Key Points
- CTO Mina Rezk sold 100,000 Aeva Technologies shares at an average price of $24.01, generating $2.4 million and reducing her position by 5.86% to 1.61 million shares.
- Rezk has made several other sales recently, including 350,000 shares in June, 64,821 in July, and 10,304 later in July, indicating substantial recent insider selling.
- Analyst sentiment is mixed: the stock has a consensus “Hold” rating and a $31.67 price target, while institutional investors own 62.92% of the company.
Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) CEO Soroush Salehian Dardashti sold 30,514 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $24.32, for a total transaction of $742,100.48. Following the sale, the chief executive officer owned 1,220,808 shares in the company, valued at approximately $29,690,050.56. The trade was a 2.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Soroush Salehian Dardashti also recently made the following trade(s):
- On Monday, August 10th, Soroush Salehian Dardashti sold 219,486 shares of Aeva Technologies stock. The stock was sold at an average price of $24.03, for a total value of $5,274,248.58.
- On Monday, August 10th, Soroush Salehian Dardashti sold 55,099 shares of Aeva Technologies stock. The stock was sold at an average price of $24.02, for a total value of $1,323,477.98.
- On Monday, July 27th, Soroush Salehian Dardashti sold 10,304 shares of Aeva Technologies stock. The stock was sold at an average price of $15.40, for a total value of $158,681.60.
- On Wednesday, July 8th, Soroush Salehian Dardashti sold 64,821 shares of Aeva Technologies stock. The stock was sold at an average price of $21.16, for a total value of $1,371,612.36.
- On Tuesday, June 16th, Soroush Salehian Dardashti sold 50,000 shares of Aeva Technologies stock. The shares were sold at an average price of $24.57, for a total value of $1,228,500.00.
- On Tuesday, June 16th, Soroush Salehian Dardashti sold 225,349 shares of Aeva Technologies stock. The shares were sold at an average price of $24.57, for a total value of $5,536,824.93.
Aeva Technologies Trading Up 4.6%
Shares of NASDAQ:AEVA opened at $25.16 on Thursday. The stock has a 50 day moving average of $21.41 and a 200 day moving average of $17.88. The company has a market cap of $1.59 billion, a PE ratio of -9.22 and a beta of 2.47. Aeva Technologies, Inc. has a 12-month low of $8.83 and a 12-month high of $31.30. The company has a current ratio of 7.85, a quick ratio of 7.63 and a debt-to-equity ratio of 3.52.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Titan Global Capital Management USA LLC lifted its position in shares of Aeva Technologies by 95.1% in the first quarter. Titan Global Capital Management USA LLC now owns 159,743 shares of the company's stock worth $2,102,000 after buying an additional 77,856 shares in the last quarter. Sona Asset Management US LLC purchased a new position in Aeva Technologies in the first quarter worth about $987,000. Walleye Capital LLC purchased a new position in Aeva Technologies in the first quarter worth about $1,401,000. Siren L.L.C. bought a new stake in Aeva Technologies during the first quarter worth approximately $1,448,000. Finally, Melqart Asset Management UK Ltd increased its stake in Aeva Technologies by 45.1% during the fourth quarter. Melqart Asset Management UK Ltd now owns 547,436 shares of the company's stock worth $7,270,000 after acquiring an additional 170,096 shares during the last quarter. Hedge funds and other institutional investors own 62.92% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on AEVA. Canaccord Genuity Group raised their price objective on shares of Aeva Technologies from $24.00 to $26.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Morgan Stanley upped their price objective on Aeva Technologies from $18.50 to $27.00 and gave the stock an "equal weight" rating in a research note on Friday, August 7th. Oppenheimer reiterated an "outperform" rating and set a $42.00 target price on shares of Aeva Technologies in a research report on Thursday, August 6th. Wall Street Zen cut Aeva Technologies from a "sell" rating to a "strong sell" rating in a report on Saturday, August 8th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Aeva Technologies in a research note on Friday, August 7th. Two 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $31.67.
Get Our Latest Research 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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