Insider Selling: Aeva Technologies, Inc. (NYSE:AEVA) CEO Sells 33,147 Shares of Stock

Aeva Technologies, Inc. (NYSE:AEVA) CEO Soroush Salehian Dardashti sold 33,147 shares of Aeva Technologies stock in a transaction on Monday, March 25th. The shares were sold at an average price of $3.95, for a total transaction of $130,930.65. Following the transaction, the chief executive officer now owns 4,525,554 shares in the company, valued at approximately $17,875,938.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Friday, March 22nd, Soroush Salehian Dardashti sold 67,791 shares of Aeva Technologies stock. The shares were sold at an average price of $4.03, for a total transaction of $273,197.73.
• On Wednesday, March 20th, Soroush Salehian Dardashti sold 75,791 shares of Aeva Technologies stock. The shares were sold at an average price of $4.65, for a total transaction of $352,428.15.

Aeva Technologies Stock Performance

Aeva Technologies stock opened at $3.54 on Thursday. Aeva Technologies, Inc. has a twelve month low of $2.33 and a twelve month high of $7.60. The company’s 50-day moving average price is $4.80 and its 200-day moving average price is $4.02.

Hedge Funds Weigh In On Aeva Technologies

Hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in Aeva Technologies during the 1st quarter valued at about $35,000. Commonwealth Equity Services LLC bought a new position in Aeva Technologies during the 3rd quarter valued at about $36,000. Quadrature Capital Ltd purchased a new stake in Aeva Technologies in the 3rd quarter valued at about $42,000. ExodusPoint Capital Management LP purchased a new stake in Aeva Technologies in the 4th quarter valued at about $31,000. Finally, Barclays PLC lifted its position in Aeva Technologies by 533.3% during the fourth quarter. Barclays PLC now owns 26,015 shares of the company’s stock valued at $35,000 after acquiring an additional 21,907 shares during the last quarter. 62.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AEVA shares. Roth Mkm lifted their target price on shares of Aeva Technologies from $5.00 to $7.50 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Oppenheimer reiterated an “outperform” rating and issued a $25.00 price target on shares of Aeva Technologies in a report on Wednesday, March 6th. Finally, Morgan Stanley lifted their price target on shares of Aeva Technologies to $5.10 and gave the company an “equal weight” rating in a report on Tuesday, March 19th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Aeva Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.90.

About Aeva Technologies

Aeva Technologies, Inc engages in the design, manufacturing, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in the United States, Thailand, Europe, the Middle East, and Asia. The company develops its products using frequency modulated continuous wave sensing technology.