Aeva Technologies, Inc. $AEVA Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its stake in shares of Aeva Technologies, Inc. (NASDAQ:AEVA) by 181.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 97,933 shares of the company’s stock after acquiring an additional 63,078 shares during the period. Oppenheimer & Co. Inc.’s holdings in Aeva Technologies were worth $1,375,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Titan Global Capital Management USA LLC lifted its holdings in Aeva Technologies by 95.1% in the 1st quarter. Titan Global Capital Management USA LLC now owns 159,743 shares of the company’s stock worth $2,102,000 after purchasing an additional 77,856 shares during the last quarter. Bank of America Corp DE grew its position in Aeva Technologies by 27.7% during the 1st quarter. Bank of America Corp DE now owns 110,005 shares of the company’s stock worth $1,448,000 after acquiring an additional 23,856 shares during the last quarter. Siren L.L.C. acquired a new stake in Aeva Technologies during the 1st quarter valued at $1,448,000. Walleye Capital LLC acquired a new stake in Aeva Technologies during the 1st quarter valued at $1,401,000. Finally, Bank of New York Mellon Corp raised its position in Aeva Technologies by 1.8% in the 1st quarter. Bank of New York Mellon Corp now owns 96,156 shares of the company’s stock valued at $1,265,000 after purchasing an additional 1,743 shares during the last quarter. Hedge funds and other institutional investors own 62.92% of the company’s stock.

Wall Street Analyst Weigh In

AEVA has been the topic of a number of recent analyst reports. Canaccord Genuity Group boosted their price objective on Aeva Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. The Goldman Sachs Group assumed coverage on Aeva Technologies in a report on Monday, August 24th. They issued a “neutral” rating and a $20.00 price target for the company. Wall Street Zen downgraded shares of Aeva Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, September 4th. Finally, Oppenheimer restated an “outperform” rating and issued a $42.00 price objective on shares of Aeva Technologies in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Aeva Technologies presently has a consensus rating of “Hold” and a consensus target price of $28.75.

Insider Buying and Selling

In other Aeva Technologies news, CEO Soroush Dardashti sold 30,514 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $24.32, for a total value of $742,100.48. Following the completion of the sale, the chief executive officer owned 1,220,808 shares in the company, valued at $29,690,050.56. This trade represents a 2.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Saurabh Sinha sold 34,146 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $14.83, for a total value of $506,385.18. Following the sale, the chief financial officer owned 547,226 shares of the company’s stock, valued at approximately $8,115,361.58. This represents a 5.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 509,245 shares of company stock worth $11,731,912 over the last ninety days. Company insiders own 36.70% of the company’s stock.

Aeva Technologies Price Performance

Shares of AEVA stock opened at $9.27 on Monday. Aeva Technologies, Inc. has a 12-month low of $8.68 and a 12-month high of $31.30. The firm has a fifty day moving average of $13.74 and a 200-day moving average of $16.95. The firm has a market capitalization of $584.38 million, a price-to-earnings ratio of -3.40 and a beta of 2.56. The company has a quick ratio of 7.63, a current ratio of 7.85 and a debt-to-equity ratio of 3.52.

About Aeva Technologies

Aeva Technologies, Inc develops sensing and perception systems designed to help machines understand their surroundings. The company’s core technology is a 4D lidar platform that uses frequency-modulated continuous-wave (FMCW) sensing to measure an object’s location, depth, and velocity, supporting applications that require real-time environmental awareness.

Its products include lidar sensors and related perception software for the automotive, industrial, robotics, mapping, and other machine-perception markets.