Aeva Technologies, Inc. (NYSE:AEVA) CEO Sells $1,072,000.00 in Stock

Aeva Technologies, Inc. (NYSE:AEVA - Get Free Report) CEO Soroush Salehian Dardashti sold 200,000 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Aeva Technologies Trading Up 5.2 %

Shares of NYSE:AEVA traded up $0.33 during mid-day trading on Friday, reaching $6.71. The stock had a trading volume of 3,941,686 shares, compared to its average volume of 399,501. The company has a market cap of $361.55 million, a P/E ratio of -2.17 and a beta of 1.41. The business's 50 day moving average price is $3.96 and its 200 day moving average price is $3.98. Aeva Technologies, Inc. has a 1 year low of $2.20 and a 1 year high of $7.07.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AEVA. Barclays PLC raised its position in Aeva Technologies by 16.3% during the fourth quarter. Barclays PLC now owns 34,800 shares of the company's stock valued at $166,000 after purchasing an additional 4,890 shares during the period. Rhumbline Advisers lifted its position in Aeva Technologies by 13.2% in the fourth quarter. Rhumbline Advisers now owns 53,617 shares of the company's stock worth $255,000 after buying an additional 6,238 shares during the last quarter. American Century Companies Inc. boosted its stake in Aeva Technologies by 34.9% during the fourth quarter. American Century Companies Inc. now owns 25,689 shares of the company's stock worth $122,000 after buying an additional 6,640 shares during the period. Charles Schwab Investment Management Inc. increased 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 valued at $696,000 after acquiring an additional 8,007 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Aeva Technologies by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 621,191 shares of the company's stock valued at $2,951,000 after acquiring an additional 9,318 shares during the last quarter. 62.92% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Morgan Stanley raised their target price on Aeva Technologies from $4.87 to $5.22 and gave the stock an "equal weight" rating in a report on Friday, March 21st. Oppenheimer lifted their price objective on shares of Aeva Technologies from $5.00 to $6.00 and gave the company an "outperform" rating in a research report on Thursday, March 20th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $5.81.

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.