Barclays PLC Buys 21,964 Shares of Aeva Technologies, Inc. (NYSE:AEVA)

Barclays PLC lifted its holdings in shares of Aeva Technologies, Inc. (NYSE:AEVA) by 276.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 29,910 shares of the company’s stock after purchasing an additional 21,964 shares during the period. Barclays PLC’s holdings in Aeva Technologies were worth $98,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in shares of Aeva Technologies by 14.2% during the 3rd quarter. Geode Capital Management LLC now owns 611,873 shares of the company’s stock valued at $2,013,000 after purchasing an additional 76,044 shares during the last quarter. State Street Corp grew its holdings in shares of Aeva Technologies by 5.5% during the 3rd quarter. State Street Corp now owns 452,309 shares of the company’s stock valued at $1,488,000 after purchasing an additional 23,593 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Aeva Technologies by 3.9% in 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 last quarter. Bank of New York Mellon Corp grew its holdings in Aeva Technologies by 40.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 76,107 shares of the company’s stock worth $192,000 after acquiring an additional 21,865 shares during the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in Aeva Technologies in the 2nd quarter worth $118,000. Institutional investors own 62.92% of the company’s stock.

Aeva Technologies Stock Performance

NYSE:AEVA opened at $4.46 on Friday. The firm has a 50-day simple moving average of $4.41 and a two-hundred day simple moving average of $3.69. Aeva Technologies, Inc. has a fifty-two week low of $2.20 and a fifty-two week high of $7.25. The firm has a market cap of $240.52 million, a P/E ratio of -1.44 and a beta of 1.40.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Roth Mkm raised 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. Craig Hallum lifted their price target 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $10.53.

Insider Transactions at Aeva Technologies

In related news, CEO Soroush Salehian Dardashti sold 107,795 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $4.49, for a total transaction 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 approximately $18,395,588.37. The trade was a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Mina Rezk sold 70,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $4.12, for a total transaction of $288,400.00. Following the sale, the chief technology officer now owns 8,766,669 shares of the company’s stock, valued at $36,118,676.28. This trade 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.

About Aeva Technologies

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.