Soroush Salehian Dardashti Sells 10,304 Shares of Aeva Technologies (NASDAQ:AEVA) Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Salehian Dardashti sold 10,304 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $15.40, for a total value of $158,681.60. Following the completion of the sale, the chief executive officer owned 1,584,832 shares of the company’s stock, valued at $24,406,412.80. The trade was a 0.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Soroush Salehian Dardashti also recently made the following trade(s):

• On Wednesday, July 8th, Soroush Salehian Dardashti sold 64,821 shares of Aeva Technologies stock. The stock was sold at an average price of $21.16, for a total value of $1,371,612.36.
• On Tuesday, June 16th, Soroush Salehian Dardashti sold 50,000 shares of Aeva Technologies stock. The shares were sold at an average price of $24.57, for a total value of $1,228,500.00.
• On Tuesday, June 16th, Soroush Salehian Dardashti sold 225,349 shares of Aeva Technologies stock. The shares were sold at an average price of $24.57, for a total value of $5,536,824.93.
• On Tuesday, May 5th, Soroush Salehian Dardashti sold 41,083 shares of Aeva Technologies stock. The stock was sold at an average price of $15.04, for a total value of $617,888.32.

Aeva Technologies Trading Up 18.1%

NASDAQ:AEVA opened at $16.52 on Friday. The stock has a market cap of $1.04 billion, a PE ratio of -3.31 and a beta of 2.40. Aeva Technologies, Inc. has a fifty-two week low of $8.83 and a fifty-two week high of $31.30. The company has a debt-to-equity ratio of 7.32, a current ratio of 4.09 and a quick ratio of 3.89. The stock’s 50-day moving average is $22.26 and its two-hundred day moving average is $17.69.

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

Hedge Funds Weigh In On Aeva Technologies

Several hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC lifted its position in shares of Aeva Technologies by 29.2% in the first quarter. AQR Capital Management LLC now owns 20,849 shares of the company’s stock worth $146,000 after buying an additional 4,707 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Aeva Technologies by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock worth $96,000 after purchasing an additional 630 shares during the period. Jones Financial Companies Lllp grew its holdings in Aeva Technologies by 27,345.0% during the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock valued at $38,000 after purchasing an additional 5,469 shares during the last quarter. Prudential Financial Inc. bought a new position in shares of Aeva Technologies in the second quarter valued at approximately $446,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Aeva Technologies in the second quarter valued at approximately $1,239,000. 62.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on AEVA. Wall Street Zen cut Aeva Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings raised Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $21.50.

Aeva Technologies Company 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.