Figma Shares Indicated To Open $105/$110
Rezk Mina, the Chief Technology Officer of Aeva Technologies, Inc. (NYSE:AEVA), recently sold 70,000 shares of the company’s common stock. The sale comes as the stock has declined nearly 59% over the past year, though InvestingPro analysis suggests the shares are currently trading below their Fair Value. The shares were sold at a weighted average price of $2.79, generating a total transaction value of approximately $195,349. Following this sale, Mina retains ownership of 8,696,669 shares indirectly through a trust and an additional 663,590 shares directly. The transactions were part of a pre-established trading plan, as indicated in the filing. While the company maintains a strong liquidity position with a current ratio of 4.32 and more cash than debt, InvestingPro data reveals the company is quickly burning through cash. For deeper insights into insider trading patterns and 15+ additional ProTips, consider exploring the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Aeva Technologies, Inc. has introduced the Aeva Atlas™ Ultra, a new high-resolution 4D LiDAR sensor aimed at enhancing the safety and capabilities of autonomous driving systems. The Atlas (NYSE:ATCO) Ultra is designed to meet the requirements of SAE Level 3 and 4 autonomous driving, offering up to three times the resolution of its predecessor. It features a configurable field of view with up to 150 degrees of horizontal vision and can detect objects at a maximum range of 500 meters. The sensor’s advanced capabilities include detecting small objects on the road and tracking dynamic objects with centimeter accuracy, thanks to Aeva’s proprietary Frequency Modulated Continuous Wave (FMCW) technology. Additionally, the Atlas Ultra is immune to interference from sunlight and other LiDAR systems, ensuring clear perception in a variety of driving conditions. Aeva’s custom silicon components, such as the CoreVision™ Lidar-on-Chip module and the Aeva X1™ System-on-Chip processor, power the sensor. The company plans to showcase the Atlas Ultra at CES 2025, with sample availability for select automotive OEMs and mobility customers by late 2025. These developments reflect Aeva’s ongoing efforts to advance autonomous driving technology.
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