Charles Schwab Investment Management Inc. Grows Stock Holdings in Aeva Technologies, Inc. (NYSE:AEVA)

Charles Schwab Investment Management Inc. boosted its holdings in Aeva Technologies, Inc. (NYSE:AEVA) by 3.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 211,452 shares of the company’s stock after buying an additional 8,007 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.39% of Aeva Technologies worth $696,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its position in shares of Aeva Technologies by 40.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 76,107 shares of the company’s stock worth $192,000 after buying an additional 21,865 shares during the last quarter. American Century Companies Inc. acquired a new position in Aeva Technologies in the second quarter valued at $38,000. Dimensional Fund Advisors LP acquired a new stake in shares of Aeva Technologies during the second quarter worth about $118,000. Sei Investments Co. purchased a new stake in shares of Aeva Technologies in the 2nd quarter valued at about $39,000. Finally, Susquehanna Fundamental Investments LLC boosted its position in shares of Aeva Technologies by 82.3% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 27,083 shares of the company’s stock valued at $68,000 after purchasing an additional 12,227 shares during the period. 62.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AEVA. Roth Mkm boosted their price objective on Aeva Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Craig Hallum lifted their price objective on shares of Aeva Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $10.53.

Aeva Technologies Stock Performance

Shares of Aeva Technologies stock opened at $3.83 on Thursday. The company has a market cap of $206.37 million, a P/E ratio of -1.24 and a beta of 1.43. The firm has a fifty day moving average of $4.10 and a two-hundred day moving average of $3.37. Aeva Technologies, Inc. has a one year low of $2.20 and a one year high of $7.25.

Insider Buying and Selling

In related news, CEO Soroush Salehian Dardashti sold 107,795 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $4.49, for a total value of $483,999.55. Following the completion of the sale, the chief executive officer now owns 4,097,013 shares in the company, valued at $18,395,588.37. This trade represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Mina Rezk sold 70,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $4.12, for a total transaction of $288,400.00. Following the sale, the chief technology officer now directly owns 8,766,669 shares in the company, valued at approximately $36,118,676.28. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. 29.10% of the stock is currently owned by corporate insiders.

Aeva Technologies 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.