Aeva Technologies, Inc. (NYSE:AEVA) CEO Sells $483,999.55 in Stock

Aeva Technologies, Inc. (NYSE:AEVA) CEO Soroush Salehian Dardashti sold 107,795 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $4.49, for a total transaction of $483,999.55. Following the completion of the transaction, the chief executive officer now owns 4,097,013 shares in the company, valued at approximately $18,395,588.37. This trade represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Thursday, September 5th, Soroush Salehian Dardashti sold 49,678 shares of Aeva Technologies stock. The stock was sold at an average price of $2.55, for a total transaction of $126,678.90.

Aeva Technologies Trading Down 4.4 %

Shares of NYSE:AEVA traded down $0.20 during mid-day trading on Tuesday, reaching $4.31. 683,821 shares of the company traded hands, compared to its average volume of 309,975. The company’s 50 day moving average price is $3.85 and its 200-day moving average price is $3.28. Aeva Technologies, Inc. has a 52 week low of $2.20 and a 52 week high of $7.25.

Analyst Ratings Changes

AEVA has been the subject of several research analyst reports. Roth Mkm increased their price objective on Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Craig Hallum raised their price objective on Aeva Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Westpark Capital reiterated a “hold” rating on shares of Aeva Technologies in a report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Aeva Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $10.53.

Institutional Trading of Aeva Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp grew its stake in Aeva Technologies by 40.3% during the second quarter. Bank of New York Mellon Corp now owns 76,107 shares of the company’s stock valued at $192,000 after acquiring an additional 21,865 shares in the last quarter. American Century Companies Inc. bought a new stake in Aeva Technologies in the 2nd quarter worth approximately $38,000. Dimensional Fund Advisors LP purchased a new stake in shares of Aeva Technologies during the 2nd quarter worth approximately $118,000. Sei Investments Co. purchased a new position in shares of Aeva Technologies in the second quarter valued at $39,000. Finally, Susquehanna Fundamental Investments LLC increased its position in Aeva Technologies by 82.3% in the second quarter. Susquehanna Fundamental Investments LLC now owns 27,083 shares of the company’s stock worth $68,000 after purchasing an additional 12,227 shares during the last quarter. 62.92% of the stock is owned by hedge funds and other institutional investors.

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.