Insider Selling: Aeva Technologies, Inc. (NYSE:AEVA) CEO Sells 200,000 Shares of Stock

Aeva Technologies, Inc. (NYSE:AEVA) CEO Soroush Salehian Dardashti sold 200,000 shares of the 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 sale, the chief executive officer now owns 3,764,808 shares of the company’s stock, valued at $20,179,370.88. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Aeva Technologies Stock Up 11.8 %

Shares of Aeva Technologies stock opened at $5.80 on Thursday. Aeva Technologies, Inc. has a 12 month low of $2.20 and a 12 month high of $5.81. The stock has a market cap of $312.52 million, a PE ratio of -1.88 and a beta of 1.41. The business has a fifty day simple moving average of $3.87 and a 200-day simple moving average of $3.92.

Institutional Investors Weigh In On Aeva Technologies

Institutional investors have recently bought and sold shares of the business. PFG Investments LLC acquired a new position in shares of Aeva Technologies in the 4th quarter valued at about $48,000. Intech Investment Management LLC acquired a new position in Aeva Technologies in the 4th quarter valued at approximately $52,000. Squarepoint Ops LLC acquired a new position in Aeva Technologies in the 4th quarter valued at approximately $54,000. Susquehanna Fundamental Investments LLC purchased a new stake in Aeva Technologies in the 4th quarter worth approximately $63,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Aeva Technologies during the 4th quarter valued at $78,000. 62.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AEVA has been the subject of several analyst reports. Oppenheimer upped 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 upped 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Aeva Technologies presently has an average 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.