Key Points
- Aeva Technologies CFO Saurabh Sinha sold 34,146 shares for approximately $506,385, reducing his direct stake by 5.87% to 547,226 shares. The sale was made to cover tax withholding obligations from vested equity awards.
- AEVA opened at $15.69, with a market capitalization of about $989 million and a 52-week trading range of $8.83 to $31.30. Hedge funds and other institutions own approximately 62.92% of the company.
- Analyst views remain mixed, resulting in a consensus “Hold” rating and an average price target of $28.75; individual targets range from $20 at Goldman Sachs to $42 at Oppenheimer.
Aeva Technologies, Inc. (NASDAQ:AEVA - Get Free Report) CFO Saurabh Sinha sold 34,146 shares of the business's stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $14.83, for a total transaction of $506,385.18. Following the completion of the transaction, the chief financial officer directly owned 547,226 shares in the company, valued at $8,115,361.58. This trade represents a 5.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Saurabh Sinha also recently made the following trade(s):
- On Tuesday, August 18th, Saurabh Sinha sold 70,000 shares of Aeva Technologies stock. The stock was sold at an average price of $21.21, for a total transaction of $1,484,700.00.
- On Monday, July 27th, Saurabh Sinha sold 6,830 shares of Aeva Technologies stock. The shares were sold at an average price of $15.40, for a total transaction 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 transaction of $436,319.20.
- On Thursday, July 2nd, Saurabh Sinha sold 11,212 shares of Aeva Technologies stock. The stock was sold at an average price of $26.75, for a total transaction of $299,921.00.
Aeva Technologies Stock Up 2.8%
AEVA opened at $15.69 on Friday. The company has a market capitalization of $989.10 million, a PE ratio of -5.75 and a beta of 2.44. The firm has a 50-day simple moving average of $19.57 and a two-hundred day simple moving average of $18.39. The company has a quick ratio of 7.63, a current ratio of 7.85 and a debt-to-equity ratio of 3.52. Aeva Technologies, Inc. has a 52 week low of $8.83 and a 52 week high of $31.30.
Analysts Set New Price Targets
Several research firms have weighed in on AEVA. The Goldman Sachs Group started coverage on Aeva Technologies in a report on Monday, August 24th. They set a "neutral" rating and a $20.00 price target for the company. Weiss Ratings lowered Aeva Technologies from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Friday, August 21st. Morgan Stanley boosted their target price on Aeva Technologies from $18.50 to $27.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. Oppenheimer restated an "outperform" rating and issued a $42.00 price target on shares of Aeva Technologies in a research report on Thursday, August 6th. Finally, 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. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Aeva Technologies presently has a consensus rating of "Hold" and an average target price of $28.75.
Get Our Latest Stock Analysis on AEVA
Institutional Investors Weigh In On Aeva Technologies
Several hedge funds and other institutional investors have recently modified their holdings of the business. AQR Capital Management LLC lifted its stake in shares of Aeva Technologies by 29.2% during the 1st quarter. AQR Capital Management LLC now owns 20,849 shares of the company's stock worth $146,000 after acquiring an additional 4,707 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Aeva Technologies by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company's stock worth $96,000 after purchasing an additional 630 shares during the last quarter. Jones Financial Companies Lllp grew 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 purchasing an additional 5,469 shares during the last quarter. Prudential Financial Inc. purchased a new position in Aeva Technologies in the 2nd quarter worth about $446,000. Finally, Russell Investments Group Ltd. bought a new stake in Aeva Technologies during the 2nd quarter valued at about $1,239,000. 62.92% of the stock is currently owned by hedge funds and other institutional investors.
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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