Walleye Capital LLC Takes $1.40 Million Position in Aeva Technologies, Inc. $AEVA

Walleye Capital LLC bought a new stake in Aeva Technologies, Inc. (NASDAQ:AEVA) during the first quarter, HoldingsChannel reports. The institutional investor bought 106,480 shares of the company’s stock, valued at approximately $1,401,000.

Other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP increased its position in Aeva Technologies by 122.8% during the 3rd quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock worth $30,000 after purchasing an additional 1,157 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Aeva Technologies in the 4th quarter valued at about $33,000. Jones Financial Companies Lllp lifted its holdings in Aeva Technologies by 27,345.0% in the 1st quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock valued at $38,000 after purchasing an additional 5,469 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Aeva Technologies during the 4th quarter worth about $47,000. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Aeva Technologies by 79.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,339 shares of the company’s stock worth $58,000 after purchasing an additional 1,922 shares during the last quarter. Institutional investors and hedge funds own 62.92% of the company’s stock.

Insider Activity at Aeva Technologies

In related news, CEO Soroush Salehian Dardashti sold 64,821 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $21.16, for a total transaction of $1,371,612.36. Following the completion of the transaction, the chief executive officer owned 1,595,136 shares of the company’s stock, valued at approximately $33,753,077.76. This represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Stephen Paul Zadesky sold 2,984 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $25.41, for a total transaction of $75,823.44. Following the transaction, the director directly owned 92,898 shares of the company’s stock, valued at $2,360,538.18. This trade represents a 3.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 863,922 shares of company stock valued at $20,034,803 over the last three months. Insiders own 36.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AEVA. Weiss Ratings raised shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Wall Street Zen downgraded Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $21.50.

Aeva Technologies Stock Performance

NASDAQ AEVA opened at $16.10 on Friday. The business’s 50-day moving average price is $22.78 and its 200 day moving average price is $17.75. The company has a current ratio of 4.09, a quick ratio of 3.89 and a debt-to-equity ratio of 7.32. Aeva Technologies, Inc. has a twelve month low of $8.83 and a twelve month high of $31.30. The company has a market capitalization of $1.01 billion, a PE ratio of -3.23 and a beta of 2.40.

Aeva Technologies (NASDAQ:AEVA) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.41) EPS for the quarter, beating the consensus estimate of ($0.53) by $0.12. The business had revenue of $6.26 million during the quarter. On average, research analysts predict that Aeva Technologies, Inc. will post -2.26 earnings per share for the current year.

Aeva Technologies Profile

Aeva Technologies, Inc is a technology company specializing in the development and commercialization of advanced sensing and perception solutions based on frequency-modulated continuous wave (FMCW) LiDAR. Headquartered in Mountain View, California, Aeva’s core products include solid-state LiDAR sensors and perception software designed to provide high-resolution, long-range 4D data for automotive, industrial and robotic applications. The company’s FMCW approach enables simultaneous measurement of both object velocity and distance, distinguishing Aeva’s systems from traditional time-of-flight LiDAR solutions.

Founded in 2016 by Soroush Salehian and Mina Rezk, Aeva began as Aeon Imaging before adopting its current name in 2019.