Aeva Technologies, Inc. (NYSE:AEVA) Shares Sold by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. trimmed its holdings in Aeva Technologies, Inc. (NYSE:AEVA - Free Report) by 20.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,035,162 shares of the company's stock after selling 781,590 shares during the period. Adage Capital Partners GP L.L.C. owned 5.63% of Aeva Technologies worth $14,417,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Marshall Wace LLP acquired a new position in shares of Aeva Technologies in the 4th quarter worth approximately $88,000. XTX Topco Ltd acquired a new position in Aeva Technologies during the fourth quarter worth $90,000. Barclays PLC boosted its position in shares of Aeva Technologies by 16.3% during the fourth quarter. Barclays PLC now owns 34,800 shares of the company's stock worth $166,000 after buying an additional 4,890 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Aeva Technologies in the fourth quarter valued at $78,000. Finally, Geode Capital Management LLC lifted its stake in Aeva Technologies by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 621,191 shares of the company's stock worth $2,951,000 after acquiring an additional 9,318 shares in the last quarter. Institutional investors and hedge funds own 62.92% of the company's stock.

Aeva Technologies Trading Down 2.9 %

Shares of AEVA traded down $0.21 during trading hours on Wednesday, reaching $7.11. The company had a trading volume of 561,149 shares, compared to its average volume of 482,620. Aeva Technologies, Inc. has a 12-month low of $2.20 and a 12-month high of $8.12. The firm has a 50 day simple moving average of $5.37 and a 200-day simple moving average of $4.63. The company has a market capitalization of $389.02 million, a price-to-earnings ratio of -2.30 and a beta of 1.03.

Wall Street Analyst Weigh In

AEVA has been the topic of several recent research reports. Canaccord Genuity Group assumed coverage on shares of Aeva Technologies in a research note on Tuesday, April 1st. They set a "buy" rating and a $9.50 target price on the stock. Morgan Stanley lifted their target price on Aeva Technologies from $4.87 to $5.22 and gave the company an "equal weight" rating in a report on Friday, March 21st. Finally, Oppenheimer upped their price target on Aeva Technologies from $6.00 to $9.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Aeva Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $7.14.

Insider Buying and Selling at Aeva Technologies

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

Aeva Technologies Profile

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.