Aeva Technologies, Inc. $AEVA Stock Purchased by CenterBook Partners LP

CenterBook Partners LP boosted its position in Aeva Technologies, Inc. (NASDAQ:AEVA) by 174.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 481,383 shares of the company’s stock after purchasing an additional 305,792 shares during the period. CenterBook Partners LP owned approximately 0.76% of Aeva Technologies worth $6,759,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in shares of Aeva Technologies in the 2nd quarter worth approximately $2,382,000. Titan Global Capital Management USA LLC raised its holdings in shares of 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 in the last quarter. Brooklands Fund Management Ltd bought a new stake in shares of Aeva Technologies in the 3rd quarter worth approximately $23,158,000. Sona Asset Management US LLC acquired a new stake in Aeva Technologies during the first quarter valued at approximately $987,000. Finally, Siren L.L.C. acquired a new stake in Aeva Technologies during the first quarter valued at approximately $1,448,000. 62.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, September 4th. Morgan Stanley increased their price objective on Aeva Technologies from $18.50 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Oppenheimer reissued an “outperform” rating and set a $42.00 price objective on shares of Aeva Technologies in a research note on Thursday, August 6th. Wall Street Zen cut Aeva Technologies from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th. Finally, The Goldman Sachs Group assumed coverage on Aeva Technologies in a research report on Monday, August 24th. They set a “neutral” rating and a $20.00 target price on the stock. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $28.75.

Insider Activity

In related news, CTO Mina Rezk sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $24.01, for a total transaction of $2,401,000.00. Following the transaction, the chief technology officer directly owned 1,606,669 shares of the company’s stock, valued at approximately $38,576,122.69. The trade was a 5.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Soroush Dardashti sold 219,486 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $24.03, for a total transaction of $5,274,248.58. Following the completion of the transaction, the chief executive officer owned 1,251,322 shares in the company, valued at approximately $30,069,267.66. This represents a 14.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 579,680 shares of company stock worth $12,353,149 in the last 90 days. Company insiders own 36.70% of the company’s stock.

Aeva Technologies Trading Up 19.7%

Shares of AEVA traded up $1.81 during midday trading on Friday, hitting $11.00. The stock had a trading volume of 3,094,172 shares, compared to its average volume of 1,709,326. Aeva Technologies, Inc. has a fifty-two week low of $8.26 and a fifty-two week high of $31.30. The business has a 50-day simple moving average of $13.03 and a two-hundred day simple moving average of $16.69. The firm has a market cap of $693.44 million, a P/E ratio of -4.00 and a beta of 2.56. The company has a current ratio of 7.85, a quick ratio of 7.63 and a debt-to-equity ratio of 3.52.

Aeva Technologies Profile

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.