110,000 Shares in Aeva Technologies, Inc. $AEVA Purchased by Siren L.L.C.

Siren L.L.C. bought a new position in Aeva Technologies, Inc. (NASDAQ:AEVA) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 110,000 shares of the company’s stock, valued at approximately $1,448,000.

Other hedge funds have also added to or reduced their stakes in the company. Duquesne Family Office LLC purchased a new position in Aeva Technologies during the 3rd quarter valued at about $26,670,000. Millennium Management LLC purchased a new stake in shares of Aeva Technologies in the third quarter worth about $25,751,000. Delta Global Management LP boosted its position in shares of Aeva Technologies by 29.7% in the fourth quarter. Delta Global Management LP now owns 1,623,148 shares of the company’s stock valued at $21,555,000 after acquiring an additional 372,159 shares during the period. Vanguard Group Inc. boosted its position in shares of Aeva Technologies by 12.5% in the third quarter. Vanguard Group Inc. now owns 1,576,930 shares of the company’s stock valued at $22,865,000 after acquiring an additional 175,482 shares during the period. Finally, Handelsbanken Fonder AB grew its stake in Aeva Technologies by 158.3% during the fourth quarter. Handelsbanken Fonder AB now owns 1,445,409 shares of the company’s stock valued at $19,202,000 after acquiring an additional 885,774 shares in the last quarter. Hedge funds and other institutional investors own 62.92% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on AEVA. Wall Street Zen lowered shares of Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings raised shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $21.50.

Aeva Technologies Stock Performance

NASDAQ:AEVA opened at $16.10 on Friday. The business’s 50-day moving average price is $22.78 and its two-hundred day moving average price is $17.75. Aeva Technologies, Inc. has a twelve month low of $8.83 and a twelve month high of $31.30. The stock has a market cap of $1.01 billion, a P/E ratio of -3.23 and a beta of 2.40. The company has a quick ratio of 3.89, a current ratio of 4.09 and a debt-to-equity ratio of 7.32.

Aeva Technologies (NASDAQ:AEVA) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.41) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.12. The business had revenue of $6.26 million for the quarter. As a group, equities analysts predict that Aeva Technologies, Inc. will post -2.26 EPS for the current fiscal year.

Insider Activity at Aeva Technologies

In other Aeva Technologies news, Director Stephen Paul Zadesky sold 2,984 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $25.41, for a total value of $75,823.44. Following the completion of the transaction, the director owned 92,898 shares of the company’s stock, valued at $2,360,538.18. The trade was a 3.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Soroush Salehian Dardashti sold 64,821 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $21.16, for a total transaction of $1,371,612.36. Following the completion of the transaction, the chief executive officer directly owned 1,595,136 shares in the company, valued at $33,753,077.76. The trade was a 3.90% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 863,922 shares of company stock valued at $20,034,803. Company insiders own 36.70% of the company’s stock.

About Aeva Technologies

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.