Aeva Technologies, Inc. (NASDAQ:AEVA) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its holdings in Aeva Technologies, Inc. (NASDAQ:AEVA - Free Report) by 18.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,710 shares of the company's stock after selling 20,869 shares during the quarter. Oppenheimer & Co. Inc. owned approximately 0.17% of Aeva Technologies worth $663,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AEVA. Intech Investment Management LLC acquired a new position in Aeva Technologies in the fourth quarter valued at $52,000. Squarepoint Ops LLC purchased a new position in shares of Aeva Technologies during the fourth quarter worth about $54,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Aeva Technologies during the fourth quarter worth about $63,000. Advisory Services Network LLC acquired a new position in Aeva Technologies in the 4th quarter valued at about $78,000. Finally, Marshall Wace LLP purchased a new stake in Aeva Technologies during the 4th quarter valued at approximately $88,000. Hedge funds and other institutional investors own 62.92% of the company's stock.

Analysts Set New Price Targets

AEVA has been the topic of several analyst reports. Canaccord Genuity Group lifted their target price on Aeva Technologies from $9.50 to $16.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen raised Aeva Technologies from a "sell" rating to a "hold" rating in a report on Saturday, June 14th. Roth Capital lifted their price objective on shares of Aeva Technologies from $17.00 to $30.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th. Oppenheimer upped their price objective on shares of Aeva Technologies from $9.00 to $18.00 and gave the stock an "outperform" rating in a research report on Thursday, May 15th. Finally, Morgan Stanley raised their target price on shares of Aeva Technologies from $5.22 to $11.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $14.50.

Aeva Technologies Trading Up 7.7%

AEVA stock traded up $2.22 on Wednesday, reaching $30.88. 4,298,262 shares of the company's stock were exchanged, compared to its average volume of 2,774,447. The stock has a fifty day moving average of $18.20 and a 200-day moving average of $9.39. Aeva Technologies, Inc. has a twelve month low of $2.20 and a twelve month high of $38.80.

Insiders Place Their Bets

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 250,000 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $15.70, for a total transaction of $3,925,000.00. Following the transaction, the chief executive officer directly owned 3,514,808 shares in the company, valued at approximately $55,182,485.60. This represents a 6.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Hrach Simonian sold 100,000 shares of the stock in a transaction dated 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 transaction, the director directly owned 3,597,039 shares of the company's stock, valued at approximately $89,422,389.54. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 959,928 shares of company stock worth $12,909,369. Corporate insiders own 27.20% of the company's stock.

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.