Aeva Technologies (NASDAQ:AEVA) CEO Soroush Salehian Dardashti Sells 42,262 Shares of Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Dardashti sold 42,262 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $8.82, for a total transaction of $372,750.84. Following the completion of the sale, the chief executive officer owned 1,487,471 shares of the company’s stock, valued at approximately $13,119,494.22. The trade was a 2.76% decrease in their ownership of the stock. The sale was disclosed in a legal 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.

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

• On Tuesday, August 11th, Soroush Dardashti sold 30,514 shares of Aeva Technologies stock. The stock was sold at an average price of $24.32, for a total transaction of $742,100.48.
• On Monday, August 10th, Soroush Dardashti sold 219,486 shares of Aeva Technologies stock. The shares were sold at an average price of $24.03, for a total value of $5,274,248.58.
• On Monday, August 10th, Soroush Dardashti sold 55,099 shares of Aeva Technologies stock. The stock was sold at an average price of $24.02, for a total transaction of $1,323,477.98.

Aeva Technologies Stock Up 19.7%

Shares of AEVA stock traded up $1.81 during midday trading on Friday, reaching $11.00. 3,094,172 shares of the stock were exchanged, compared to its average volume of 1,709,326. The company’s 50 day moving average is $13.03 and its two-hundred day moving average is $16.69. The company has a current ratio of 7.85, a quick ratio of 7.63 and a debt-to-equity ratio of 3.52. The firm has a market cap of $693.44 million, a PE ratio of -4.00 and a beta of 2.56. Aeva Technologies, Inc. has a 1 year low of $8.26 and a 1 year high of $31.30.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of Aeva Technologies in a research note on Monday, August 24th. They issued a “neutral” rating and a $20.00 price target for the company. Canaccord Genuity Group lifted their price objective on Aeva Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Morgan Stanley upped their target price on shares of Aeva Technologies from $18.50 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Wall Street Zen cut shares of Aeva Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings upgraded Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, September 4th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Aeva Technologies currently has a consensus rating of “Hold” and a consensus target price of $28.75.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. boosted its position in Aeva Technologies by 19.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 7,159 shares of the company’s stock valued at $95,000 after acquiring an additional 1,159 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Aeva Technologies by 1.8% during the first quarter. Bank of New York Mellon Corp now owns 96,156 shares of the company’s stock valued at $1,265,000 after acquiring an additional 1,743 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Aeva Technologies by 15.6% in the third quarter. Russell Investments Group Ltd. now owns 13,067 shares of the company’s stock worth $183,000 after buying an additional 1,765 shares during the last quarter. Quantinno Capital Management LP lifted its position in Aeva Technologies by 15.4% during the 1st quarter. Quantinno Capital Management LP now owns 24,141 shares of the company’s stock worth $318,000 after acquiring an additional 3,218 shares during the period. Finally, Next Capital Management LLC acquired a new stake in Aeva Technologies during the 2nd quarter valued at approximately $211,000. 62.92% of the stock is currently owned by institutional investors.

Aeva Technologies Company Profile

Aeva Technologies, Inc develops sensing and perception systems designed to help machines understand their surroundings. The company’s core technology is a 4D lidar platform that uses frequency-modulated continuous-wave (FMCW) sensing to measure an object’s location, depth, and velocity, supporting applications that require real-time environmental awareness.

Its products include lidar sensors and related perception software for the automotive, industrial, robotics, mapping, and other machine-perception markets.