva Technologies by 122.8% in the 3rd quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock valued at $30,000 after purchasing an additional 1,157 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Aeva Technologies during the fourth quarter worth $33,000. Jones Financial Companies Lllp grew its holdings in shares of Aeva Technologies by 27,345.0% during the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock worth $38,000 after purchasing an additional 5,469 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Aeva Technologies in the fourth quarter valued at $47,000. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Aeva Technologies by 79.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,339 shares of the company’s stock valued at $58,000 after buying an additional 1,922 shares during the last quarter. 62.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AEVA has been the subject of a number of research reports. Canaccord Genuity Group raised their price objective 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 downgraded shares of Aeva Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, August 21st. 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 reiterated an “outperform” rating and set a $42.00 target price on shares of Aeva Technologies in a research report on Thursday, August 6th. Finally, The Goldman Sachs Group began coverage on shares of Aeva Technologies in a research report on Monday, August 24th. They issued a “neutral” rating and a $20.00 price target for the company. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $28.75.

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.