Key Points
- CFO Saurabh Sinha sold 60,000 shares of Aeva on Jan 15 at an average price of $20.64 for proceeds of $1,238,400, leaving him with 627,756 shares (an 8.72% reduction in his holdings).
- Since November, Sinha has sold roughly 146,300 shares for about $2.34 million in total across multiple transactions (Nov 5, Nov 19, Jan 2, Jan 9 and Jan 15).
- Aeva sits at a $1.19 billion market cap with a deeply negative EPS and margins (recent quarter EPS -$0.46; negative return on equity and net margin), while analysts are mixed with a consensus "Hold" and an average target of $26.50.
Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) CFO Saurabh Sinha sold 60,000 shares of the business's stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $20.64, for a total transaction of $1,238,400.00. Following the completion of the sale, the chief financial officer directly owned 627,756 shares of the company's stock, valued at $12,956,883.84. This represents a 8.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Saurabh Sinha also recently made the following trade(s):
- On Friday, January 9th, Saurabh Sinha sold 20,609 shares of Aeva Technologies stock. The shares were sold at an average price of $18.85, for a total value of $388,479.65.
- 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 value of $157,425.12.
- On Wednesday, November 19th, Saurabh Sinha sold 48,086 shares of Aeva Technologies stock. The shares were 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 stock was sold at an average price of $13.64, for a total value of $74,392.56.
Aeva Technologies Stock Performance
Shares of AEVA stock opened at $19.82 on Friday. The company has a market capitalization of $1.19 billion, a P/E ratio of -3.73 and a beta of 2.08. Aeva Technologies, Inc. has a fifty-two week low of $2.52 and a fifty-two week high of $38.80. The stock has a 50 day moving average price of $13.66 and a two-hundred day moving average price of $16.83.
Aeva Technologies (NASDAQ:AEVA - Get Free Report) last issued its earnings results on Wednesday, November 5th. The company reported ($0.46) EPS for the quarter. Aeva Technologies had a negative return on equity of 603.21% and a negative net margin of 1,031.15%.The firm had revenue of $3.58 million during the quarter. As a group, equities analysts predict that Aeva Technologies, Inc. will post -2.7 earnings per share for the current year.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Weiss Ratings reiterated a "sell (e+)" rating on shares of Aeva Technologies in a report on Monday, December 29th. Canaccord Genuity Group reiterated a "buy" rating and issued a $24.00 price objective on shares of Aeva Technologies in a report on Thursday, December 4th. Finally, Wall Street Zen cut Aeva Technologies from a "hold" rating to a "sell" rating in a research note on Saturday, November 8th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $26.50.
Read Our Latest Analysis on Aeva Technologies
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in AEVA. Duquesne Family Office LLC bought a new position in shares of Aeva Technologies in the 3rd quarter worth approximately $26,670,000. Millennium Management LLC bought a new position in Aeva Technologies in the third quarter worth $25,751,000. Vanguard Group Inc. lifted its position in Aeva Technologies by 12.5% during the third quarter. Vanguard Group Inc. now owns 1,576,930 shares of the company's stock valued at $22,865,000 after buying an additional 175,482 shares during the period. Delta Global Management LP bought a new stake in shares of Aeva Technologies during the 3rd quarter valued at $18,139,000. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Aeva Technologies by 1,630.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,105,048 shares of the company's stock worth $41,760,000 after buying an additional 1,041,176 shares during the period. 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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