Deutsche Bank AG Grows Stake in Aeva Technologies, Inc. (NASDAQ:AEVA)

Deutsche Bank AG lifted its position in shares of Aeva Technologies, Inc. (NASDAQ:AEVA - Free Report) by 510.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,039 shares of the company's stock after acquiring an additional 37,665 shares during the period. Deutsche Bank AG owned approximately 0.08% of Aeva Technologies worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Jane Street Group LLC raised its stake in Aeva Technologies by 2,490.3% during the fourth quarter. Jane Street Group LLC now owns 648,942 shares of the company's stock worth $3,082,000 after buying an additional 623,889 shares during the last quarter. Geode Capital Management LLC raised its stake in Aeva Technologies by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 621,191 shares of the company's stock worth $2,951,000 after buying an additional 9,318 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Aeva Technologies by 14.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 242,376 shares of the company's stock worth $1,151,000 after buying an additional 30,924 shares during the last quarter. Northern Trust Corp grew its holdings in Aeva Technologies by 5.0% in the fourth quarter. Northern Trust Corp now owns 208,287 shares of the company's stock worth $989,000 after purchasing an additional 9,984 shares during the period. Finally, LPL Financial LLC acquired a new stake in Aeva Technologies in the fourth quarter worth $451,000. Institutional investors own 62.92% of the company's stock.

Insider Activity

In other news, major shareholder Sylebra Capital Llc purchased 990,411 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were acquired at an average cost of $4.36 per share, for a total transaction of $4,318,191.96. Following the completion of the acquisition, the insider now owns 11,369,715 shares in the company, valued at $49,571,957.40. This trade represents a 9.54% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Soroush Salehian Dardashti sold 200,000 shares of the business's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $5.36, for a total transaction of $1,072,000.00. Following the transaction, the chief executive officer now owns 3,764,808 shares in the company, valued at approximately $20,179,370.88. This trade represents a 5.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders acquired 4,213,506 shares of company stock worth $24,985,345 and sold 1,137,228 shares worth $11,745,419. Corporate insiders own 27.20% of the company's stock.

Wall Street Analysts Forecast Growth

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

Aeva Technologies Price Performance

Shares of NASDAQ AEVA traded up $1.85 during mid-day trading on Friday, reaching $20.90. 1,450,188 shares of the company's stock traded hands, compared to its average volume of 1,254,155. The stock has a market cap of $1.15 billion, a P/E ratio of -6.76 and a beta of 1.66. The business has a 50-day simple moving average of $11.17 and a 200 day simple moving average of $6.64. Aeva Technologies, Inc. has a 1-year low of $2.20 and a 1-year high of $21.11.

About Aeva Technologies

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.