Two Sigma Investments LP Grows Stock Holdings in Aeva Technologies, Inc. (NASDAQ:AEVA)

Two Sigma Investments LP boosted its position in shares of Aeva Technologies, Inc. (NASDAQ:AEVA - Free Report) by 308.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 74,288 shares of the company's stock after purchasing an additional 56,107 shares during the quarter. Two Sigma Investments LP owned about 0.14% of Aeva Technologies worth $353,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Parkwood LLC grew its stake in shares of Aeva Technologies by 415.7% during the 4th quarter. Parkwood LLC now owns 1,426,627 shares of the company's stock valued at $6,776,000 after purchasing an additional 1,150,000 shares during the period. Jane Street Group LLC lifted its stake in shares of Aeva Technologies by 2,490.3% in the 4th quarter. Jane Street Group LLC now owns 648,942 shares of the company's stock valued at $3,082,000 after purchasing an additional 623,889 shares during the last quarter. LPL Financial LLC bought a new position in Aeva Technologies during the 4th quarter valued at about $451,000. Deutsche Bank AG boosted its stake in shares of Aeva Technologies by 510.8% during the fourth quarter. Deutsche Bank AG now owns 45,039 shares of the company's stock valued at $214,000 after purchasing an additional 37,665 shares during the period. Finally, Millennium Management LLC bought a new position in Aeva Technologies in the fourth quarter worth approximately $174,000. Hedge funds and other institutional investors own 62.92% of the company's stock.

Insider Transactions at Aeva Technologies

In other Aeva Technologies news, CTO Mina Rezk sold 7,300 shares of the firm's 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 completion of the transaction, the chief technology officer now owns 8,689,369 shares of the company's stock, valued at approximately $65,170,267.50. This trade represents a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Sylebra Capital Llc bought 990,411 shares of the stock in a transaction on Monday, March 24th. The stock was purchased at an average cost of $4.36 per share, with a total value of $4,318,191.96. Following the completion of the purchase, the insider now directly owns 11,369,715 shares in the company, valued at $49,571,957.40. This trade represents a 9.54% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 4,213,506 shares of company stock worth $24,985,345 and sold 1,067,228 shares worth $11,550,119. Insiders own 27.20% of the company's stock.

Wall Street Analyst Weigh In

AEVA has been the topic of several analyst reports. Oppenheimer lifted their target price on Aeva Technologies from $9.00 to $18.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Wall Street Zen upgraded Aeva Technologies from a "sell" rating to a "hold" rating in a research report on Saturday. Canaccord Genuity Group raised their price target on shares of Aeva Technologies from $9.50 to $16.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Morgan Stanley lifted their price target on shares of Aeva Technologies from $5.22 to $11.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Finally, Roth Capital lifted their target price on shares of Aeva Technologies from $6.00 to $17.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Three equities research 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 company currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.33.

Aeva Technologies Price Performance

Shares of AEVA traded down $0.61 during midday trading on Friday, reaching $23.06. 1,572,176 shares of the stock were exchanged, 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. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -7.46 and a beta of 1.66. Aeva Technologies, Inc. has a twelve month low of $2.20 and a twelve month high of $24.24.

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.