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Stephen Paul Zadesky, a director at Aeva Technologies, Inc. (NYSE:AEVA), recently sold 14,851 shares of the company’s common stock. The transactions occurred on February 28, 2025, at a weighted average price of approximately $3.50 per share, resulting in a total sale value of $52,049. According to InvestingPro data, this insider sale comes as the stock shows mixed signals, with a significant 29% gain over the past six months despite an 11% decline in the past week. Following the sale, Zadesky retains ownership of 83,764 shares in the company. The shares were sold in multiple transactions at prices ranging from $3.38 to $3.57. InvestingPro analysis indicates the stock is currently undervalued, with the company maintaining a strong liquidity position despite rapid cash burn. Investors should note that Aeva Technologies is scheduled to report earnings on March 19, 2025. Get access to 15+ additional exclusive ProTips and comprehensive analysis through the Pro Research Report.
In other recent news, Aeva Technologies has introduced the Aeva Atlas™ Ultra, a high-resolution 4D LiDAR sensor aimed at improving the safety and capabilities of autonomous driving. This new sensor is designed to meet the requirements for SAE Level 3 and 4 autonomous driving in both passenger and commercial vehicles. The Atlas (NYSE:ATCO) Ultra offers up to three times the resolution of its predecessor and features a configurable field of view with up to 150 degrees of horizontal vision. Its design allows for seamless integration into consumer vehicles without affecting styling and aerodynamics. The sensor can detect objects at a maximum range of 500 meters and has unique detection abilities for small and dynamic objects. Aeva’s proprietary Frequency Modulated Continuous Wave (FMCW) 4D LiDAR technology enables the sensor to detect both the position and velocity of objects simultaneously. This technology also provides immunity to interference from sunlight and other LiDAR systems, ensuring clear perception in various driving conditions. Aeva plans to showcase the Atlas Ultra at CES 2025, with sample availability expected for select automotive OEMs and mobility customers by late 2025.
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