Key Points
- Soroush Salehian Dardashti, Aeva's CEO, sold 250,000 shares on Nov. 10 at $13.45 each for $3.3625M, reducing his direct stake by 11.71% to 1,884,808 shares; he also sold 39,702 shares on Nov. 5 and 200,000 shares on Aug. 13.
- Aeva reported weak results (Q3 EPS -$0.46, revenue $3.58M) and very negative margins/ROE, the stock trades around $13.60 with a ~$766M market cap, and analysts are mixed with a consensus rating of "Hold" and a $24.50 target.
Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) CEO Soroush Salehian Dardashti sold 250,000 shares of the company's stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $13.45, for a total value of $3,362,500.00. Following the transaction, the chief executive officer directly owned 1,884,808 shares in the company, valued at $25,350,667.60. This represents a 11.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Soroush Salehian Dardashti also recently made the following trade(s):
- On Wednesday, November 5th, Soroush Salehian Dardashti sold 39,702 shares of Aeva Technologies stock. The stock was sold at an average price of $13.64, for a total value of $541,535.28.
- On Wednesday, August 13th, Soroush Salehian Dardashti sold 200,000 shares of Aeva Technologies stock. The stock was sold at an average price of $13.45, for a total value of $2,690,000.00.
Aeva Technologies Stock Up 4.1%
Shares of Aeva Technologies stock opened at $13.60 on Tuesday. The firm has a market capitalization of $766.09 million, a P/E ratio of -2.56 and a beta of 2.04. The company has a 50 day moving average price of $15.92 and a 200 day moving average price of $18.29. Aeva Technologies, Inc. has a 52 week low of $2.52 and a 52 week high of $38.80.
Aeva Technologies (NASDAQ:AEVA - Get Free Report) last released its earnings results on Wednesday, November 5th. The company reported ($0.46) earnings per share for the quarter. Aeva Technologies had a negative return on equity of 753.07% and a negative net margin of 1,031.15%.The company had revenue of $3.58 million for the quarter. As a group, research analysts anticipate that Aeva Technologies, Inc. will post -2.7 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on AEVA shares. Morgan Stanley boosted their price objective on shares of Aeva Technologies from $11.00 to $19.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Aeva Technologies in a research report on Wednesday, October 8th. Wall Street Zen lowered Aeva Technologies from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Oppenheimer raised their price objective on Aeva Technologies from $18.00 to $33.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Three equities research 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $24.50.
Check Out Our Latest Stock Report on AEVA
Hedge Funds Weigh In On Aeva Technologies
A number of institutional investors have recently modified their holdings of AEVA. Abbot Financial Management Inc. purchased a new stake in shares of Aeva Technologies in the third quarter worth about $371,000. Counterpoint Mutual Funds LLC purchased a new position in Aeva Technologies during the third quarter valued at approximately $491,000. Vanguard Group Inc. lifted its holdings in Aeva Technologies by 12.5% in the third quarter. Vanguard Group Inc. now owns 1,576,930 shares of the company's stock valued at $22,865,000 after acquiring an additional 175,482 shares during the period. Essex Investment Management Co. LLC purchased a new stake in Aeva Technologies in the 3rd quarter worth approximately $610,000. Finally, Oppenheimer & Co. Inc. boosted its position in Aeva Technologies by 58.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 43,061 shares of the company's stock worth $624,000 after purchasing an additional 15,862 shares in the last quarter. Hedge funds and other institutional investors own 62.92% of the company's stock.
About Aeva Technologies
(
Get Free Report)
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.
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