Key Points
- Aeva Technologies CFO Saurabh Sinha sold 70,000 shares for approximately $1.48 million at an average price of $21.21, reducing his direct ownership by 10.75% to 581,372 shares.
- AEVA shares opened at $18.87 and were down 4.6%, with the stock trading between a 52-week low of $8.83 and high of $31.30. The company has a market capitalization of about $1.19 billion.
- Analyst sentiment remains mixed, with ratings ranging from strong sell to outperform; MarketBeat reports a consensus rating of Hold and an average price target of $31.67.
Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) CFO Saurabh Sinha sold 70,000 shares of the firm's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $21.21, for a total value of $1,484,700.00. Following the transaction, the chief financial officer directly owned 581,372 shares of the company's stock, valued at approximately $12,330,900.12. This represents a 10.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Saurabh Sinha also recently made the following trade(s):
- On Monday, July 27th, Saurabh Sinha sold 6,830 shares of Aeva Technologies stock. The stock was sold at an average price of $15.40, for a total value of $105,182.00.
- On Wednesday, July 8th, Saurabh Sinha sold 20,620 shares of Aeva Technologies stock. The shares were sold at an average price of $21.16, for a total value of $436,319.20.
- On Thursday, July 2nd, Saurabh Sinha sold 11,212 shares of Aeva Technologies stock. The shares were sold at an average price of $26.75, for a total value of $299,921.00.
Aeva Technologies Trading Down 4.6%
Shares of AEVA stock opened at $18.87 on Friday. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -6.91 and a beta of 2.47. The stock has a 50-day moving average of $21.22 and a 200-day moving average of $18.19. The company has a current ratio of 7.85, a quick ratio of 7.63 and a debt-to-equity ratio of 3.52. Aeva Technologies, Inc. has a 1-year low of $8.83 and a 1-year high of $31.30.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Aeva Technologies in a research report on Friday, August 7th. Canaccord Genuity Group boosted their price target on shares of Aeva Technologies from $24.00 to $26.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Morgan Stanley upped their price objective on shares of Aeva Technologies from $18.50 to $27.00 and gave the company an "equal weight" rating in a research note on Friday, August 7th. Wall Street Zen cut shares of Aeva Technologies from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 8th. Finally, Oppenheimer reissued an "outperform" rating and set a $42.00 target price on shares of Aeva Technologies in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $31.67.
View Our Latest Report on AEVA
Institutional Investors Weigh In On Aeva Technologies
Several institutional investors and hedge funds have recently made changes to their positions in AEVA. AQR Capital Management LLC increased its holdings in Aeva Technologies by 29.2% in the first quarter. AQR Capital Management LLC now owns 20,849 shares of the company's stock worth $146,000 after purchasing an additional 4,707 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Aeva Technologies by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company's stock worth $96,000 after buying an additional 630 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Aeva Technologies by 27,345.0% during the 1st quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company's stock worth $38,000 after buying an additional 5,469 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of Aeva Technologies during the 2nd quarter worth approximately $446,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Aeva Technologies during the 2nd quarter worth approximately $1,239,000. Institutional investors own 62.92% of the company's stock.
About Aeva Technologies
(
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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