American Century Companies Inc. Increases Position 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 stake in shares of Aeva Technologies, Inc. (NASDAQ:AEVA - Free Report) by 81.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,623 shares of the company's stock after acquiring an additional 20,934 shares during the period. American Century Companies Inc. owned about 0.08% of Aeva Technologies worth $326,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of AEVA. Squarepoint Ops LLC bought a new stake in shares of Aeva Technologies during the fourth quarter valued at approximately $54,000. Barclays PLC raised its stake in shares of Aeva Technologies by 16.3% during the fourth quarter. Barclays PLC now owns 34,800 shares of the company's stock valued at $166,000 after acquiring an additional 4,890 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Aeva Technologies during the fourth quarter valued at approximately $174,000. Deutsche Bank AG raised its stake in shares of 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 acquiring an additional 37,665 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Aeva Technologies by 170.0% during the fourth quarter. Bank of America Corp DE now owns 48,255 shares of the company's stock valued at $229,000 after acquiring an additional 30,380 shares in the last quarter. Institutional investors own 62.92% of the company's stock.

Wall Street Analyst Weigh In

AEVA has been the subject of a number of recent research reports. Canaccord Genuity Group boosted their price objective on shares of Aeva Technologies from $9.50 to $16.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen raised shares of Aeva Technologies from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Oppenheimer boosted their price objective on shares of Aeva Technologies from $18.00 to $33.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Morgan Stanley boosted their price objective on shares of Aeva Technologies from $11.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Finally, Roth Capital boosted their price objective 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 investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $18.33.

Aeva Technologies Price Performance

NASDAQ AEVA traded up $1.56 on Thursday, hitting $15.85. The stock had a trading volume of 2,852,610 shares, compared to its average volume of 2,522,018. The business's fifty day moving average price is $19.09 and its 200 day moving average price is $14.83. Aeva Technologies, Inc. has a 52-week low of $2.52 and a 52-week high of $38.80. The stock has a market cap of $892.83 million, a price-to-earnings ratio of -2.88 and a beta of 2.00.

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

Insider Activity

In other Aeva Technologies news, CFO Saurabh Sinha sold 160,000 shares of Aeva Technologies stock in a transaction on Monday, August 18th. The shares were sold at an average price of $13.33, for a total value of $2,132,800.00. Following the transaction, the chief financial officer directly owned 810,710 shares of the company's stock, valued at approximately $10,806,764.30. The trade was a 16.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Soroush Salehian Dardashti sold 200,000 shares of Aeva Technologies stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $13.45, for a total transaction of $2,690,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,134,808 shares in the company, valued at $28,713,167.60. This represents a 8.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 918,822 shares of company stock valued at $16,447,215 over the last three months. Company insiders own 27.20% of the company's stock.

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.