Geode Capital Management LLC Boosts Stock Holdings in Aeva Technologies, Inc. (NYSE:AEVA)

Geode Capital Management LLC boosted its position in Aeva Technologies, Inc. (NYSE:AEVA) by 14.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 611,873 shares of the company’s stock after buying an additional 76,044 shares during the quarter. Geode Capital Management LLC’s holdings in Aeva Technologies were worth $2,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in Aeva Technologies by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 211,452 shares of the company’s stock worth $696,000 after acquiring an additional 8,007 shares during the period. Susquehanna Fundamental Investments LLC grew its position in shares of Aeva Technologies by 82.3% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 27,083 shares of the company’s stock valued at $68,000 after purchasing an additional 12,227 shares in the last quarter. American Century Companies Inc. bought a new position in shares of Aeva Technologies in the second quarter worth $38,000. Sei Investments Co. purchased a new stake in shares of Aeva Technologies in the second quarter worth $39,000. Finally, Bank of New York Mellon Corp raised its position in shares of Aeva Technologies by 40.3% in the second quarter. Bank of New York Mellon Corp now owns 76,107 shares of the company’s stock worth $192,000 after buying an additional 21,865 shares in the last quarter. 62.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Roth Mkm lifted their target price on shares of Aeva Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Craig Hallum upped their target price on shares of Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Aeva Technologies presently has an average rating of “Moderate Buy” and an average target price of $10.53.

Aeva Technologies Stock Down 9.8 %

Shares of AEVA opened at $4.50 on Thursday. The stock has a market cap of $242.47 million, a P/E ratio of -1.46 and a beta of 1.40. The business’s 50 day moving average price is $4.33 and its 200-day moving average price is $3.55. Aeva Technologies, Inc. has a 52 week low of $2.20 and a 52 week high of $7.25.

Insider Transactions at Aeva Technologies

In other news, CEO Soroush Salehian Dardashti sold 107,795 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $4.49, for a total value of $483,999.55. Following the completion of the sale, the chief executive officer now directly owns 4,097,013 shares in the company, valued at $18,395,588.37. This represents a 2.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Mina Rezk sold 70,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $4.12, for a total transaction of $288,400.00. Following the completion of the sale, the chief technology officer now directly owns 8,766,669 shares of the company’s stock, valued at $36,118,676.28. This represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 29.10% of the company’s stock.

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.