Aeva Technologies (NASDAQ:AEVA) CFO Saurabh Sinha Sells 12,147 Shares

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 12,147 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $12.96, for a total transaction of $157,425.12. Following the completion of the sale, the chief financial officer directly owned 708,365 shares of the company’s stock, valued at $9,180,410.40. This trade represents a 1.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

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

Aeva Technologies Trading Up 2.7%

Shares of NASDAQ:AEVA opened at $13.09 on Tuesday. The stock has a market capitalization of $786.45 million, a P/E ratio of -2.46 and a beta of 2.08. The stock’s 50-day moving average price is $13.07 and its 200-day moving average price is $17.28. Aeva Technologies, Inc. has a 12-month low of $2.52 and a 12-month high of $38.80.

Aeva Technologies (NASDAQ:AEVA) last released its earnings results on Wednesday, November 5th. The company reported ($0.46) earnings per share for the quarter. The company 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%. As a group, research analysts predict that Aeva Technologies, Inc. will post -2.7 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Aeva Technologies

Several large investors have recently added to or reduced their stakes in the stock. Sylebra Capital LLC increased its position in Aeva Technologies by 56.4% during the 1st quarter. Sylebra Capital LLC now owns 16,228,553 shares of the company’s stock valued at $113,600,000 after purchasing an additional 5,849,249 shares during the period. Duquesne Family Office LLC bought a new stake in shares of Aeva Technologies during the 3rd quarter valued at about $26,670,000. Millennium Management LLC purchased a new position in shares of Aeva Technologies during the third quarter valued at about $25,751,000. Delta Global Management LP bought a new position in Aeva Technologies in the third quarter worth about $18,139,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Aeva Technologies by 1,630.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,105,048 shares of the company’s stock worth $41,760,000 after buying an additional 1,041,176 shares during the period. Institutional investors own 62.92% of the company’s stock.

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.