Millennium Management LLC Takes Position in Aeva Technologies, Inc. (NASDAQ:AEVA)

Millennium Management LLC purchased a new stake in Aeva Technologies, Inc. (NASDAQ:AEVA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 36,536 shares of the company's stock, valued at approximately $174,000. Millennium Management LLC owned 0.07% of Aeva Technologies as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Intech Investment Management LLC acquired a new stake in shares of Aeva Technologies in the 4th quarter valued at about $52,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Aeva Technologies in the fourth quarter valued at about $63,000. Advisory Services Network LLC bought a new position in shares of Aeva Technologies during the fourth quarter worth approximately $78,000. SBI Securities Co. Ltd. bought a new stake in shares of Aeva Technologies in the fourth quarter valued at approximately $88,000. Finally, Marshall Wace LLP acquired a new stake in Aeva Technologies during the fourth quarter worth approximately $88,000. Institutional investors own 62.92% of the company's stock.

Analyst Upgrades and Downgrades

AEVA has been the subject of a number of recent analyst reports. Morgan Stanley upped their target price on Aeva Technologies from $5.22 to $11.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Canaccord Genuity Group upped their price objective 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. Oppenheimer boosted their target price on shares of Aeva Technologies from $9.00 to $18.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Finally, Roth Capital boosted their price objective on shares of Aeva Technologies from $6.00 to $17.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $12.33.

Insider Buying and Selling at Aeva Technologies

In other news, CEO Soroush Salehian Dardashti sold 250,000 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $15.70, for a total value of $3,925,000.00. Following the sale, the chief executive officer now directly owns 3,514,808 shares of the company's stock, valued at approximately $55,182,485.60. This represents a 6.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Sylebra Capital Llc bought 990,411 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was purchased at an average price of $4.36 per share, for a total transaction of $4,318,191.96. Following the acquisition, the insider now owns 11,369,715 shares of the company's stock, valued at $49,571,957.40. This trade represents a 9.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 4,213,506 shares of company stock worth $24,985,345 and sold 1,067,228 shares worth $11,550,119. Corporate insiders own 27.20% of the company's stock.

Aeva Technologies Stock Performance

Shares of AEVA traded down $0.61 during trading hours on Friday, reaching $23.06. The stock had a trading volume of 1,572,176 shares, compared to its average volume of 1,275,171. Aeva Technologies, Inc. has a 12 month low of $2.20 and a 12 month high of $24.24. The stock has a market capitalization of $1.27 billion, a PE ratio of -7.46 and a beta of 1.66. The company's 50-day moving average is $12.45 and its two-hundred day moving average is $7.16.

Aeva Technologies 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.