Invesco Ltd. Invests $325,000 in Aeva Technologies, Inc. $AEVA

Key Points

• Invesco Ltd. has acquired 46,413 shares of Aeva Technologies, valued at approximately $325,000, representing a 0.08% ownership in the company as of the latest reporting period.
• Insider transactions were notable, with CEO Soroush Salehian Dardashti selling 200,000 shares for about $2.69 million, which reduced his ownership by 8.57%.
• Analysts have optimistic outlooks on Aeva Technologies, with several raising their price targets; Canaccord Genuity increased theirs from $9.50 to $16.00 while Oppenheimer set theirs at $33.00.

Invesco Ltd. purchased a new position in Aeva Technologies, Inc. (NASDAQ:AEVA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,413 shares of the company's stock, valued at approximately $325,000. Invesco Ltd. owned approximately 0.08% of Aeva Technologies at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Squarepoint Ops LLC purchased a new stake in shares of Aeva Technologies in the 4th quarter worth about $54,000. Barclays PLC raised its position in shares of Aeva Technologies by 16.3% in the 4th quarter. Barclays PLC now owns 34,800 shares of the company's stock worth $166,000 after purchasing an additional 4,890 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Aeva Technologies in the 4th quarter worth about $174,000. Deutsche Bank AG grew its position in Aeva Technologies by 510.8% during the 4th 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 during the last quarter. Finally, Bank of America Corp DE grew its position in Aeva Technologies by 170.0% during 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 last quarter. Hedge funds and other institutional investors own 62.92% of the company's stock.

Insider Buying and Selling at Aeva Technologies

In other Aeva Technologies news, Director Hrach Simonian sold 100,000 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $24.86, for a total transaction of $2,486,000.00. Following the completion of the sale, the director directly owned 3,597,039 shares of the company's stock, valued at approximately $89,422,389.54. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Saurabh Sinha sold 36,658 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $13.80, for a total transaction of $505,880.40. Following the completion of the transaction, the chief financial officer owned 774,052 shares in the company, valued at $10,681,917.60. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 918,822 shares of company stock worth $16,447,215 over the last 90 days. 27.20% of the stock is owned by company insiders.

Aeva Technologies Stock Performance

Shares of NASDAQ AEVA traded up $1.56 during midday trading on Thursday, hitting $15.85. 2,852,610 shares of the stock traded hands, compared to its average volume of 2,522,018. The firm has a 50-day moving average of $19.09 and a two-hundred day moving average of $14.83. The firm has a market capitalization of $892.83 million, a P/E ratio of -2.88 and a beta of 2.00. Aeva Technologies, Inc. has a one year low of $2.52 and a one year high of $38.80.

Aeva Technologies (NASDAQ:AEVA - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.55) 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 the consensus estimate of $3.40 million. Equities analysts forecast that Aeva Technologies, Inc. will post -2.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Wall Street Zen raised shares of Aeva Technologies from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. 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 report on Tuesday, June 17th. Oppenheimer increased their target price on Aeva Technologies from $18.00 to $33.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. Canaccord Genuity Group lifted their target price on Aeva Technologies from $9.50 to $16.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Finally, Morgan Stanley upped their price target on Aeva Technologies from $11.00 to $19.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus 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.