Aeva Technologies, Inc. (NASDAQ:AEVA) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG lifted its stake in shares of Aeva Technologies, Inc. (NASDAQ:AEVA - Free Report) by 510.8% during the fourth quarter, according to its most recent disclosure 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 quarter. Deutsche Bank AG owned 0.08% of Aeva Technologies worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Bank of America Corp DE increased its position 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 worth $229,000 after acquiring an additional 30,380 shares during the period. Jane Street Group LLC increased its position in shares of 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 acquiring an additional 623,889 shares during the period. Northern Trust Corp increased its position in shares of Aeva Technologies by 5.0% during the fourth quarter. Northern Trust Corp now owns 208,287 shares of the company's stock worth $989,000 after acquiring an additional 9,984 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Aeva Technologies during the fourth quarter worth $63,000. Finally, Marshall Wace LLP purchased a new stake in shares of Aeva Technologies during the fourth quarter worth $88,000. Hedge funds and other institutional investors own 62.92% of the company's stock.

Insider Activity at Aeva Technologies

In other news, CTO Mina Rezk sold 70,000 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $2.79, for a total transaction of $195,300.00. Following the completion of the sale, the chief technology officer now owns 8,696,669 shares in the company, valued at approximately $24,263,706.51. This represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Soroush Salehian Dardashti sold 250,000 shares of the stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $15.70, for a total transaction of $3,925,000.00. Following the sale, the chief executive officer now owns 3,514,808 shares of the company's stock, valued at $55,182,485.60. This trade represents a 6.64% 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 1,137,228 shares valued at $11,745,419. 27.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AEVA has been the topic of a number of recent research reports. Roth Capital upped their price objective on Aeva Technologies from $6.00 to $17.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Oppenheimer increased 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 increased their target price on Aeva Technologies from $5.22 to $11.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Finally, Canaccord Genuity Group increased their target price on Aeva Technologies from $9.50 to $16.00 and gave the company a "buy" 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $12.33.

Aeva Technologies Trading Up 4.2%

NASDAQ:AEVA traded up $0.82 during trading hours on Wednesday, hitting $20.53. The company's stock had a trading volume of 1,799,427 shares, compared to its average volume of 1,246,356. The stock has a market capitalization of $1.13 billion, a P/E ratio of -6.64 and a beta of 1.07. The stock has a fifty day moving average of $10.38 and a 200-day moving average of $6.32. Aeva Technologies, Inc. has a 52-week low of $2.20 and a 52-week high of $20.68.

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.