Arrowstreet Capital Limited Partnership Acquires 1,041,176 Shares of Aeva Technologies, Inc. $AEVA

Arrowstreet Capital Limited Partnership boosted its stake in shares of Aeva Technologies, Inc. (NASDAQ:AEVA) by 1,630.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,105,048 shares of the company’s stock after acquiring an additional 1,041,176 shares during the period. Arrowstreet Capital Limited Partnership owned 1.96% of Aeva Technologies worth $41,760,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of Aeva Technologies by 92.2% during the second quarter. GAMMA Investing LLC now owns 865 shares of the company’s stock valued at $33,000 after acquiring an additional 415 shares during the last quarter. Quantbot Technologies LP bought a new stake in Aeva Technologies in the second quarter valued at $36,000. Jones Financial Companies Lllp boosted its holdings in Aeva Technologies by 27,345.0% in the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock worth $38,000 after acquiring an additional 5,469 shares in the last quarter. AlphaQuest LLC acquired a new position in Aeva Technologies during the second quarter worth $51,000. Finally, Nisa Investment Advisors LLC boosted its stake in Aeva Technologies by 356.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,122 shares of the company’s stock valued at $80,000 after purchasing an additional 1,657 shares during the last quarter. 62.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AEVA has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aeva Technologies in a research report on Monday, November 24th. Wall Street Zen downgraded shares of Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $24.00 price target on shares of Aeva Technologies in a report on Thursday. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $26.50.

Insider Buying and Selling

In other Aeva Technologies news, CFO Saurabh Sinha sold 48,086 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $9.97, for a total transaction of $479,417.42. Following the completion of the transaction, the chief financial officer owned 720,512 shares in the company, valued at $7,183,504.64. This trade represents a 6.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Mina Rezk sold 250,000 shares of the stock in a transaction on Monday, November 10th. The shares were sold at an average price of $13.45, for a total transaction of $3,362,500.00. Following the transaction, the chief technology officer owned 2,956,669 shares of the company’s stock, valued at $39,767,198.05. This trade represents a 7.80% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 619,710 shares of company stock valued at $8,181,369. 27.20% of the stock is owned by corporate insiders.

Aeva Technologies Stock Down 7.4%

AEVA stock opened at $14.70 on Friday. Aeva Technologies, Inc. has a twelve month low of $2.52 and a twelve month high of $38.80. The business has a 50 day moving average of $14.18 and a 200 day moving average of $18.22. The firm has a market cap of $883.18 million, a PE ratio of -2.76 and a beta of 2.16.

Aeva Technologies (NASDAQ:AEVA) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.46) earnings per share (EPS) for the quarter. The business had revenue of $3.58 million for the quarter. Aeva Technologies had a negative net margin of 1,031.15% and a negative return on equity of 603.21%. On average, research analysts expect that Aeva Technologies, Inc. will post -2.7 earnings per share for the current fiscal year.

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.