Aeva Technologies, Inc. $AEVA Shares Bought by Titan Global Capital Management USA LLC

Titan Global Capital Management USA LLC grew its holdings in shares of Aeva Technologies, Inc. (NASDAQ:AEVA) by 95.1% during the first quarter, HoldingsChannel reports. The firm owned 159,743 shares of the company’s stock after purchasing an additional 77,856 shares during the quarter. Titan Global Capital Management USA LLC’s holdings in Aeva Technologies were worth $2,102,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in AEVA. Bank of New York Mellon Corp grew its position in shares of Aeva Technologies by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 96,156 shares of the company’s stock valued at $1,265,000 after purchasing an additional 1,743 shares during the period. KPP Advisory Services LLC purchased a new position in Aeva Technologies during the first quarter worth about $160,000. Inspire Investing LLC lifted its position in Aeva Technologies by 10.2% during the first quarter. Inspire Investing LLC now owns 38,911 shares of the company’s stock worth $512,000 after buying an additional 3,611 shares during the period. Rockefeller Capital Management L.P. boosted its stake in Aeva Technologies by 19.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 7,159 shares of the company’s stock worth $95,000 after buying an additional 1,159 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Aeva Technologies in the 4th quarter worth about $47,000. Institutional investors and hedge funds own 62.92% of the company’s stock.

Insider Transactions at Aeva Technologies

In related news, CEO Soroush Salehian Dardashti sold 225,349 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $24.57, for a total transaction of $5,536,824.93. Following the completion of the sale, the chief executive officer owned 1,659,957 shares of the company’s stock, valued at approximately $40,785,143.49. This represents a 11.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Saurabh Sinha sold 20,620 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $21.16, for a total transaction of $436,319.20. Following the completion of the transaction, the chief financial officer owned 658,202 shares in the company, valued at $13,927,554.32. The trade was a 3.04% decrease in their position. 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 a total of 863,922 shares of company stock worth $20,034,803 in the last three months. 36.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on AEVA. Weiss Ratings raised shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Wall Street Zen downgraded shares of Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $21.50.

Aeva Technologies Trading Down 4.8%

AEVA stock opened at $15.90 on Tuesday. The company has a quick ratio of 3.89, a current ratio of 4.09 and a debt-to-equity ratio of 7.32. The company has a market cap of $1.00 billion, a price-to-earnings ratio of -3.19 and a beta of 2.40. The business has a fifty day simple moving average of $22.98 and a 200-day simple moving average of $17.67. Aeva Technologies, Inc. has a 52 week low of $8.83 and a 52 week high of $32.79.

Aeva Technologies (NASDAQ:AEVA) last issued its earnings results on Wednesday, May 6th. The company reported ($0.41) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.12. The firm had revenue of $6.26 million during the quarter. On average, equities research analysts expect that Aeva Technologies, Inc. will post -2.26 EPS for the current year.

Aeva Technologies Profile

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.