Squarepoint Ops LLC Purchases Shares of 11,454 Aeva Technologies, Inc. (NASDAQ:AEVA)

Squarepoint Ops LLC purchased a new stake in Aeva Technologies, Inc. (NASDAQ:AEVA) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 11,454 shares of the company’s stock, valued at approximately $54,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Parkwood LLC lifted its stake in Aeva Technologies by 415.7% in the fourth quarter. Parkwood LLC now owns 1,426,627 shares of the company’s stock valued at $6,776,000 after acquiring an additional 1,150,000 shares during the last quarter. Jane Street Group LLC raised its position in shares of Aeva Technologies by 2,490.3% in the fourth quarter. Jane Street Group LLC now owns 648,942 shares of the company’s stock valued at $3,082,000 after purchasing an additional 623,889 shares during the period. Geode Capital Management LLC raised its position in shares of Aeva Technologies by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 621,191 shares of the company’s stock valued at $2,951,000 after purchasing an additional 9,318 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Aeva Technologies by 14.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 242,376 shares of the company’s stock valued at $1,151,000 after purchasing an additional 30,924 shares during the period. Finally, Northern Trust Corp raised its position in shares of Aeva Technologies by 5.0% in the fourth quarter. Northern Trust Corp now owns 208,287 shares of the company’s stock valued at $989,000 after purchasing an additional 9,984 shares during the period. Institutional investors and hedge funds own 62.92% of the company’s stock.

Aeva Technologies Stock Up 2.2%

Shares of Aeva Technologies stock opened at $22.26 on Wednesday. Aeva Technologies, Inc. has a twelve month low of $2.20 and a twelve month high of $22.63. The company has a 50-day simple moving average of $11.77 and a two-hundred day simple moving average of $6.91. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -7.20 and a beta of 1.66.

Insiders Place Their Bets

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 200,000 shares of Aeva Technologies stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $5.36, for a total value of $1,072,000.00. Following the completion of the sale, the chief executive officer now owns 3,764,808 shares in the company, valued at $20,179,370.88. The trade was a 5.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Mina Rezk sold 7,300 shares of Aeva Technologies stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $7.50, for a total transaction of $54,750.00. Following the completion of the sale, the chief technology officer now owns 8,689,369 shares of the company’s stock, valued at $65,170,267.50. This trade represents a 0.08% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders acquired 4,213,506 shares of company stock worth $24,985,345 and sold 1,067,228 shares worth $11,550,119. Corporate insiders own 27.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AEVA shares. Oppenheimer increased their price objective on shares of Aeva Technologies from $9.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, May 15th. Morgan Stanley increased their price objective on shares of Aeva Technologies from $5.22 to $11.00 and gave the company an “equal weight” rating in a research report on Monday, May 12th. Roth Capital increased their price objective on shares of Aeva Technologies from $6.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Finally, Canaccord Genuity Group increased their price objective on shares of Aeva Technologies from $9.50 to $16.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Aeva Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $12.33.

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.