Aeva Technologies, Inc. (NYSE:AEVA) CEO Soroush Salehian Dardashti Sells 200,000 Shares

Aeva Technologies, Inc. (NYSE:AEVA) CEO Soroush Salehian Dardashti sold 200,000 shares of the firm’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $5.36, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Aeva Technologies Stock Performance

NYSE AEVA traded up $0.61 during trading hours on Wednesday, reaching $5.80. The company’s stock had a trading volume of 2,732,184 shares, compared to its average volume of 371,259. The company’s 50-day moving average is $3.87 and its two-hundred day moving average is $3.92. Aeva Technologies, Inc. has a fifty-two week low of $2.20 and a fifty-two week high of $5.80. The stock has a market cap of $312.52 million, a PE ratio of -1.88 and a beta of 1.41.

Institutional Trading of Aeva Technologies

Several institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers lifted its stake in Aeva Technologies by 13.2% in the 4th quarter. Rhumbline Advisers now owns 53,617 shares of the company’s stock valued at $255,000 after buying an additional 6,238 shares in the last quarter. Barclays PLC lifted its position in shares of Aeva Technologies by 276.4% in the third quarter. Barclays PLC now owns 29,910 shares of the company’s stock valued at $98,000 after acquiring an additional 21,964 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Aeva Technologies by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 211,452 shares of the company’s stock valued at $696,000 after acquiring an additional 8,007 shares during the last quarter. Geode Capital Management LLC increased its position in Aeva Technologies by 14.2% during the 3rd quarter. Geode Capital Management LLC now owns 611,873 shares of the company’s stock worth $2,013,000 after purchasing an additional 76,044 shares in the last quarter. Finally, State Street Corp increased its position in Aeva Technologies by 5.5% during the 3rd quarter. State Street Corp now owns 452,309 shares of the company’s stock worth $1,488,000 after purchasing an additional 23,593 shares in the last quarter. Hedge funds and other institutional investors own 62.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AEVA. Morgan Stanley raised their price objective on shares of Aeva Technologies from $4.87 to $5.22 and gave the company an “equal weight” rating in a research note on Friday, March 21st. Oppenheimer lifted their price target on shares of 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 issued a buy rating to the company. Based on data from MarketBeat, Aeva Technologies currently has an average rating of “Moderate Buy” and an average price target of $5.81.

About Aeva Technologies

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.