Rhumbline Advisers Sells 16,946 Shares of Aeva Technologies, Inc. (NASDAQ:AEVA)

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

Several other large investors also recently modified their holdings of the business. Parkwood LLC increased its holdings in shares of Aeva Technologies by 415.7% in the fourth quarter. Parkwood LLC now owns 1,426,627 shares of the company's stock worth $6,776,000 after acquiring an additional 1,150,000 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Aeva Technologies by 2,490.3% in 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 in the last quarter. Geode Capital Management LLC increased its holdings in shares of Aeva Technologies by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 621,191 shares of the company's stock worth $2,951,000 after acquiring an additional 9,318 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Aeva Technologies by 14.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 242,376 shares of the company's stock worth $1,151,000 after acquiring an additional 30,924 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Aeva Technologies by 5.0% in 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 in the last quarter. 62.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Aeva Technologies Price Performance

Shares of NASDAQ:AEVA opened at $29.97 on Wednesday. Aeva Technologies, Inc. has a one year low of $2.20 and a one year high of $31.25. The stock has a market capitalization of $1.65 billion, a PE ratio of -10.59 and a beta of 1.66. The company's 50-day moving average price is $15.57 and its two-hundred day moving average price is $8.40.

Insider Buying and Selling

In other Aeva Technologies news, Director Hrach Simonian sold 100,000 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of $24.86, for a total value of $2,486,000.00. Following the completion of the sale, the director now owns 3,597,039 shares in the company, valued at $89,422,389.54. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Sylebra Capital Llc purchased 1,333,188 shares of the business's stock in a transaction on Friday, March 28th. The stock was purchased at an average price of $6.70 per share, with a total value of $8,932,359.60. Following the purchase, the insider now owns 15,160,256 shares of the company's stock, valued at approximately $101,573,715.20. The trade was a 9.64% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 967,228 shares of company stock worth $12,964,119. 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.

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