LPL Financial LLC Buys New Stake in Aeva Technologies, Inc. (NYSE:AEVA)

LPL Financial LLC acquired a new stake in Aeva Technologies, Inc. (NYSE:AEVA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 94,929 shares of the company's stock, valued at approximately $451,000. LPL Financial LLC owned 0.18% of Aeva Technologies as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. PFG Investments LLC acquired a new stake in shares of Aeva Technologies in the 4th quarter valued at approximately $48,000. Intech Investment Management LLC purchased a new stake in shares of Aeva Technologies during the 4th quarter worth $52,000. SBI Securities Co. Ltd. acquired a new position in shares of Aeva Technologies during the 4th quarter worth $88,000. American Century Companies Inc. increased its holdings in shares of Aeva Technologies by 34.9% in the 4th quarter. American Century Companies Inc. now owns 25,689 shares of the company's stock valued at $122,000 after purchasing an additional 6,640 shares in the last quarter. Finally, Barclays PLC lifted its stake in shares of Aeva Technologies by 276.4% in the third quarter. Barclays PLC now owns 29,910 shares of the company's stock valued at $98,000 after purchasing an additional 21,964 shares during the period. Hedge funds and other institutional investors own 62.92% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on AEVA shares. Morgan Stanley increased their target price on shares of Aeva Technologies from $4.87 to $5.22 and gave the company an "equal weight" rating in a report on Friday, March 21st. Oppenheimer boosted their target price on Aeva Technologies from $6.00 to $9.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Finally, Canaccord Genuity Group assumed coverage on Aeva Technologies in a research report on Tuesday, April 1st. They issued a "buy" rating and a $9.50 price target for the company. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $7.14.

Aeva Technologies Trading Up 2.3 %

Shares of NYSE AEVA traded up $0.17 during trading on Thursday, reaching $7.28. The company had a trading volume of 125,572 shares, compared to its average volume of 481,254. The stock has a market capitalization of $398.04 million, a PE ratio of -2.35 and a beta of 1.03. The stock has a 50-day moving average price of $5.37 and a two-hundred day moving average price of $4.63. Aeva Technologies, Inc. has a twelve month low of $2.20 and a twelve month high of $8.12.

Insider Transactions at Aeva Technologies

In related news, major shareholder Sylebra Capital Llc bought 1,068,297 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average cost of $6.77 per share, for a total transaction of $7,232,370.69. Following the completion of the acquisition, the insider now owns 16,228,553 shares in the company, valued at $109,867,303.81. This trade represents a 7.05 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Mina Rezk sold 70,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $2.79, for a total transaction of $195,300.00. Following the transaction, the chief technology officer now directly owns 8,696,669 shares of the company's stock, valued at $24,263,706.51. This trade represents a 0.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 4,213,506 shares of company stock worth $24,985,345 and sold 565,190 shares worth $3,291,385. Insiders own 29.10% of the company's stock.

About Aeva Technologies

Aeva Technologies, Inc engages in the design, development, manufacture, and sale of LiDAR sensing systems, and related perception and autonomy-enabling software solutions in North America, Europe, the Middle East, Africa, and Asia. The company develops its products using frequency modulated continuous wave (FMCW) sensing technology.