Aeva Technologies, Inc. (NYSE:AEVA) Shares Sold by Canaan Partners XI LLC

Canaan Partners XI LLC reduced its holdings in shares of Aeva Technologies, Inc. (NYSE:AEVAFree Report) by 80.0% in the first quarter, HoldingsChannel.com reports. The fund owned 3,697,039 shares of the company’s stock after selling 14,788,158 shares during the quarter. Aeva Technologies accounts for 16.0% of Canaan Partners XI LLC’s holdings, making the stock its 2nd biggest position. Canaan Partners XI LLC owned 0.07% of Aeva Technologies worth $14,529,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Parkwood LLC grew its stake in shares of Aeva Technologies by 78.4% in the 4th quarter. Parkwood LLC now owns 609,825 shares of the company’s stock valued at $462,000 after buying an additional 268,046 shares during the period. 62.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Aeva Technologies

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 33,147 shares of Aeva Technologies stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $3.95, for a total transaction of $130,930.65. Following the transaction, the chief executive officer now owns 4,525,554 shares of the company’s stock, valued at approximately $17,875,938.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 34.60% of the company’s stock.

Aeva Technologies Stock Up 0.4 %

AEVA stock traded up $0.01 during mid-day trading on Wednesday, reaching $2.77. 216,068 shares of the company traded hands, compared to its average volume of 187,403. The stock has a market cap of $146.39 million, a price-to-earnings ratio of -0.89 and a beta of 1.44. Aeva Technologies, Inc. has a fifty-two week low of $2.33 and a fifty-two week high of $7.25. The firm’s 50 day moving average price is $3.25 and its 200 day moving average price is $4.06.

Aeva Technologies (NYSE:AEVAGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.66) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.02. The business had revenue of $2.11 million during the quarter, compared to the consensus estimate of $1.70 million. Aeva Technologies had a negative return on equity of 58.54% and a negative net margin of 2,835.99%. On average, analysts anticipate that Aeva Technologies, Inc. will post -2.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AEVA has been the subject of several research reports. Morgan Stanley raised their target price on Aeva Technologies to $5.10 and gave the company an “equal weight” rating in a research note on Tuesday, March 19th. Craig Hallum reduced their target price on Aeva Technologies from $10.00 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Finally, Oppenheimer restated an “outperform” rating and issued a $25.00 target price on shares of Aeva Technologies in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Aeva Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.92.

Check Out Our Latest Stock Analysis on Aeva Technologies

About Aeva Technologies

(Free Report)

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.

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Institutional Ownership by Quarter for Aeva Technologies (NYSE:AEVA)

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