TLDR
- CEO Soroush Salehian Dardashti sold 488,160 shares on January 2 at $12.96 per share for $6.33 million, reducing his stake by 21.05%
- The sale was part of ongoing insider selling, including 250,000 shares in November and 39,702 shares in early November
- Aeva stock jumped 28% in pre-market trading on January 6 after being selected for NVIDIA’s DRIVE Hyperion autonomous vehicle platform
- The NVIDIA partnership targets production vehicles around 2028, positioning Aeva as a core LiDAR supplier for the autonomous vehicle market
- Analysts maintain a “Hold” consensus rating with an average price target of $26.50, while the stock trades near $13.09
Aeva Technologies experienced a whipsaw few days as CEO insider selling preceded a major partnership announcement that sent shares soaring.
Soroush Salehian Dardashti unloaded 488,160 shares on January 2 at an average price of $12.96. The transaction totaled roughly $6.33 million. Following the sale, Dardashti’s ownership dropped to 1,831,199 shares, representing a 21.05% decrease in his stake.
The timing raises eyebrows. Just days later, Aeva stock rocketed 28% higher in pre-market trading on January 6.
NVIDIA Partnership Changes the Game
The surge came after Aeva announced its 4D LiDAR technology was selected for NVIDIA’s DRIVE Hyperion autonomous vehicle platform at CES 2026. This represents a design win with one of the industry’s most influential players.
The partnership embeds Aeva’s technology into NVIDIA’s reference architecture for autonomous vehicles. This positions the company as a potential supplier for global automakers using NVIDIA’s systems.
Production vehicles incorporating this technology are targeted for around 2028. That timeline provides a clearer revenue path for a company currently burning cash.
Aeva reported a loss of $0.46 per share in its most recent quarterly results. Revenue came in at just $3.58 million for the quarter. The company operates with a negative net margin of 1,031.15% and a negative return on equity of 603.21%.
Aeva Technologies, Inc., AEVA
Recent Insider Activity Paints a Pattern
The CEO’s January 2 sale wasn’t isolated. Dardashti sold 250,000 shares on November 10 at $13.45 per share for $3.36 million. On November 5, he offloaded another 39,702 shares at $13.64, bringing in $541,535.
These repeated sales occurred while the stock traded in a range. Shares have bounced from a 52-week low of $2.52 to a high of $38.80. The current price around $13.09 sits well below the average analyst price target.
The stock carries a beta of 2.08, indicating higher volatility than the broader market. Trading volume on January 5 reached 2,871,123 shares, more than double the average volume of 1,401,437.
Aeva’s market capitalization stands at approximately $786 million. The company trades at a price-to-earnings ratio of -2.46, reflecting its unprofitable status. The 50-day moving average sits at $13.07, while the 200-day moving average is $17.28.
Institutional investors own 62.92% of the company’s stock. Several funds adjusted their positions recently. GAMMA Investing increased its stake by 92.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS raised its position by 4.8% during the first quarter.
Wall Street remains divided on Aeva’s prospects. Three analysts rate the stock a buy, one assigns a hold rating, and one issues a sell rating. Canaccord Genuity Group reiterated its buy rating with a $24 price target on December 4. Weiss Ratings maintained a sell rating on December 29. Wall Street Zen downgraded the stock from hold to sell on November 8.
Analysts expect Aeva to post earnings of -$2.70 per share for the current year. The company specializes in frequency-modulated continuous wave LiDAR technology, which measures both object velocity and distance simultaneously.
The NVIDIA partnership announcement validates Aeva’s FMCW approach. Being chosen for a major autonomous driving platform moves the company from development stage toward potential commercial scale. The 2028 production timeline gives automakers and investors a concrete timeframe to watch.
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