Flight Deck Capital LP Makes New $7.08 Million Investment in Aeva Technologies, Inc. $AEVA

Flight Deck Capital LP purchased a new position in Aeva Technologies, Inc. (NASDAQ:AEVA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 488,521 shares of the company’s stock, valued at approximately $7,084,000. Aeva Technologies comprises 5.4% of Flight Deck Capital LP’s investment portfolio, making the stock its 10th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AEVA. Quantbot Technologies LP boosted its position in shares of Aeva Technologies by 122.8% during the third quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock valued at $30,000 after buying an additional 1,157 shares during the last quarter. Jones Financial Companies Lllp raised its position in Aeva Technologies by 27,345.0% in the 1st quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock worth $38,000 after buying an additional 5,469 shares during the last quarter. Total Investment Management Inc. purchased a new position in Aeva Technologies in the 2nd quarter worth about $43,000. KLP Kapitalforvaltning AS bought a new position in Aeva Technologies during the 3rd quarter valued at about $57,000. Finally, CWM LLC lifted its stake in Aeva Technologies by 96.8% during the 3rd quarter. CWM LLC now owns 4,052 shares of the company’s stock valued at $59,000 after acquiring an additional 1,993 shares during the period. 62.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Aeva Technologies in a research note on Monday, December 29th. Canaccord Genuity Group restated a “buy” rating and set a $24.00 price objective on shares of Aeva Technologies in a research report on Thursday, December 4th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $26.50.

Aeva Technologies Stock Down 0.9%

Aeva Technologies stock opened at $15.16 on Monday. Aeva Technologies, Inc. has a 52-week low of $2.64 and a 52-week high of $38.80. The company has a market cap of $910.81 million, a P/E ratio of -2.99 and a beta of 2.09. The business has a 50-day simple moving average of $15.08 and a two-hundred day simple moving average of $14.70.

Aeva Technologies (NASDAQ:AEVA) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.49) earnings per share for the quarter, topping the consensus estimate of ($0.55) by $0.06. The firm had revenue of $5.62 million for the quarter, compared to analysts’ expectations of $3.69 million. Aeva Technologies had a negative net margin of 804.40% and a negative return on equity of 603.21%. Research analysts anticipate that Aeva Technologies, Inc. will post -2.7 EPS for the current fiscal year.

Insider Buying and Selling at Aeva Technologies

In other Aeva Technologies news, CFO Saurabh Sinha sold 32,079 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $13.94, for a total value of $447,181.26. Following the transaction, the chief financial officer directly owned 595,677 shares in the company, valued at approximately $8,303,737.38. This trade represents a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Mina Rezk sold 64,787 shares of Aeva Technologies stock in a transaction on Friday, January 9th. The stock was sold at an average price of $18.85, for a total transaction of $1,221,234.95. Following the transaction, the chief technology officer owned 1,469,760 shares in the company, valued at $27,704,976. This represents a 4.22% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,064,292 shares of company stock valued at $15,170,040. Insiders own 27.20% of the company’s stock.

Aeva Technologies Profile

Aeva Technologies, Inc is a technology company specializing in the development and commercialization of advanced sensing and perception solutions based on frequency-modulated continuous wave (FMCW) LiDAR. Headquartered in Mountain View, California, Aeva’s core products include solid-state LiDAR sensors and perception software designed to provide high-resolution, long-range 4D data for automotive, industrial and robotic applications. The company’s FMCW approach enables simultaneous measurement of both object velocity and distance, distinguishing Aeva’s systems from traditional time-of-flight LiDAR solutions.

Founded in 2016 by Soroush Salehian and Mina Rezk, Aeva began as Aeon Imaging before adopting its current name in 2019.