Aeva Technologies Execs Sell 286,000+ Shares Worth $6.76M During Volatility
AEVA•Aeva CFO Saurabh sold 11,212 shares at $26.75 on July 2, reducing his holdings to 678,822 shares following the CEO’s divestiture of over 275,000 shares for $6.76 million. The stock has surged 81% year-to-date—trailing competitors Ouster’s 130% and Vishay Precision Group’s 216% gains—while displaying notable volatility.
1. Insider Selling Details
Chief Financial Officer Saurabh sold 11,212 shares at $26.75 on July 2, leaving his ownership at 678,822 shares. This followed the CEO’s sale of over 275,000 shares for $6.76 million on June 16.
2. Year-to-Date Performance
Shares have climbed 81% year-to-date, trailing Ouster’s 130% gain and Vishay Precision Group’s 216% increase over the same period. This relative underperformance has drawn scrutiny given the growth in the lidar sensor market.
3. Stock Volatility and Market Cap
The stock jumped 11% to $28.55 before plunging 13.74% to $23.98, reflecting high volatility. The company’s market capitalization stands at approximately $1.51 billion.
