Handelsbanken Fonder AB Raises Position in Aeva Technologies, Inc. $AEVA

Handelsbanken Fonder AB raised its position in Aeva Technologies, Inc. (NASDAQ:AEVAFree Report) by 158.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,445,409 shares of the company’s stock after purchasing an additional 885,774 shares during the period. Handelsbanken Fonder AB owned 2.41% of Aeva Technologies worth $19,202,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP lifted its stake in Aeva Technologies by 122.8% in the 3rd quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock worth $30,000 after purchasing an additional 1,157 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Aeva Technologies during the 4th quarter worth $33,000. Jones Financial Companies Lllp raised its holdings in shares of Aeva Technologies by 27,345.0% during the 1st quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock worth $38,000 after acquiring an additional 5,469 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Aeva Technologies by 115.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,048 shares of the company’s stock worth $88,000 after acquiring an additional 3,246 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Aeva Technologies by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock worth $96,000 after acquiring an additional 630 shares during the period. 62.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on AEVA shares. Weiss Ratings upgraded Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Wall Street Zen lowered shares of Aeva Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $26.50.

Read Our Latest Report on Aeva Technologies

Aeva Technologies Stock Up 11.1%

Shares of AEVA opened at $21.11 on Thursday. The firm has a market cap of $1.33 billion, a P/E ratio of -4.23 and a beta of 2.20. Aeva Technologies, Inc. has a 12-month low of $8.83 and a 12-month high of $38.80. The company’s 50-day moving average price is $15.43 and its 200 day moving average price is $14.46. The company has a current ratio of 4.09, a quick ratio of 3.89 and a debt-to-equity ratio of 7.32.

Insider Activity at Aeva Technologies

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 41,083 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $15.04, for a total value of $617,888.32. Following the sale, the chief executive officer owned 1,725,329 shares of the company’s stock, valued at $25,948,948.16. The trade was a 2.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Saurabh Sinha sold 5,643 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $15.04, for a total value of $84,870.72. Following the completion of the sale, the chief financial officer directly owned 590,034 shares in the company, valued at approximately $8,874,111.36. The trade was a 0.95% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 106,194 shares of company stock worth $1,561,871. Company insiders own 36.70% of the company’s stock.

Aeva Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Aeva Technologies (NASDAQ:AEVA)

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