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 on Wednesday, March 26th. The shares were sold at an average price of $5.36, for a total transaction of $1,072,000.00. Following the completion of the sale, the chief executive officer now directly owns 3,764,808 shares of the company’s stock, valued at approximately $20,179,370.88. This trade represents a 5.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Aeva Technologies Price Performance

Shares of AEVA stock traded up $0.61 during midday trading on Wednesday, hitting $5.80. The company had a trading volume of 2,732,184 shares, compared to its average volume of 371,259. The stock has a market cap of $312.52 million, a price-to-earnings ratio of -1.88 and a beta of 1.41. The company’s 50 day simple moving average is $3.87 and its 200 day simple moving average is $3.92. Aeva Technologies, Inc. has a 52-week low of $2.20 and a 52-week high of $5.80.

Hedge Funds Weigh In On Aeva Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of AEVA. Squarepoint Ops LLC purchased a new position in Aeva Technologies during the 4th quarter worth $54,000. Two Sigma Advisers LP increased its stake in shares of Aeva Technologies by 307.9% during the fourth 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 period. Two Sigma Investments LP raised its holdings in Aeva Technologies by 308.6% during the fourth 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 in the last quarter. 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 period. Finally, Millennium Management LLC acquired a new stake in Aeva Technologies in the fourth quarter valued at about $174,000. 62.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on AEVA shares. Oppenheimer boosted their target price on Aeva Technologies from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Thursday, March 20th. Morgan Stanley boosted their price objective on Aeva Technologies from $4.87 to $5.22 and gave the company an “equal weight” rating in a research note on Friday, March 21st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.