Aeva Technologies, Inc. (NASDAQ:AEVA) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP raised its position in Aeva Technologies, Inc. (NASDAQ:AEVA - Free Report) by 307.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,700 shares of the company's stock after buying an additional 36,760 shares during the period. Two Sigma Advisers LP owned about 0.09% of Aeva Technologies worth $231,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Intech Investment Management LLC acquired a new stake in shares of Aeva Technologies in the fourth quarter valued at about $52,000. Susquehanna Fundamental Investments LLC acquired a new stake in Aeva Technologies in the 4th quarter valued at about $63,000. Advisory Services Network LLC acquired a new stake in Aeva Technologies in the 4th quarter valued at about $78,000. Marshall Wace LLP purchased a new position in Aeva Technologies in the 4th quarter worth approximately $88,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Aeva Technologies during the 4th quarter worth approximately $88,000. 62.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Sylebra Capital Llc bought 821,610 shares of Aeva Technologies stock in a transaction that occurred on Wednesday, March 26th. The shares were purchased at an average price of $5.48 per share, with a total value of $4,502,422.80. Following the purchase, the insider now owns 12,669,326 shares in the company, valued at $69,427,906.48. This represents a 6.93% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Soroush Salehian Dardashti sold 200,000 shares of the stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $5.36, for a total value of $1,072,000.00. Following the sale, the chief executive officer now directly owns 3,764,808 shares in the company, valued at approximately $20,179,370.88. The trade was a 5.04% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 4,213,506 shares of company stock valued at $24,985,345 and have sold 1,067,228 shares valued at $11,550,119. 27.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AEVA. Canaccord Genuity Group upped their price target on Aeva Technologies from $9.50 to $16.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Oppenheimer upped their target price on Aeva Technologies from $9.00 to $18.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Morgan Stanley lifted their price target on Aeva Technologies from $5.22 to $11.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Finally, Roth Capital boosted their price target on shares of Aeva Technologies from $6.00 to $17.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Aeva Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $12.33.

Aeva Technologies Stock Performance

Aeva Technologies stock traded up $0.48 during trading hours on Tuesday, reaching $22.26. 1,574,577 shares of the stock were exchanged, compared to its average volume of 1,258,683. The stock has a market cap of $1.22 billion, a P/E ratio of -7.20 and a beta of 1.66. Aeva Technologies, Inc. has a 52-week low of $2.20 and a 52-week high of $22.63. The firm's 50 day moving average is $11.77 and its 200 day moving average is $6.91.

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.