Federated Hermes Inc. Invests $1.17 Million in Aeva Technologies, Inc. $AEVA

Federated Hermes Inc. bought a new stake in Aeva Technologies, Inc. (NASDAQ:AEVA) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 80,916 shares of the company’s stock, valued at approximately $1,173,000. Federated Hermes Inc. owned about 0.14% of Aeva Technologies as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quantbot Technologies LP acquired a new position in Aeva Technologies during the second quarter worth approximately $36,000. Total Investment Management Inc. bought a new position in shares of Aeva Technologies during the 2nd quarter worth approximately $43,000. AlphaQuest LLC acquired a new position in shares of Aeva Technologies during the 2nd quarter worth approximately $51,000. Nisa Investment Advisors LLC increased its holdings in shares of Aeva Technologies by 356.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,122 shares of the company’s stock worth $80,000 after acquiring an additional 1,657 shares during the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in Aeva Technologies in the 2nd quarter valued at $100,000. Institutional investors own 62.92% of the company’s stock.

Insider Activity at Aeva Technologies

In related news, CTO Mina Rezk sold 64,787 shares of the stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $18.85, for a total transaction of $1,221,234.95. Following the sale, the chief technology officer owned 1,469,760 shares of the company’s stock, valued at $27,704,976. This represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Soroush Salehian Dardashti sold 64,787 shares of the firm’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $18.85, for a total value of $1,221,234.95. Following the transaction, the chief executive officer owned 1,766,412 shares in the company, valued at approximately $33,296,866.20. This trade represents a 3.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,580,299 shares of company stock worth $21,927,276. Company insiders own 27.20% of the company’s stock.

Aeva Technologies Stock Performance

NASDAQ:AEVA opened at $11.35 on Friday. Aeva Technologies, Inc. has a 52 week low of $2.52 and a 52 week high of $38.80. The firm’s 50-day simple moving average is $15.04 and its 200 day simple moving average is $15.25. The firm has a market cap of $681.91 million, a price-to-earnings ratio of -2.13 and a beta of 2.09.

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

Analysts Set New Price Targets

AEVA has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Aeva Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Canaccord Genuity Group restated a “buy” rating and set a $24.00 target price on shares of Aeva Technologies in a research note on Thursday, December 4th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aeva Technologies in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $26.50.

Aeva Technologies Company Profile

Aeva Technologies, Inc is a technology company specializing in the development and commercialization of advanced sensing and perception solutions based on frequency-modulated continuous wave (FMCW) LiDAR. Headquartered in Mountain View, California, Aeva’s core products include solid-state LiDAR sensors and perception software designed to provide high-resolution, long-range 4D data for automotive, industrial and robotic applications. The company’s FMCW approach enables simultaneous measurement of both object velocity and distance, distinguishing Aeva’s systems from traditional time-of-flight LiDAR solutions.

Founded in 2016 by Soroush Salehian and Mina Rezk, Aeva began as Aeon Imaging before adopting its current name in 2019.