Geode Capital Management LLC Has $2.01 Million Holdings in Aeva Technologies, Inc. (NYSE:AEVA)

Geode Capital Management LLC boosted its holdings in shares of Aeva Technologies, Inc. (NYSE:AEVA) by 14.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 611,873 shares of the company’s stock after purchasing an additional 76,044 shares during the period. Geode Capital Management LLC owned 1.14% of Aeva Technologies worth $2,013,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. American Century Companies Inc. acquired a new position in Aeva Technologies in the second quarter valued at about $38,000. Sei Investments Co. bought a new position in shares of Aeva Technologies during the 2nd quarter valued at about $39,000. Susquehanna Fundamental Investments LLC lifted its holdings in shares of Aeva Technologies by 82.3% during 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 in the last quarter. Barclays PLC grew its position in shares of Aeva Technologies by 276.4% in the 3rd quarter. Barclays PLC now owns 29,910 shares of the company’s stock valued at $98,000 after purchasing an additional 21,964 shares during the period. Finally, Dimensional Fund Advisors LP bought a new stake in Aeva Technologies during the 2nd quarter worth approximately $118,000. Institutional investors own 62.92% of the company’s stock.

Aeva Technologies Trading Down 9.8 %

NYSE AEVA opened at $4.50 on Thursday. The firm’s 50 day simple moving average is $4.33 and its 200 day simple moving average is $3.55. The firm has a market capitalization of $242.47 million, a price-to-earnings ratio of -1.46 and a beta of 1.40. Aeva Technologies, Inc. has a 1 year low of $2.20 and a 1 year high of $7.25.

Insiders Place Their Bets

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

Analyst Ratings Changes

AEVA has been the subject of a number of research analyst reports. Roth Mkm upped their target price on shares of Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Craig Hallum upped their price objective on Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $10.53.

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.