Have Aeva Technologies Insiders Been Selling Stock?
Aeva Technologies, Inc. AEVA | 0.00 |
We'd be surprised if Aeva Technologies, Inc. (NASDAQ:AEVA) shareholders haven't noticed that the Chief Financial Officer, Saurabh Sinha, recently sold US$300k worth of stock at US$26.75 per share. On the bright side, that sale was only 1.6% of their holding, so we doubt it's very meaningful, on its own.
Aeva Technologies Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the Co-Founder, Soroush Dardashti, for US$6.3m worth of shares, at about US$12.96 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$23.98. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. This single sale was just 16% of Soroush Dardashti's stake.
Aeva Technologies insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
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Does Aeva Technologies Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Aeva Technologies insiders own 7.7% of the company, worth about US$126m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Aeva Technologies Tell Us?
Insiders sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
