Aeva Technologies (NASDAQ:AEVA) CFO Sells $388,479.65 in Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 20,609 shares of the stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $18.85, for a total transaction of $388,479.65. Following the sale, the chief financial officer directly owned 687,756 shares in the company, valued at approximately $12,964,200.60. The trade was a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 value of $157,425.12.
• On Wednesday, November 19th, Saurabh Sinha sold 48,086 shares of Aeva Technologies stock. The stock was sold at an average price of $9.97, for a total value of $479,417.42.
• On Wednesday, November 5th, Saurabh Sinha sold 5,454 shares of Aeva Technologies stock. The shares were sold at an average price of $13.64, for a total transaction of $74,392.56.

Aeva Technologies Trading Up 4.2%

Aeva Technologies stock traded up $0.80 during mid-day trading on Tuesday, hitting $19.90. The company’s stock had a trading volume of 3,080,846 shares, compared to its average volume of 3,262,559. The firm has a market capitalization of $1.20 billion, a PE ratio of -3.74 and a beta of 2.08. The stock’s fifty day moving average is $13.38 and its two-hundred day moving average is $16.78. Aeva Technologies, Inc. has a 1 year low of $2.52 and a 1 year high of $38.80.

Aeva Technologies (NASDAQ:AEVA) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.46) EPS for the quarter. The business had revenue of $3.58 million during the quarter. Aeva Technologies had a negative net margin of 1,031.15% and a negative return on equity of 603.21%. On average, equities analysts expect that Aeva Technologies, Inc. will post -2.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in shares of Aeva Technologies by 92.2% in the 2nd quarter. GAMMA Investing LLC now owns 865 shares of the company’s stock valued at $33,000 after buying an additional 415 shares during the period. Quantbot Technologies LP bought a new position in Aeva Technologies in the second quarter worth about $36,000. Total Investment Management Inc. acquired a new position in Aeva Technologies in the second quarter valued at approximately $43,000. AlphaQuest LLC acquired a new position in Aeva Technologies in the second quarter valued at approximately $51,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Aeva Technologies by 356.3% during the second quarter. Nisa Investment Advisors LLC now owns 2,122 shares of the company’s stock valued at $80,000 after purchasing an additional 1,657 shares during the last quarter. 62.92% of the stock is currently owned by institutional investors.

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.