Rhumbline Advisers Has $257,000 Stock Position in Aeva Technologies, Inc. $AEVA

Key Points

• Rhumbline Advisers reduced its stake in Aeva Technologies by 31.6%, owning 36,671 shares valued at approximately $257,000 after selling 16,946 shares in the 1st quarter.
• Several institutional investors, such as Sylebra Capital and American Century Companies, increased their holdings in Aeva Technologies significantly during the same period, reflecting strong interest in the company.
• Insiders at Aeva Technologies sold a substantial number of shares, with the CTO and CEO each reducing their stakes by over 7% and 8%, respectively, contributing to a total of 818,822 shares sold worth nearly $14 million in the last quarter.

Rhumbline Advisers reduced its position in Aeva Technologies, Inc. (NASDAQ:AEVA - Free Report) by 31.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,671 shares of the company's stock after selling 16,946 shares during the period. Rhumbline Advisers owned about 0.07% of Aeva Technologies worth $257,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in AEVA. Sylebra Capital LLC increased its holdings in Aeva Technologies by 56.4% in the first quarter. Sylebra Capital LLC now owns 16,228,553 shares of the company's stock worth $113,600,000 after buying an additional 5,849,249 shares during the last quarter. Jones Financial Companies Lllp grew its position in Aeva Technologies by 27,345.0% in the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company's stock worth $38,000 after acquiring an additional 5,469 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Aeva Technologies by 4.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company's stock worth $96,000 after acquiring an additional 630 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Aeva Technologies by 29.2% during the 1st quarter. AQR Capital Management LLC now owns 20,849 shares of the company's stock worth $146,000 after purchasing an additional 4,707 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Aeva Technologies by 81.5% during the 1st quarter. American Century Companies Inc. now owns 46,623 shares of the company's stock valued at $326,000 after purchasing an additional 20,934 shares in the last quarter. 62.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Aeva Technologies

In related news, CTO Mina Rezk sold 250,000 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $13.48, for a total transaction of $3,370,000.00. Following the completion of the transaction, the chief technology officer directly owned 3,236,669 shares in the company, valued at $43,630,298.12. This represents a 7.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Soroush Salehian Dardashti sold 200,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $13.45, for a total transaction of $2,690,000.00. Following the completion of the sale, the chief executive officer owned 2,134,808 shares in the company, valued at $28,713,167.60. This represents a 8.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 818,822 shares of company stock worth $13,961,215. Insiders own 27.20% of the company's stock.

Aeva Technologies Stock Performance

Aeva Technologies stock opened at $16.18 on Friday. Aeva Technologies, Inc. has a 52 week low of $2.52 and a 52 week high of $38.80. The firm has a market capitalization of $911.42 million, a PE ratio of -2.94 and a beta of 2.00. The business's 50-day simple moving average is $16.59 and its 200-day simple moving average is $15.76.

Aeva Technologies (NASDAQ:AEVA - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.02). The business had revenue of $5.51 million during the quarter, compared to analyst estimates of $3.40 million. Aeva Technologies had a negative net margin of 2,178.31% and a negative return on equity of 287.71%. Research analysts forecast that Aeva Technologies, Inc. will post -2.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

AEVA has been the subject of a number of recent research reports. Roth Capital upped 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. Wall Street Zen cut Aeva Technologies from a "hold" rating to a "sell" rating in a research report on Saturday, September 20th. Oppenheimer increased their price objective on Aeva Technologies from $18.00 to $33.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Finally, Morgan Stanley raised their price objective on Aeva Technologies from $11.00 to $19.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Aeva Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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