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 Aeva Technologies stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $5.36, for a total transaction of $1,072,000.00. Following the completion of the transaction, the chief executive officer now owns 3,764,808 shares in the company, valued at approximately $20,179,370.88. This trade represents a 5.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Aeva Technologies Stock Up 10.0 %

Aeva Technologies stock opened at $6.38 on Friday. The firm has a market capitalization of $343.77 million, a P/E ratio of -2.06 and a beta of 1.41. The firm has a fifty day moving average of $3.91 and a 200-day moving average of $3.94. Aeva Technologies, Inc. has a 52-week low of $2.20 and a 52-week high of $6.45.

Institutional Trading of Aeva Technologies

Large investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted 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 worth $696,000 after purchasing an additional 8,007 shares in the last quarter. State Street Corp raised its holdings in shares of Aeva Technologies by 5.5% during the 3rd quarter. State Street Corp now owns 452,309 shares of the company’s stock valued at $1,488,000 after buying an additional 23,593 shares during the period. Barclays PLC lifted its position in Aeva Technologies by 276.4% during the 3rd quarter. Barclays PLC now owns 29,910 shares of the company’s stock worth $98,000 after acquiring an additional 21,964 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Aeva Technologies by 14.2% in the 3rd quarter. Geode Capital Management LLC now owns 611,873 shares of the company’s stock worth $2,013,000 after acquiring an additional 76,044 shares during the period. Finally, PFG Investments LLC acquired a new stake in Aeva Technologies in the fourth quarter valued at approximately $48,000. 62.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Morgan Stanley increased their target price on Aeva Technologies from $4.87 to $5.22 and gave the stock an “equal weight” rating in a research report on Friday, March 21st. Oppenheimer raised their price objective on Aeva Technologies from $5.00 to $6.00 and gave the stock an “outperform” rating in a report on Thursday, March 20th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.