Soroush Salehian Dardashti Sells 64,787 Shares of Aeva Technologies (NASDAQ:AEVA) Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CEO Soroush Salehian Dardashti sold 64,787 shares of the business’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $18.85, for a total value of $1,221,234.95. Following the completion of the sale, the chief executive officer directly owned 1,766,412 shares of the company’s stock, valued at approximately $33,296,866.20. This trade represents a 3.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Friday, January 2nd, Soroush Salehian Dardashti sold 488,160 shares of Aeva Technologies stock. The stock was sold at an average price of $12.96, for a total value of $6,326,553.60.
• On Monday, November 10th, Soroush Salehian Dardashti sold 250,000 shares of Aeva Technologies stock. The stock was sold at an average price of $13.45, for a total value of $3,362,500.00.
• On Wednesday, November 5th, Soroush Salehian Dardashti sold 39,702 shares of Aeva Technologies stock. The shares were sold at an average price of $13.64, for a total value of $541,535.28.

Aeva Technologies Stock Performance

Shares of Aeva Technologies stock opened at $20.69 on Thursday. Aeva Technologies, Inc. has a 52-week low of $2.52 and a 52-week high of $38.80. The company’s 50 day moving average price is $13.52 and its 200-day moving average price is $16.81. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -3.89 and a beta of 2.08.

Aeva Technologies (NASDAQ:AEVA) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.46) EPS for the quarter. The firm had revenue of $3.58 million for 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, equities research analysts forecast that Aeva Technologies, Inc. will post -2.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP boosted its position in shares of Aeva Technologies by 122.8% during the third quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock valued at $30,000 after purchasing an additional 1,157 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Aeva Technologies by 92.2% during the 2nd quarter. GAMMA Investing LLC now owns 865 shares of the company’s stock valued at $33,000 after buying an additional 415 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Aeva Technologies by 27,345.0% during the 1st quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock valued at $38,000 after buying an additional 5,469 shares in the last quarter. Total Investment Management Inc. purchased a new stake in shares of Aeva Technologies in the 2nd quarter worth about $43,000. Finally, AlphaQuest LLC bought a new position in shares of Aeva Technologies in the 2nd quarter worth about $51,000. 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.