UBS Group AG increased its holdings in shares of Aeva Technologies, Inc. (NASDAQ:AEVA – Free Report) by 85.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 374,955 shares of the company’s stock after acquiring an additional 172,476 shares during the quarter. UBS Group AG’s holdings in Aeva Technologies were worth $4,979,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in AEVA. Quantbot Technologies LP increased its holdings in shares of Aeva Technologies by 122.8% during the 3rd quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock worth $30,000 after acquiring an additional 1,157 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Aeva Technologies during the 4th quarter worth approximately $33,000. Jones Financial Companies Lllp increased 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 last quarter. BNP Paribas Financial Markets increased 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 last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 last quarter. 62.92% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
AEVA has been the topic of a number of recent analyst reports. Wall Street Zen lowered Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings raised Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Three 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $26.50.
Aeva Technologies Stock Performance
AEVA opened at $21.49 on Friday. The firm has a market cap of $1.35 billion, a P/E ratio of -4.31 and a beta of 2.20. Aeva Technologies, Inc. has a 52-week low of $8.83 and a 52-week high of $38.80. The company has a debt-to-equity ratio of 7.32, a quick ratio of 3.89 and a current ratio of 4.09. The business’s fifty day moving average is $15.54 and its 200-day moving average is $14.50.
Insider Buying and Selling
In other Aeva Technologies news, CTO Mina Rezk sold 27,389 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $15.04, for a total value of $411,930.56. Following the completion of the transaction, the chief technology officer directly owned 1,442,371 shares in the company, valued at approximately $21,693,259.84. This trade represents a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock in a transaction dated 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 transaction, the chief financial officer owned 590,034 shares of the company’s stock, valued at $8,874,111.36. This represents a 0.95% decrease in their ownership of the stock. 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. Insiders sold a total of 106,194 shares of company stock worth $1,561,871 in the last ninety days. 36.70% of the stock is owned by insiders.
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.
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