Soroush Salehian Dardashti Sells 41,083 Shares of Aeva Technologies (NASDAQ:AEVA) Stock

Aeva Technologies, Inc. (NASDAQ:AEVAGet Free Report) CEO Soroush Salehian Dardashti sold 41,083 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $15.04, for a total value of $617,888.32. Following the transaction, the chief executive officer directly owned 1,725,329 shares of the company’s stock, valued at approximately $25,948,948.16. This represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Aeva Technologies Stock Down 17.6%

Shares of NASDAQ AEVA traded down $2.91 during midday trading on Thursday, hitting $13.66. 5,760,919 shares of the company’s stock were exchanged, compared to its average volume of 1,294,886. The company has a debt-to-equity ratio of 7.32, a current ratio of 4.28 and a quick ratio of 4.12. Aeva Technologies, Inc. has a twelve month low of $8.83 and a twelve month high of $38.80. The company has a market cap of $860.31 million, a PE ratio of -2.74 and a beta of 2.20. The firm’s fifty day simple moving average is $14.60 and its 200-day simple moving average is $14.33.

Hedge Funds Weigh In On Aeva Technologies

A number of large investors have recently made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in shares of Aeva Technologies in the second quarter valued at about $36,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Aeva Technologies during the fourth quarter worth about $33,000. Daiwa Securities Group Inc. purchased a new position in Aeva Technologies in the second quarter valued at about $100,000. Caitong International Asset Management Co. Ltd purchased a new position in Aeva Technologies in the fourth quarter valued at about $47,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Aeva Technologies during the 3rd quarter valued at approximately $57,000. Hedge funds and other institutional investors own 62.92% of the company’s stock.

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Analysts Set New Price Targets

AEVA has been the subject of a number of research reports. Wall Street Zen raised shares of Aeva Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Aeva Technologies in a research report on Friday, March 27th. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $26.50.

Check Out Our Latest Analysis on AEVA

About Aeva Technologies

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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.

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