Sona Asset Management US LLC Invests $987,000 in Aeva Technologies, Inc. $AEVA

Sona Asset Management US LLC acquired a new stake in shares of Aeva Technologies, Inc. (NASDAQ:AEVA) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 75,000 shares of the company’s stock, valued at approximately $987,000.

A number of other large investors have also modified their holdings of the company. Quantbot Technologies LP bought a new position in Aeva Technologies in the second quarter worth $36,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Aeva Technologies in the 4th quarter valued at $33,000. Daiwa Securities Group Inc. bought a new position in shares of Aeva Technologies during the 2nd quarter worth about $100,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Aeva Technologies during the 4th quarter valued at about $47,000. Finally, Tower Research Capital LLC TRC increased its stake in Aeva Technologies by 127.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,311 shares of the company’s stock valued at $163,000 after acquiring an additional 2,419 shares during the period. 62.92% of the stock is currently owned by institutional investors and hedge funds.

Aeva Technologies Price Performance

Shares of NASDAQ AEVA opened at $14.85 on Monday. Aeva Technologies, Inc. has a 52-week low of $8.83 and a 52-week high of $31.30. The company has a debt-to-equity ratio of 7.32, a quick ratio of 3.89 and a current ratio of 4.09. The business has a fifty day moving average of $22.66 and a two-hundred day moving average of $17.76. The stock has a market cap of $936.14 million, a PE ratio of -2.98 and a beta of 2.40.

Aeva Technologies (NASDAQ:AEVA) last posted its earnings results on Wednesday, May 6th. The company reported ($0.41) earnings per share for the quarter, topping the consensus estimate of ($0.53) by $0.12. The firm had revenue of $6.26 million during the quarter. As a group, equities research analysts expect that Aeva Technologies, Inc. will post -2.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on AEVA. Weiss Ratings upgraded shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Wall Street Zen lowered Aeva Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $21.50.

Insider Buying and Selling at Aeva Technologies

In other Aeva Technologies news, CTO Mina Rezk sold 350,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $24.57, for a total transaction of $8,599,500.00. Following the sale, the chief technology officer directly owned 1,706,669 shares of the company’s stock, valued at approximately $41,932,857.33. This represents a 17.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Soroush Salehian Dardashti sold 225,349 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $24.57, for a total transaction of $5,536,824.93. Following the sale, the chief executive officer directly owned 1,659,957 shares of the company’s stock, valued at approximately $40,785,143.49. The trade was a 11.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 863,922 shares of company stock worth $20,034,803 over the last ninety days. Corporate insiders own 36.70% of the company’s stock.

Aeva Technologies 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.