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

Handelsbanken Fonder AB raised its position in Aeva Technologies, Inc. (NASDAQ:AEVA) by 158.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,445,409 shares of the company’s stock after purchasing an additional 885,774 shares during the quarter. Handelsbanken Fonder AB’s holdings in Aeva Technologies were worth $19,202,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of AEVA. Quantbot Technologies LP increased its stake in Aeva Technologies by 122.8% during the third quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock worth $30,000 after purchasing an additional 1,157 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Aeva Technologies during the fourth quarter worth about $33,000. Jones Financial Companies Lllp increased its stake in Aeva Technologies by 27,345.0% during the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock worth $38,000 after purchasing an additional 5,469 shares during the period. BNP Paribas Financial Markets increased its stake in Aeva Technologies by 115.8% during the third quarter. BNP Paribas Financial Markets now owns 6,048 shares of the company’s stock worth $88,000 after purchasing an additional 3,246 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Aeva Technologies by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock worth $96,000 after purchasing an additional 630 shares during the period. 62.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AEVA has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Aeva Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings raised Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.50.

Insider Activity at Aeva Technologies

In other Aeva Technologies news, CFO Saurabh Sinha sold 32,079 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $13.94, for a total transaction of $447,181.26. Following the transaction, the chief financial officer owned 595,677 shares of the company’s stock, valued at approximately $8,303,737.38. This trade represents a 5.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Mina Rezk sold 27,389 shares of the firm’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 transaction of $411,930.56. Following the transaction, the chief technology officer 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 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. Insiders have sold 106,194 shares of company stock valued at $1,561,871 over the last quarter. 36.70% of the stock is owned by insiders.

Aeva Technologies Stock Up 11.1%

AEVA stock opened at $21.11 on Thursday. 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 debt-to-equity ratio of 7.32, a quick ratio of 3.89 and a current ratio of 4.09. Aeva Technologies, Inc. has a fifty-two week low of $8.83 and a fifty-two week high of $38.80. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of -4.23 and a beta of 2.20.

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.