Key Points
- CFO Saurabh Sinha sold 20,609 shares of Aeva on January 9 at an average price of $18.85 for about $388,480, leaving him with 687,756 shares (a 2.91% reduction in his position).
- Sinha has been selling repeatedly in recent months (Jan 2, Nov 19 and Nov 5), disposing of an additional 65,687 shares, bringing his total disclosed recent sales to over 86,000 shares.
- Aeva shares opened at $19.90 (50‑day MA $13.38, 200‑day MA $16.78) and the company remains unprofitable with negative EPS and very large negative margins; analysts have a consensus Hold rating and a $26.50 price target.
Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) CFO Saurabh Sinha sold 20,609 shares of Aeva Technologies stock in a transaction on Friday, January 9th. The stock was sold at an average price of $18.85, for a total value of $388,479.65. Following the sale, the chief financial officer directly owned 687,756 shares of the company's stock, valued at $12,964,200.60. This represents a 2.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Saurabh Sinha also recently made the following trade(s):
- On Friday, January 2nd, Saurabh Sinha sold 12,147 shares of Aeva Technologies stock. The shares were sold at an average price of $12.96, for a total transaction of $157,425.12.
- 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 transaction of $479,417.42.
- On Wednesday, November 5th, Saurabh Sinha sold 5,454 shares of Aeva Technologies stock. The stock was sold at an average price of $13.64, for a total transaction of $74,392.56.
Aeva Technologies Stock Up 4.2%
NASDAQ AEVA opened at $19.90 on Wednesday. The firm has a 50-day moving average price of $13.38 and a two-hundred day moving average price of $16.78. Aeva Technologies, Inc. has a 12-month low of $2.52 and a 12-month high of $38.80. The company has a market capitalization of $1.20 billion, a P/E ratio of -3.74 and a beta of 2.08.
Aeva Technologies (NASDAQ:AEVA - Get Free Report) last released 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%. Equities analysts expect that Aeva Technologies, Inc. will post -2.7 EPS for the current year.
Analyst Upgrades and Downgrades
AEVA has been the topic of several analyst reports. Weiss Ratings reissued a "sell (e+)" rating on shares of Aeva Technologies in a report on Monday, December 29th. Wall Street Zen cut shares of Aeva Technologies from a "hold" rating to a "sell" rating in a research report on Saturday, November 8th. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a $24.00 price objective on shares of Aeva Technologies in a research note on Thursday, December 4th. 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. Based on data from MarketBeat, Aeva Technologies presently has a consensus rating of "Hold" and a consensus price target of $26.50.
Check Out Our Latest Research Report on AEVA
Hedge Funds Weigh In On Aeva Technologies
Institutional investors have recently modified their holdings of the business. Quantbot Technologies LP lifted its position in shares of Aeva Technologies by 122.8% during the 3rd quarter. Quantbot Technologies LP now owns 2,099 shares of the company's stock worth $30,000 after buying an additional 1,157 shares during the last quarter. GAMMA Investing LLC raised its stake in Aeva Technologies by 92.2% during the second quarter. GAMMA Investing LLC now owns 865 shares of the company's stock worth $33,000 after acquiring an additional 415 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Aeva Technologies by 27,345.0% in the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company's stock worth $38,000 after acquiring an additional 5,469 shares during the last quarter. Total Investment Management Inc. acquired a new stake in shares of Aeva Technologies in the 2nd quarter valued at approximately $43,000. Finally, AlphaQuest LLC acquired a new position in Aeva Technologies during the 2nd quarter worth approximately $51,000. Institutional investors and hedge funds 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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