Aeva Technologies, Inc. $AEVA Shares Sold by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. cut its stake in Aeva by 76.4%, selling 267,726 shares and leaving it with 82,705 shares (about 0.14% of the company) worth roughly $1.20 million per the latest 13F filing.
• Several hedge funds opened or expanded large positions—Duquesne ($26.67M), Millennium ($25.75M), Delta ($18.14M)—while Invesco surged its holding 1,223.8% to 614,411 shares ($23.22M) and Handelsbanken increased to 559,635 shares ($8.12M), with institutional investors owning 62.92% of the company.
• CFO Saurabh Sinha sold 32,079 shares at an average $13.94 for $447,181 (a 5.11% reduction in his position), and insiders collectively own 27.20% of Aeva stock.

JPMorgan Chase & Co. lowered its stake in shares of Aeva Technologies, Inc. (NASDAQ:AEVA - Free Report) by 76.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,705 shares of the company's stock after selling 267,726 shares during the quarter. JPMorgan Chase & Co. owned about 0.14% of Aeva Technologies worth $1,199,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AEVA. Duquesne Family Office LLC acquired a new position in shares of Aeva Technologies during the third quarter valued at about $26,670,000. Millennium Management LLC acquired a new position in shares of Aeva Technologies during the third quarter valued at about $25,751,000. Delta Global Management LP acquired a new position in shares of Aeva Technologies during the third quarter valued at about $18,139,000. Invesco Ltd. increased its holdings in shares of Aeva Technologies by 1,223.8% during the second quarter. Invesco Ltd. now owns 614,411 shares of the company's stock valued at $23,219,000 after acquiring an additional 567,998 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in shares of Aeva Technologies by 3,299.6% during the third quarter. Handelsbanken Fonder AB now owns 559,635 shares of the company's stock valued at $8,115,000 after acquiring an additional 543,173 shares in the last quarter. Institutional investors and hedge funds own 62.92% of the company's stock.

Insider Activity

In other news, CFO Saurabh Sinha sold 32,079 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $13.94, for a total transaction of $447,181.26. Following the sale, the chief financial officer directly owned 595,677 shares of the company's stock, valued at $8,303,737.38. This represents a 5.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 27.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AEVA has been the topic of several research reports. Weiss Ratings reissued a "sell (e+)" rating on shares of Aeva Technologies in a research report on Friday, March 27th. Wall Street Zen raised Aeva Technologies from a "sell" rating to a "hold" rating in a research report on Saturday, April 4th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $26.50.

Aeva Technologies Trading Up 0.3%

AEVA stock opened at $13.05 on Friday. The company's 50-day simple moving average is $13.73 and its 200-day simple moving average is $14.53. The company has a quick ratio of 4.12, a current ratio of 4.28 and a debt-to-equity ratio of 7.32. Aeva Technologies, Inc. has a 52-week low of $6.10 and a 52-week high of $38.80. The firm has a market cap of $821.50 million, a P/E ratio of -2.57 and a beta of 2.10.

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.

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