Key Points
- CFO Saurabh Sinha sold 32,079 shares of Aeva on March 3 at an average price of $13.94 for about $447,181, leaving him with 595,677 shares (≈$8.30M) — a 5.11% reduction in his position.
- Pattern of recent insider selling: Sinha also sold shares on Jan 15, Jan 9 and Jan 2 (60,000; 20,609; 12,147 shares), totaling roughly 124,835 shares sold for about $2.23M in recent transactions.
- Company outlook: AEVA traded near $14.74 and its latest quarter beat EPS estimates (-$0.49 vs. -$0.55) with revenue above forecasts, but the firm remains deeply unprofitable and carries an analyst consensus of "Hold" with an average target of $26.50.
Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) CFO Saurabh Sinha sold 32,079 shares of Aeva Technologies stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $13.94, for a total value of $447,181.26. Following the transaction, the chief financial officer directly owned 595,677 shares in the company, valued at approximately $8,303,737.38. This trade represents a 5.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Saurabh Sinha also recently made the following trade(s):
- On Thursday, January 15th, Saurabh Sinha sold 60,000 shares of Aeva Technologies stock. The shares were sold at an average price of $20.64, for a total value of $1,238,400.00.
- On Friday, January 9th, Saurabh Sinha sold 20,609 shares of Aeva Technologies stock. The stock was sold at an average price of $18.85, for a total transaction of $388,479.65.
- On Friday, January 2nd, Saurabh Sinha sold 12,147 shares of Aeva Technologies stock. The stock was sold at an average price of $12.96, for a total transaction of $157,425.12.
Aeva Technologies Price Performance
AEVA traded down $0.34 on Friday, reaching $14.74. 644,416 shares of the company traded hands, compared to its average volume of 3,209,619. The company has a market cap of $885.58 million, a price-to-earnings ratio of -2.91 and a beta of 2.09. The stock's 50 day moving average price is $14.80 and its 200-day moving average price is $14.64. 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 issued its earnings results on Thursday, February 26th. The company reported ($0.49) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.55) by $0.06. Aeva Technologies had a negative net margin of 804.40% and a negative return on equity of 603.21%. The company had revenue of $5.62 million during the quarter, compared to analyst estimates of $3.69 million. As a group, equities research analysts forecast that Aeva Technologies, Inc. will post -2.7 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Aeva Technologies
A number of institutional investors have recently modified their holdings of the company. Quantbot Technologies LP boosted its holdings 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 period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Aeva Technologies during the fourth quarter valued at about $33,000. Jones Financial Companies Lllp boosted its holdings in Aeva Technologies by 27,345.0% during the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company's stock valued at $38,000 after acquiring an additional 5,469 shares during the period. Total Investment Management Inc. acquired a new stake in shares of Aeva Technologies in the second quarter valued at about $43,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Aeva Technologies in the fourth quarter worth about $47,000. Institutional investors own 62.92% of the company's stock.
Analysts Set New Price Targets
AEVA has been the subject of a number of recent research reports. Canaccord Genuity Group reaffirmed a "buy" rating and set a $24.00 price target on shares of Aeva Technologies in a research note on Thursday, December 4th. Wall Street Zen lowered shares of Aeva Technologies from a "hold" rating to a "sell" rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Aeva Technologies in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $26.50.
Check Out Our Latest Stock Report on AEVA
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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