Aeva Technologies (NASDAQ:AEVA) CEO Soroush Salehian Dardashti Sells 250,000 Shares

by · The Cerbat Gem

Aeva Technologies, Inc. (NASDAQ:AEVA – Get Free Report) CEO Soroush Salehian Dardashti sold 250,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $13.45, for a total value of $3,362,500.00. Following the transaction, the chief executive officer directly owned 1,884,808 shares of the company’s stock, valued at $25,350,667.60. This trade represents a 11.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Soroush Salehian Dardashti also recently made the following trade(s):

  • On Wednesday, November 5th, Soroush Salehian Dardashti sold 39,702 shares of Aeva Technologies stock. The stock was sold at an average price of $13.64, for a total value of $541,535.28.
  • On Wednesday, August 13th, Soroush Salehian Dardashti sold 200,000 shares of Aeva Technologies stock. The stock was sold at an average price of $13.45, for a total value of $2,690,000.00.

Aeva Technologies Stock Up 4.1%

AEVA stock traded up $0.54 during mid-day trading on Monday, reaching $13.60. The company had a trading volume of 3,022,320 shares, compared to its average volume of 2,035,899. Aeva Technologies, Inc. has a one year low of $2.52 and a one year high of $38.80. The stock has a market capitalization of $766.09 million, a P/E ratio of -2.56 and a beta of 2.04. The stock’s 50-day simple moving average is $15.92 and its two-hundred day simple moving average is $18.29.

Aeva Technologies (NASDAQ:AEVA – Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.46) earnings per share for the quarter. The firm had revenue of $3.58 million during the quarter. Aeva Technologies had a negative return on equity of 753.07% and a negative net margin of 1,031.15%. On average, research analysts forecast that Aeva Technologies, Inc. will post -2.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AEVA. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aeva Technologies in a research report on Wednesday, October 8th. Morgan Stanley increased their price target on Aeva Technologies from $11.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Oppenheimer raised their price target on Aeva Technologies from $18.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, July 16th. Finally, Wall Street Zen downgraded shares of Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday. Three research 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. Based on data from MarketBeat, Aeva Technologies presently has a consensus rating of “Hold” and an average price target of $24.50.

Check Out Our Latest Report on Aeva Technologies

Hedge Funds Weigh In On Aeva Technologies

Hedge funds have recently modified their holdings of the company. Abbot Financial Management Inc. acquired a new stake in shares of Aeva Technologies in the third quarter valued at $371,000. Counterpoint Mutual Funds LLC acquired a new position in Aeva Technologies during the third quarter worth about $491,000. Vanguard Group Inc. raised its position in Aeva Technologies by 12.5% in the third quarter. Vanguard Group Inc. now owns 1,576,930 shares of the company’s stock worth $22,865,000 after acquiring an additional 175,482 shares in the last quarter. Essex Investment Management Co. LLC acquired a new stake in Aeva Technologies in the 3rd quarter valued at about $610,000. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Aeva Technologies by 58.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 43,061 shares of the company’s stock valued at $624,000 after purchasing an additional 15,862 shares in the last quarter. 62.92% of the stock is currently owned by institutional investors and hedge funds.

About Aeva Technologies

(Get Free Report)

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.

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