Soroush Salehian Dardashti Sells 250,000 Shares of Aeva Technologies, Inc. (NYSE:AEVA) Stock

Aeva Technologies, Inc. (NYSE:AEVA) CEO Soroush Salehian Dardashti sold 250,000 shares of Aeva Technologies stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $15.70, for a total value of $3,925,000.00. Following the completion of the transaction, the chief executive officer now owns 3,514,808 shares of the company’s stock, valued at approximately $55,182,485.60. The trade was a 6.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, March 26th, Soroush Salehian Dardashti sold 200,000 shares of Aeva Technologies stock. The shares were sold at an average price of $5.36, for a total value of $1,072,000.00.

Aeva Technologies Price Performance

AEVA opened at $14.96 on Wednesday. The company has a market capitalization of $822.95 million, a price-to-earnings ratio of -4.84 and a beta of 1.07. Aeva Technologies, Inc. has a 1-year low of $2.20 and a 1-year high of $18.74. The business has a 50 day moving average price of $7.86 and a two-hundred day moving average price of $5.43.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Oppenheimer lifted their target price on Aeva Technologies from $9.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, May 15th. Morgan Stanley boosted their price objective on Aeva Technologies from $5.22 to $11.00 and gave the stock an “equal weight” rating in a research report on Monday, May 12th. Canaccord Genuity Group boosted their price objective on Aeva Technologies from $9.50 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. Finally, Roth Capital boosted their price objective on Aeva Technologies from $6.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Aeva Technologies currently has an average rating of “Moderate Buy” and an average price target of $12.33.

Institutional Investors Weigh In On Aeva Technologies

A number of institutional investors have recently added to or reduced their stakes in AEVA. Jones Financial Companies Lllp lifted its position in Aeva Technologies by 27,345.0% in the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock worth $38,000 after purchasing an additional 5,469 shares during the period. PFG Investments LLC bought a new position in shares of Aeva Technologies in the fourth quarter valued at $48,000. Intech Investment Management LLC bought a new position in shares of Aeva Technologies in the fourth quarter valued at $52,000. Squarepoint Ops LLC bought a new position in shares of Aeva Technologies in the fourth quarter valued at $54,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Aeva Technologies in the fourth quarter valued at $63,000. 62.92% of the stock is currently owned by institutional investors and hedge funds.

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.