Aeva Technologies, Inc. (NYSE:AEVA) CEO Sells $1,072,000.00 in Stock

Aeva Technologies, Inc. (NYSE:AEVA) CEO Soroush Salehian Dardashti sold 200,000 shares of the business’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $5.36, for a total value of $1,072,000.00. Following the transaction, the chief executive officer now directly owns 3,764,808 shares of the company’s stock, valued at $20,179,370.88. The trade was a 5.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Aeva Technologies Stock Performance

Shares of Aeva Technologies stock opened at $6.71 on Friday. Aeva Technologies, Inc. has a 52-week low of $2.20 and a 52-week high of $7.07. The company has a fifty day moving average of $3.96 and a 200-day moving average of $3.97. The stock has a market capitalization of $361.55 million, a price-to-earnings ratio of -2.17 and a beta of 1.41.

Institutional Trading of Aeva Technologies

Institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC purchased a new position in shares of Aeva Technologies in the fourth quarter worth about $54,000. Two Sigma Advisers LP grew its position in Aeva Technologies by 307.9% during the 4th quarter. Two Sigma Advisers LP now owns 48,700 shares of the company’s stock worth $231,000 after acquiring an additional 36,760 shares during the last quarter. Two Sigma Investments LP increased its stake in Aeva Technologies by 308.6% in the 4th quarter. Two Sigma Investments LP now owns 74,288 shares of the company’s stock worth $353,000 after purchasing an additional 56,107 shares during the period. Parkwood LLC lifted its position in Aeva Technologies by 415.7% in the fourth quarter. Parkwood LLC now owns 1,426,627 shares of the company’s stock valued at $6,776,000 after purchasing an additional 1,150,000 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Aeva Technologies during the fourth quarter valued at approximately $174,000. 62.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AEVA. Morgan Stanley boosted their price target on shares of Aeva Technologies from $4.87 to $5.22 and gave the stock an “equal weight” rating in a research note on Friday, March 21st. Oppenheimer raised their price target on Aeva Technologies from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Thursday, March 20th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.81.

Aeva Technologies Company Profile

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.