Pictet Asset Management SA Takes Position in Aeva Technologies, Inc. (NYSE:AEVA)

Pictet Asset Management SA acquired a new position in Aeva Technologies, Inc. (NYSE:AEVAGet Rating) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 13,041 shares of the company’s stock, valued at approximately $41,000.

Other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in Aeva Technologies in the 1st quarter worth about $35,000. Independent Advisor Alliance acquired a new stake in Aeva Technologies in the 2nd quarter worth about $41,000. MQS Management LLC acquired a new stake in Aeva Technologies in the 1st quarter worth about $51,000. Wolverine Asset Management LLC boosted its holdings in Aeva Technologies by 108.5% in the 1st quarter. Wolverine Asset Management LLC now owns 15,475 shares of the company’s stock worth $67,000 after buying an additional 8,053 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in Aeva Technologies by 12.4% in the 2nd quarter. Arizona State Retirement System now owns 29,267 shares of the company’s stock worth $92,000 after buying an additional 3,235 shares during the last quarter. 47.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on AEVA shares. Piper Sandler lowered their target price on Aeva Technologies from $4.50 to $2.25 and set a “neutral” rating on the stock in a report on Wednesday, November 9th. Roth Capital lowered their target price on Aeva Technologies from $20.00 to $10.00 in a report on Wednesday, November 9th. Morgan Stanley lowered their target price on Aeva Technologies from $5.00 to $2.50 and set an “equal weight” rating on the stock in a report on Wednesday, November 9th. Finally, Westpark Capital started coverage on Aeva Technologies in a report on Tuesday, November 1st. They set a “hold” rating and a $3.00 target price on the stock.

Aeva Technologies Stock Performance

AEVA stock opened at $1.62 on Friday. The firm has a market cap of $353.53 million, a PE ratio of -2.57 and a beta of 1.16. The firm’s 50 day moving average price is $1.98 and its 200-day moving average price is $2.79. Aeva Technologies, Inc. has a one year low of $1.55 and a one year high of $10.75.

Insider Activity

In other news, CFO Saurabh Sinha sold 11,997 shares of Aeva Technologies stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $2.75, for a total transaction of $32,991.75. Following the sale, the chief financial officer now owns 192,797 shares of the company’s stock, valued at approximately $530,191.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 34.70% of the company’s stock.

Aeva Technologies Profile

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Aeva Technologies, Inc, through its frequency modulated continuous wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that enables the adoption of LiDAR across various applications. from automated driving to consumer electronics, consumer health, industrial automation, and security application.

See Also

Institutional Ownership by Quarter for Aeva Technologies (NYSE:AEVA)

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