Meitav Dash Investments Ltd. Sells 33,196 Shares of Innoviz Technologies Ltd. (NASDAQ:INVZ)

Meitav Dash Investments Ltd. reduced its position in shares of Innoviz Technologies Ltd. (NASDAQ:INVZGet Rating) by 2.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,668,680 shares of the company’s stock after selling 33,196 shares during the quarter. Meitav Dash Investments Ltd. owned about 1.24% of Innoviz Technologies worth $6,018,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Advisor Group LLC purchased a new position in shares of Innoviz Technologies in the 4th quarter worth $63,000. Evanson Asset Management LLC purchased a new position in Innoviz Technologies in the first quarter worth about $43,000. Wolverine Asset Management LLC raised its position in Innoviz Technologies by 90.0% during the fourth quarter. Wolverine Asset Management LLC now owns 20,414 shares of the company’s stock valued at $129,000 after purchasing an additional 9,671 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Innoviz Technologies in the 4th quarter valued at approximately $137,000. Finally, Lauterbach Financial Advisors LLC bought a new position in shares of Innoviz Technologies during the 4th quarter valued at approximately $146,000. 48.56% of the stock is owned by hedge funds and other institutional investors.

Innoviz Technologies Stock Down 0.4 %

Shares of INVZ opened at $5.40 on Friday. The company has a quick ratio of 12.36, a current ratio of 12.59 and a debt-to-equity ratio of 0.02. Innoviz Technologies Ltd. has a 52-week low of $2.89 and a 52-week high of $9.72. The company has a market cap of $728.41 million, a PE ratio of -4.50 and a beta of 0.39. The business has a fifty day moving average of $4.05 and a 200 day moving average of $3.88.

Innoviz Technologies (NASDAQ:INVZGet Rating) last issued its quarterly earnings results on Wednesday, May 11th. The company reported ($0.23) EPS for the quarter. Innoviz Technologies had a negative net margin of 2,504.39% and a negative return on equity of 52.83%. The firm had revenue of $1.77 million for the quarter. On average, sell-side analysts expect that Innoviz Technologies Ltd. will post -1.14 EPS for the current year.

Innoviz Technologies Company Profile

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Innoviz Technologies Ltd. designs and manufactures solid-state LiDAR sensors and develops perception software that enables the mass production of autonomous vehicles. The company manufactures InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxi, shuttle, trucking, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy.

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Institutional Ownership by Quarter for Innoviz Technologies (NASDAQ:INVZ)

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