Aeva Technologies, Inc. (NYSE:AEVA) CEO Soroush Salehian Dardashti Sells 85,601 Shares

Aeva Technologies, Inc. (NYSE:AEVA) CEO Soroush Salehian Dardashti sold 85,601 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $2.84, for a total transaction of $243,106.84. Following the completion of the sale, the chief executive officer now directly owns 4,379,207 shares of the company’s stock, valued at $12,436,947.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, September 5th, Soroush Salehian Dardashti sold 49,678 shares of Aeva Technologies stock. The stock was sold at an average price of $2.55, for a total transaction of $126,678.90.

Aeva Technologies Stock Performance

Shares of AEVA opened at $2.50 on Friday. The firm has a market cap of $132.12 million, a PE ratio of -0.80 and a beta of 1.40. The firm’s 50 day moving average price is $2.99 and its 200 day moving average price is $3.51. Aeva Technologies, Inc. has a twelve month low of $2.20 and a twelve month high of $7.25.

Aeva Technologies (NYSE:AEVA) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.67) EPS for the quarter, beating the consensus estimate of ($0.70) by $0.03. Aeva Technologies had a negative return on equity of 66.27% and a negative net margin of 2,399.43%. The company had revenue of $2.01 million for the quarter, compared to the consensus estimate of $1.58 million. On average, sell-side analysts anticipate that Aeva Technologies, Inc. will post -2.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Roth Mkm reduced their price target on shares of Aeva Technologies from $7.50 to $5.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Craig Hallum cut their price objective on shares of Aeva Technologies from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Westpark Capital reaffirmed a “hold” rating on shares of Aeva Technologies in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.03.

Hedge Funds Weigh In On Aeva Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parkwood LLC grew its stake in shares of Aeva Technologies by 78.4% in the fourth quarter. Parkwood LLC now owns 609,825 shares of the company’s stock worth $462,000 after acquiring an additional 268,046 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of Aeva Technologies in the first quarter worth $633,000. Bank of New York Mellon Corp grew its stake in shares of Aeva Technologies by 40.3% in the second quarter. Bank of New York Mellon Corp now owns 76,107 shares of the company’s stock worth $192,000 after acquiring an additional 21,865 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Aeva Technologies in the second quarter worth $118,000. Finally, Susquehanna Fundamental Investments LLC grew its stake in shares of Aeva Technologies by 82.3% in the second quarter. Susquehanna Fundamental Investments LLC now owns 27,083 shares of the company’s stock worth $68,000 after acquiring an additional 12,227 shares during the last quarter. Institutional investors and hedge funds own 62.92% of the company’s stock.

Aeva Technologies Company Profile

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.