Saurabh Sinha Sells 20,609 Shares of Aeva Technologies (NASDAQ:AEVA) Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 20,609 shares of the stock in a transaction on Friday, January 9th. The shares were sold at an average price of $18.85, for a total value of $388,479.65. Following the transaction, the chief financial officer directly owned 687,756 shares of the company’s stock, valued at approximately $12,964,200.60. The trade was a 2.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, January 2nd, Saurabh Sinha sold 12,147 shares of Aeva Technologies stock. The stock was sold at an average price of $12.96, for a total value of $157,425.12.
• On Wednesday, November 19th, Saurabh Sinha sold 48,086 shares of Aeva Technologies stock. The shares were sold at an average price of $9.97, for a total value of $479,417.42.
• On Wednesday, November 5th, Saurabh Sinha sold 5,454 shares of Aeva Technologies stock. The shares were sold at an average price of $13.64, for a total value of $74,392.56.

Aeva Technologies Stock Up 4.0%

NASDAQ:AEVA opened at $20.69 on Thursday. The business’s 50-day moving average price is $13.52 and its 200 day moving average price is $16.81. Aeva Technologies, Inc. has a 52-week low of $2.52 and a 52-week high of $38.80. The firm has a market cap of $1.24 billion, a P/E ratio of -3.89 and a beta of 2.08.

Aeva Technologies (NASDAQ:AEVA) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.46) earnings per share for the quarter. The business 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%. Sell-side analysts expect that Aeva Technologies, Inc. will post -2.7 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in shares of Aeva Technologies by 92.2% in the second quarter. GAMMA Investing LLC now owns 865 shares of the company’s stock worth $33,000 after purchasing an additional 415 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Aeva Technologies by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock valued at $96,000 after buying an additional 630 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in Aeva Technologies by 4.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 17,731 shares of the company’s stock valued at $670,000 after buying an additional 808 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Aeva Technologies by 8.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,467 shares of the company’s stock worth $433,000 after buying an additional 884 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Aeva Technologies during the second quarter worth approximately $36,000. 62.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Canaccord Genuity Group restated a “buy” rating and set a $24.00 price objective on shares of Aeva Technologies in a research report on Thursday, December 4th. Wall Street Zen cut shares of Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Aeva Technologies in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $26.50.

About Aeva Technologies

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.