Key Points
- CFO Saurabh Sinha sold 12,147 shares on Jan 2 at an average price of $12.96 for a total of $157,425.12, reducing his stake by 1.69% to 708,365 shares (valued at about $9.18M).
- Sinha has made other recent sales, including 48,086 shares on Nov 19 at $9.97 (~$479,417) and 5,454 shares on Nov 5 at $13.64 (~$74,393), indicating continued insider selling.
- Aeva’s fundamentals are weak: last quarter EPS was ($0.46) on $3.58M revenue, the company has a negative net margin and ROE, a market cap of ~$786.5M, and a MarketBeat consensus rating of "Hold" with a $26.50 price target.
Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) CFO Saurabh Sinha sold 12,147 shares of Aeva Technologies stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $12.96, for a total value of $157,425.12. Following the sale, the chief financial officer owned 708,365 shares in the company, valued at $9,180,410.40. This represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 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 transaction of $74,392.56.
Aeva Technologies Price Performance
NASDAQ:AEVA opened at $13.09 on Tuesday. The firm's 50-day moving average price is $13.07 and its 200-day moving average price is $17.28. The company has a market capitalization of $786.45 million, a PE ratio of -2.46 and a beta of 2.08. Aeva Technologies, Inc. has a 1-year low of $2.52 and a 1-year high of $38.80.
Aeva Technologies (NASDAQ:AEVA - Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.46) EPS for the quarter. The business had revenue of $3.58 million for the quarter. Aeva Technologies had a negative return on equity of 603.21% and a negative net margin of 1,031.15%. Equities analysts anticipate that Aeva Technologies, Inc. will post -2.7 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on AEVA shares. Wall Street Zen cut Aeva Technologies from a "hold" rating to a "sell" rating in a research note on Saturday, November 8th. Canaccord Genuity Group restated a "buy" rating and set a $24.00 price target on shares of Aeva Technologies in a report on Thursday, December 4th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Aeva Technologies in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Aeva Technologies presently has a consensus rating of "Hold" and a consensus price target of $26.50.
View Our Latest Analysis on Aeva Technologies
Hedge Funds Weigh In On Aeva Technologies
A number of hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP grew its stake in shares of Aeva Technologies by 122.8% in the third quarter. Quantbot Technologies LP now owns 2,099 shares of the company's stock worth $30,000 after acquiring an additional 1,157 shares during the period. GAMMA Investing LLC boosted its holdings in 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 last quarter. Jones Financial Companies Lllp grew its position in Aeva Technologies by 27,345.0% in the 1st quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company's stock worth $38,000 after purchasing an additional 5,469 shares during the period. Total Investment Management Inc. purchased a new stake in Aeva Technologies during the 2nd quarter valued at $43,000. Finally, AlphaQuest LLC purchased a new stake in Aeva Technologies during the 2nd quarter valued at $51,000. Hedge funds and other institutional investors own 62.92% of the company's stock.
Aeva Technologies Company Profile
(
Get Free Report)
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.
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