Innoviz Technologies Ltd. (NASDAQ:INVZ) Shares Sold by Barclays PLC

Barclays PLC decreased its position in shares of Innoviz Technologies Ltd. (NASDAQ:INVZ) by 65.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,392 shares of the company’s stock after selling 371,500 shares during the quarter. Barclays PLC owned 0.15% of Innoviz Technologies worth $164,000 as of its most recent SEC filing.

Separately, SkyView Investment Advisors LLC acquired a new position in shares of Innoviz Technologies during the 2nd quarter valued at about $371,000. 63.26% of the stock is currently owned by institutional investors.

Innoviz Technologies Stock Up 0.5 %

INVZ opened at $1.89 on Thursday. The firm has a market cap of $257.38 million, a P/E ratio of -2.95 and a beta of 0.73. Innoviz Technologies Ltd. has a 52 week low of $0.45 and a 52 week high of $3.14. The business’s fifty day simple moving average is $1.21 and its 200 day simple moving average is $0.90.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on INVZ. Cantor Fitzgerald lowered shares of Innoviz Technologies from an “overweight” rating to a “neutral” rating in a report on Thursday, November 14th. The Goldman Sachs Group lowered their price target on Innoviz Technologies from $1.00 to $0.75 and set a “neutral” rating for the company in a report on Thursday, November 14th. Westpark Capital started coverage on Innoviz Technologies in a report on Wednesday, November 27th. They issued a “buy” rating and a $1.30 price target for the company. Finally, Rosenblatt Securities raised Innoviz Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $3.25 to $4.00 in a report on Friday, December 20th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Innoviz Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.01.

About Innoviz Technologies

Innoviz Technologies Ltd. manufactures and sells automotive grade LiDAR sensors and perception software to enable safe autonomous driving at a mass scale. The company offers InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxis, shuttles, trucks, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy.