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 stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $5.36, for a total transaction 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 approximately $20,179,370.88. This represents a 5.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Aeva Technologies Stock Performance

Shares of NYSE:AEVA 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 firm has a market capitalization of $361.55 million, a P/E ratio of -2.17 and a beta of 1.41. The stock has a 50 day moving average price of $3.96 and a 200-day moving average price of $3.97.

Hedge Funds Weigh In On Aeva Technologies

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Morgan Stanley increased their price objective on Aeva Technologies from $4.87 to $5.22 and gave the stock an “equal weight” rating in a report 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 report on Thursday, March 20th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.