Soroush Salehian Dardashti Sells 200,000 Shares of Aeva Technologies, Inc. (NYSE:AEVA) Stock

Aeva Technologies, Inc. (NYSE:AEVA) CEO Soroush Salehian Dardashti sold 200,000 shares of the firm’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $5.36, for a total value of $1,072,000.00. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Aeva Technologies Trading Up 10.0 %

Aeva Technologies stock opened at $6.38 on Friday. The stock has a market cap of $343.77 million, a PE ratio of -2.06 and a beta of 1.41. The stock has a 50-day moving average price of $3.91 and a 200 day moving average price of $3.94. Aeva Technologies, Inc. has a 52 week low of $2.20 and a 52 week high of $6.45.

Institutional Investors Weigh In On Aeva Technologies

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

Analyst Upgrades and Downgrades

AEVA has been the subject of several recent research reports. Morgan Stanley raised their target price on shares of Aeva Technologies from $4.87 to $5.22 and gave the company an “equal weight” rating in a report on Friday, March 21st. Oppenheimer raised their price objective on shares of Aeva Technologies from $5.00 to $6.00 and gave the stock an “outperform” rating in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.