Aeva Technologies, Inc. (NYSE:AEVA – Get Rating) CFO Saurabh Sinha sold 11,997 shares of the company's stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $2.75, for a total value of $32,991.75. Following the sale, the chief financial officer now directly owns 192,797 shares of the company's stock, valued at $530,191.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Aeva Technologies Stock Down 0.4 %
AEVA traded down $0.01 on Wednesday, hitting $2.73. 1,176,790 shares of the company traded hands, compared to its average volume of 1,357,104. The company has a 50 day moving average of $3.39 and a 200-day moving average of $3.48. The stock has a market capitalization of $594.59 million, a PE ratio of -4.64 and a beta of 0.90. Aeva Technologies, Inc. has a 12-month low of $2.46 and a 12-month high of $10.75.
Get Aeva Technologies alerts:Aeva Technologies (NYSE:AEVA – Get Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.16) EPS for the quarter, meeting the consensus estimate of ($0.16). Aeva Technologies had a negative return on equity of 27.32% and a negative net margin of 1,407.47%. During the same quarter in the prior year, the firm posted ($0.11) earnings per share. On average, research analysts anticipate that Aeva Technologies, Inc. will post -0.69 EPS for the current year.
Wall Street Analyst Weigh In
Separately, Piper Sandler upped their price objective on Aeva Technologies from $3.00 to $4.50 and gave the company a "neutral" rating in a research note on Thursday, August 4th.Hedge Funds Weigh In On Aeva Technologies
A number of large investors have recently modified their holdings of the business. Arizona State Retirement System raised its stake in shares of Aeva Technologies by 12.4% during the 2nd quarter. Arizona State Retirement System now owns 29,267 shares of the company's stock worth $92,000 after buying an additional 3,235 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Aeva Technologies by 45.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 13,824 shares of the company's stock worth $60,000 after buying an additional 4,339 shares in the last quarter. MQS Management LLC raised its stake in shares of Aeva Technologies by 40.5% during the 2nd quarter. MQS Management LLC now owns 16,541 shares of the company's stock worth $52,000 after buying an additional 4,770 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Aeva Technologies during the 4th quarter worth approximately $37,000. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Aeva Technologies during the 4th quarter worth approximately $40,000. 47.10% of the stock is owned by hedge funds and other institutional investors.
About Aeva Technologies
(Get Rating)
Aeva Technologies, Inc, through its frequency modulated continuous wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that enables the adoption of LiDAR across various applications. from automated driving to consumer electronics, consumer health, industrial automation, and security application.
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