JPMorgan Chase & Co. Sells 5,921 Shares of Aeva Technologies, Inc. (NYSE:AEVA)

JPMorgan Chase & Co. reduced its stake in Aeva Technologies, Inc. (NYSE:AEVA) by 15.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,364 shares of the company’s stock after selling 5,921 shares during the period. JPMorgan Chase & Co. owned 0.06% of Aeva Technologies worth $106,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AEVA. Charles Schwab Investment Management Inc. raised its position in shares of 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 purchasing an additional 8,007 shares during the period. Susquehanna Fundamental Investments LLC raised its holdings in Aeva Technologies by 82.3% during the second quarter. Susquehanna Fundamental Investments LLC now owns 27,083 shares of the company’s stock worth $68,000 after buying an additional 12,227 shares during the last quarter. American Century Companies Inc. bought a new position in shares of Aeva Technologies in the second quarter valued at $38,000. Sei Investments Co. bought a new stake in shares of Aeva Technologies during the second quarter worth about $39,000. Finally, Barclays PLC raised its holdings in shares of Aeva Technologies by 276.4% in the 3rd quarter. Barclays PLC now owns 29,910 shares of the company’s stock worth $98,000 after acquiring an additional 21,964 shares during the last quarter. Institutional investors and hedge funds own 62.92% of the company’s stock.

Aeva Technologies Trading Up 4.7 %

AEVA stock opened at $4.24 on Monday. The company’s 50 day moving average is $4.46 and its 200 day moving average is $3.75. The stock has a market cap of $228.45 million, a price-to-earnings ratio of -1.37 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.

Insider Activity

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

Analysts Set New Price Targets

A number of research firms recently commented on AEVA. Roth Mkm increased their price target on Aeva Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Craig Hallum increased their target price on shares of Aeva Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.53.

About Aeva Technologies

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.