Investors Purchase High Volume of Call Options on Innoviz Technologies (NASDAQ:INVZ)

Key Points

• Traders purchased an unusually large number of calls—8,666 call options, a 105% increase versus the average—indicating heightened bullish options activity in INVZ.
• Shares climbed about 4.5% to $1.29 on heavy volume (~7.44M shares); the company has a market cap of $268.3M and a 52‑week range of $0.48–$3.14.
• Analysts are mixed but lean positive overall: three Buy and one Sell give a consensus "Moderate Buy" with an average target of $3.10, and institutional investors hold roughly 63.26% of the stock.

Innoviz Technologies Ltd. (NASDAQ:INVZ - Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Stock traders purchased 8,666 call options on the stock. This represents an increase of 105% compared to the average daily volume of 4,225 call options.

Innoviz Technologies Trading Up 4.5%

Shares of NASDAQ:INVZ traded up $0.06 during midday trading on Tuesday, hitting $1.29. The stock had a trading volume of 7,436,997 shares, compared to its average volume of 7,245,267. The stock has a 50 day moving average price of $1.31 and a two-hundred day moving average price of $1.61. The company has a market capitalization of $268.28 million, a PE ratio of -3.79 and a beta of 1.35. Innoviz Technologies has a 1 year low of $0.48 and a 1 year high of $3.14.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on INVZ shares. The Goldman Sachs Group cut their price objective on Innoviz Technologies from $2.50 to $2.00 and set a "buy" rating for the company in a research report on Wednesday, November 26th. Weiss Ratings restated a "sell (d-)" rating on shares of Innoviz Technologies in a report on Monday, December 29th. Finally, Wall Street Zen lowered shares of Innoviz Technologies from a "hold" rating to a "sell" rating in a report on Saturday, December 20th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Innoviz Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $3.10.

Hedge Funds Weigh In On Innoviz Technologies

A number of institutional investors have recently modified their holdings of the company. Caprock Group LLC purchased a new stake in Innoviz Technologies in the 3rd quarter worth approximately $26,000. Bank Hapoalim BM purchased a new stake in shares of Innoviz Technologies in the second quarter valued at $26,000. O ROURKE & COMPANY Inc acquired a new position in Innoviz Technologies in the second quarter valued at $33,000. WMG Financial Advisors LLC acquired a new position in Innoviz Technologies in the second quarter valued at $34,000. Finally, Corsair Capital Management L.P. purchased a new position in Innoviz Technologies during the second quarter worth about $41,000. Institutional investors and hedge funds own 63.26% of the company's stock.

Innoviz Technologies Company Profile

Innoviz Technologies Ltd. NASDAQ: INVZ is a developer of high-performance solid-state LiDAR sensors and perception software designed to support advanced driver assistance systems (ADAS) and autonomous driving applications. The company’s core business focuses on providing automotive-grade LiDAR hardware, along with software algorithms that enable accurate 3D mapping, object detection and environmental perception in real time. Innoviz’s technology is tailored for integration into passenger vehicles, commercial fleets and other mobility platforms seeking improved safety and autonomy.

Founded in 2016 and headquartered in Rosh Ha’ayin, Israel, Innoviz has emerged as a key supplier to leading global automakers and Tier 1 suppliers.

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