Aeva Technologies, Inc. (NYSE:AEVA) Shares Purchased by Parkwood LLC

Parkwood LLC grew its holdings in Aeva Technologies, Inc. (NYSE:AEVA - Free Report) by 415.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,426,627 shares of the company's stock after buying an additional 1,150,000 shares during the period. Parkwood LLC owned 2.65% of Aeva Technologies worth $6,776,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC increased its stake in shares of Aeva Technologies by 276.4% in the third quarter. Barclays PLC now owns 29,910 shares of the company's stock valued at $98,000 after buying an additional 21,964 shares during the period. PFG Investments LLC purchased a new stake in Aeva Technologies during the 4th quarter valued at about $48,000. Rhumbline Advisers raised its position in shares of Aeva Technologies by 13.2% in 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 in the last quarter. SBI Securities Co. Ltd. bought a new position in Aeva Technologies during the 4th quarter valued at approximately $88,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Aeva Technologies by 14.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 242,376 shares of the company's stock worth $1,151,000 after purchasing an additional 30,924 shares in the last quarter. 62.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder Sylebra Capital Llc bought 1,333,188 shares of the business's stock in a transaction on Friday, March 28th. The shares were bought at an average price of $6.70 per share, with a total value of $8,932,359.60. Following the completion of the transaction, the insider now directly owns 15,160,256 shares in the company, valued at $101,573,715.20. This trade represents a 9.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen Paul Zadesky sold 14,851 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $3.50, for a total value of $51,978.50. Following the completion of the sale, the director now directly owns 83,764 shares in the company, valued at approximately $293,174. The trade was a 15.06% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have bought 4,213,506 shares of company stock worth $24,985,345 and have sold 652,079 shares worth $3,947,397. 27.20% of the stock is currently owned by insiders.

Aeva Technologies Stock Down 15.7%

Shares of NYSE:AEVA traded down $2.90 during trading on Monday, reaching $15.54. 3,841,853 shares of the company's stock traded hands, compared to its average volume of 618,820. Aeva Technologies, Inc. has a fifty-two week low of $2.20 and a fifty-two week high of $20.38. The firm has a market cap of $854.64 million, a PE ratio of -5.01 and a beta of 1.07. The company has a 50-day simple moving average of $7.36 and a 200-day simple moving average of $5.28.

Analyst Ratings Changes

A number of research firms have recently issued reports on AEVA. Morgan Stanley raised their price target on Aeva Technologies from $5.22 to $11.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Roth Capital lifted their target price on Aeva Technologies from $6.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday. Canaccord Genuity Group upped their target price on Aeva Technologies from $9.50 to $16.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Oppenheimer increased their price objective on Aeva Technologies from $9.00 to $18.00 and gave the stock an "outperform" rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $12.33.

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.