Rhumbline Advisers Decreases Stock Position in Aeva Technologies, Inc. (NASDAQ:AEVA)

Rhumbline Advisers lowered its position in Aeva Technologies, Inc. (NASDAQ:AEVA - Free Report) by 31.6% in the 1st quarter, according to the company in its most recent disclosure 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 approximately 0.07% of Aeva Technologies worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in AEVA. Squarepoint Ops LLC purchased a new stake in Aeva Technologies in the fourth quarter worth $54,000. Two Sigma Advisers LP boosted its stake in shares of Aeva Technologies by 307.9% during the fourth quarter. Two Sigma Advisers LP now owns 48,700 shares of the company's stock valued at $231,000 after purchasing an additional 36,760 shares during the period. Two Sigma Investments LP grew its holdings in shares of Aeva Technologies by 308.6% in the fourth quarter. Two Sigma Investments LP now owns 74,288 shares of the company's stock worth $353,000 after purchasing an additional 56,107 shares during the last quarter. Parkwood LLC increased its stake in Aeva Technologies by 415.7% in the 4th quarter. Parkwood LLC now owns 1,426,627 shares of the company's stock worth $6,776,000 after buying an additional 1,150,000 shares during the period. Finally, Millennium Management LLC bought a new stake in Aeva Technologies during the 4th quarter valued at about $174,000. Institutional investors own 62.92% of the company's stock.

Insider Activity

In other news, major shareholder Sylebra Capital Llc purchased 1,068,297 shares of the firm's stock in a transaction on Monday, March 31st. The stock was acquired at an average cost of $6.77 per share, with a total value of $7,232,370.69. Following the completion of the transaction, the insider now owns 16,228,553 shares in the company, valued at $109,867,303.81. This represents a 7.05% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Soroush Salehian Dardashti sold 250,000 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $15.70, for a total transaction of $3,925,000.00. Following the transaction, the chief executive officer now owns 3,514,808 shares of the company's stock, valued at approximately $55,182,485.60. This trade represents a 6.64% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 967,228 shares of company stock worth $12,964,119. 27.20% of the stock is currently owned by company insiders.

Aeva Technologies Stock Up 8.6%

Shares of NASDAQ AEVA traded up $2.87 during midday trading on Friday, reaching $36.43. 5,525,332 shares of the company's stock traded hands, compared to its average volume of 2,091,796. The company has a market cap of $2.00 billion, a price-to-earnings ratio of -12.87 and a beta of 1.66. The stock's 50 day simple moving average is $17.12 and its 200-day simple moving average is $8.99. Aeva Technologies, Inc. has a one year low of $2.20 and a one year high of $36.76.

Analyst Ratings Changes

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

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.