75,648 Shares in Aeva Technologies, Inc. $AEVA Bought by Employees Retirement System of Texas

Employees Retirement System of Texas purchased a new position in shares of Aeva Technologies, Inc. (NASDAQ:AEVA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 75,648 shares of the company’s stock, valued at approximately $2,859,000. Employees Retirement System of Texas owned about 0.13% of Aeva Technologies as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Sylebra Capital LLC grew its holdings in Aeva Technologies by 56.4% in the 1st quarter. Sylebra Capital LLC now owns 16,228,553 shares of the company’s stock worth $113,600,000 after buying an additional 5,849,249 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Aeva Technologies by 28.7% in the second quarter. Geode Capital Management LLC now owns 808,205 shares of the company’s stock worth $30,548,000 after purchasing an additional 180,269 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Aeva Technologies by 1,122.9% during the second quarter. JPMorgan Chase & Co. now owns 350,431 shares of the company’s stock valued at $13,243,000 after purchasing an additional 321,775 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Aeva Technologies during the second quarter valued at about $7,960,000. Finally, Informed Momentum Co LLC acquired a new stake in Aeva Technologies in the first quarter worth about $781,000. Institutional investors own 62.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Morgan Stanley raised their target price on shares of Aeva Technologies from $11.00 to $19.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. Wall Street Zen lowered shares of Aeva Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Aeva Technologies in a report on Monday. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Aeva Technologies currently has a consensus rating of “Hold” and a consensus price target of $24.50.

Aeva Technologies Price Performance

NASDAQ AEVA opened at $10.53 on Thursday. The company’s 50 day simple moving average is $14.82 and its 200 day simple moving average is $18.38. Aeva Technologies, Inc. has a 12 month low of $2.52 and a 12 month high of $38.80. The company has a market capitalization of $632.64 million, a P/E ratio of -1.98 and a beta of 2.04.

Aeva Technologies (NASDAQ:AEVA) last issued its earnings results on Wednesday, November 5th. The company reported ($0.46) earnings per share for the quarter. The business had revenue of $3.58 million for the quarter. Aeva Technologies had a negative return on equity of 603.21% and a negative net margin of 1,031.15%. On average, analysts anticipate that Aeva Technologies, Inc. will post -2.7 earnings per share for the current year.

Insider Buying and Selling

In other news, CTO Mina Rezk sold 250,000 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $13.45, for a total transaction of $3,362,500.00. Following the sale, the chief technology officer directly owned 2,956,669 shares of the company’s stock, valued at $39,767,198.05. The trade was a 7.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Saurabh Sinha sold 48,086 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $9.97, for a total value of $479,417.42. Following the sale, the chief financial officer directly owned 720,512 shares of the company’s stock, valued at approximately $7,183,504.64. This represents a 6.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 656,368 shares of company stock worth $8,687,249 in the last three months. 27.20% of the stock is currently owned by insiders.

Aeva Technologies Profile

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.