Squarepoint Ops LLC Takes Position in Aeva Technologies, Inc. (NASDAQ:AEVA)

Squarepoint Ops LLC acquired a new position in Aeva Technologies, Inc. (NASDAQ:AEVA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,454 shares of the company's stock, valued at approximately $54,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AEVA. Rhumbline Advisers raised its stake in Aeva Technologies by 13.2% during the 4th quarter. Rhumbline Advisers now owns 53,617 shares of the company's stock worth $255,000 after acquiring an additional 6,238 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Aeva Technologies during the fourth quarter valued at approximately $88,000. Charles Schwab Investment Management Inc. raised its position in shares of Aeva Technologies by 14.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 242,376 shares of the company's stock valued at $1,151,000 after buying an additional 30,924 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Aeva Technologies during the fourth quarter valued at approximately $52,000. Finally, American Century Companies Inc. raised its position in shares of Aeva Technologies by 34.9% during the fourth quarter. American Century Companies Inc. now owns 25,689 shares of the company's stock valued at $122,000 after buying an additional 6,640 shares during the last quarter. Institutional investors own 62.92% of the company's stock.

Aeva Technologies Trading Down 2.6%

AEVA traded down $0.61 during trading hours on Friday, hitting $23.06. The company's stock had a trading volume of 1,572,176 shares, compared to its average volume of 1,275,171. The business's 50-day moving average price is $12.79 and its 200-day moving average price is $7.28. Aeva Technologies, Inc. has a 12 month low of $2.20 and a 12 month high of $24.24. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -7.46 and a beta of 1.66.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Oppenheimer lifted their price objective 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. Roth Capital lifted 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. Canaccord Genuity Group lifted their price objective on shares of Aeva Technologies from $9.50 to $16.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Wall Street Zen upgraded shares of Aeva Technologies from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Morgan Stanley boosted their price target on shares of Aeva Technologies from $5.22 to $11.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $12.33.

Insider Buying and Selling

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 200,000 shares of Aeva Technologies stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $5.36, for a total transaction of $1,072,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,764,808 shares of the company's stock, valued at $20,179,370.88. The trade was a 5.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Mina Rezk sold 7,300 shares of Aeva Technologies stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $7.50, for a total transaction of $54,750.00. Following the transaction, the chief technology officer now directly owns 8,689,369 shares of the company's stock, valued at $65,170,267.50. The trade was a 0.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 4,213,506 shares of company stock worth $24,985,345 and have sold 1,067,228 shares worth $11,550,119. 27.20% of the stock is currently owned by company insiders.

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.