American Century Companies Inc. Increases Holdings in Aeva Technologies, Inc. $AEVA

Key Points

• American Century Companies Inc. increased its stake in Aeva Technologies by 81.5%, owning 46,623 shares after acquiring an additional 20,934 shares, valued at approximately $326,000.
• Several hedge funds, including Parkwood LLC and Jane Street Group LLC, significantly increased their holdings in Aeva Technologies during the fourth quarter, showcasing heightened institutional interest in the company.
• CTO Mina Rezk and CEO Soroush Salehian Dardashti recently sold a combined total of 450,000 shares of Aeva Technologies stock, indicating notable insider activity amid fluctuating stock performance.

American Century Companies Inc. grew its holdings in Aeva Technologies, Inc. (NASDAQ:AEVA - Free Report) by 81.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,623 shares of the company's stock after buying an additional 20,934 shares during the period. American Century Companies Inc. owned 0.08% of Aeva Technologies worth $326,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AEVA. Bank of America Corp DE lifted its stake in shares of Aeva Technologies by 170.0% in the 4th quarter. Bank of America Corp DE now owns 48,255 shares of the company's stock valued at $229,000 after purchasing an additional 30,380 shares during the period. Deutsche Bank AG raised its position in Aeva Technologies by 510.8% during the fourth quarter. Deutsche Bank AG now owns 45,039 shares of the company's stock valued at $214,000 after purchasing an additional 37,665 shares in the last quarter. Millennium Management LLC bought a new position in shares of Aeva Technologies during the fourth quarter valued at about $174,000. Informed Momentum Co LLC bought a new stake in shares of Aeva Technologies in the first quarter worth about $781,000. Finally, Two Sigma Investments LP lifted its holdings in Aeva Technologies by 308.6% in the fourth quarter. Two Sigma Investments LP now owns 74,288 shares of the company's stock worth $353,000 after buying an additional 56,107 shares during the period. Institutional investors own 62.92% of the company's stock.

Insider Transactions at Aeva Technologies

In related news, CEO Soroush Salehian Dardashti sold 200,000 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $13.45, for a total value of $2,690,000.00. Following the sale, the chief executive officer directly owned 2,134,808 shares of the company's stock, valued at $28,713,167.60. This trade represents a 8.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Mina Rezk sold 250,000 shares of Aeva Technologies stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $13.48, for a total value of $3,370,000.00. Following the completion of the sale, the chief technology officer owned 3,236,669 shares of the company's stock, valued at approximately $43,630,298.12. The trade was a 7.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 918,822 shares of company stock worth $16,447,215. Insiders own 27.20% of the company's stock.

Aeva Technologies Stock Down 4.1%

Shares of NASDAQ AEVA traded down $0.60 during trading on Wednesday, reaching $14.07. 1,642,764 shares of the stock were exchanged, compared to its average volume of 1,866,092. The company has a market capitalization of $792.53 million, a price-to-earnings ratio of -2.56 and a beta of 2.00. Aeva Technologies, Inc. has a twelve month low of $2.38 and a twelve month high of $38.80. The business's 50-day moving average price is $19.77 and its 200 day moving average price is $14.75.

Aeva Technologies (NASDAQ:AEVA - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.02). The company had revenue of $5.51 million during the quarter, compared to the consensus estimate of $3.40 million. Aeva Technologies had a negative net margin of 2,178.31% and a negative return on equity of 287.71%. As a group, sell-side analysts expect that Aeva Technologies, Inc. will post -2.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AEVA shares. Canaccord Genuity Group lifted their target price on shares of Aeva Technologies from $9.50 to $16.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Morgan Stanley raised their target price on shares of Aeva Technologies from $11.00 to $19.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Wall Street Zen raised shares of Aeva Technologies from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Oppenheimer boosted their price target on shares of Aeva Technologies from $18.00 to $33.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Finally, Roth Capital upped their target price on shares of Aeva Technologies from $17.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Aeva Technologies presently has an average rating of "Moderate Buy" and an average target price of $18.33.

Aeva Technologies Company 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.