Jane Street Group LLC Cuts Stock Holdings in Aeva Technologies, Inc. (NYSE:AEVA)

Jane Street Group LLC lessened its holdings in Aeva Technologies, Inc. (NYSE:AEVA) by 28.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,053 shares of the company’s stock after selling 9,908 shares during the period. Jane Street Group LLC’s holdings in Aeva Technologies were worth $82,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its position in Aeva Technologies by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 211,452 shares of the company’s stock worth $696,000 after acquiring an additional 8,007 shares during the period. Susquehanna Fundamental Investments LLC lifted its stake in 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 buying an additional 12,227 shares in the last quarter. American Century Companies Inc. purchased a new position in Aeva Technologies in the 2nd quarter valued at about $38,000. Sei Investments Co. acquired a new stake in Aeva Technologies in the 2nd quarter worth about $39,000. Finally, Bank of New York Mellon Corp increased its stake in 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 in the last quarter. Institutional investors and hedge funds own 62.92% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AEVA shares. Craig Hallum raised their target price on Aeva Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Roth Mkm boosted their price target on shares of 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 given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.53.

Insider Buying and Selling

In related news, CTO Mina Rezk sold 70,000 shares of Aeva Technologies stock in a transaction that occurred 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 completion of the sale, the chief technology officer now owns 8,766,669 shares in the company, valued at approximately $36,118,676.28. This trade represents a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Soroush Salehian Dardashti sold 107,795 shares of Aeva Technologies stock in a transaction on 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 directly owns 4,097,013 shares of the company’s stock, valued at $18,395,588.37. The trade was a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 29.10% of the stock is currently owned by company insiders.

Aeva Technologies Price Performance

Aeva Technologies stock opened at $4.44 on Thursday. The stock has a market cap of $239.24 million, a price-to-earnings ratio of -1.44 and a beta of 1.40. The firm has a 50 day simple moving average of $4.37 and a 200-day simple moving average of $3.61. Aeva Technologies, Inc. has a 1-year low of $2.20 and a 1-year high of $7.25.

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.