State Street Corp Raises Holdings in Aeva Technologies, Inc. (NYSE:AEVA)

State Street Corp lifted its position in Aeva Technologies, Inc. (NYSE:AEVA) by 5.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 452,309 shares of the company’s stock after purchasing an additional 23,593 shares during the quarter. State Street Corp owned about 0.84% of Aeva Technologies worth $1,488,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Aeva Technologies

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 107,795 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $4.49, for a total transaction 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 approximately $18,395,588.37. This trade represents a 2.56 % decrease in their position. The sale 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 business’s stock in a transaction dated 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 transaction, the chief technology officer now directly owns 8,766,669 shares of the company’s stock, valued at approximately $36,118,676.28. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 29.10% of the company’s stock.

Aeva Technologies Stock Up 5.5 %

AEVA stock opened at $5.01 on Friday. The stock has a market capitalization of $269.95 million, a PE ratio of -1.62 and a beta of 1.43. Aeva Technologies, Inc. has a 52 week low of $2.20 and a 52 week high of $7.25. The firm has a 50 day moving average of $4.25 and a 200 day moving average of $3.47.

Wall Street Analysts Forecast Growth

AEVA has been the subject of a number of recent analyst reports. Craig Hallum boosted their price objective on Aeva Technologies from $5.00 to $6.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Roth Mkm boosted their target price 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 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 currently has an average rating of “Moderate Buy” and an average 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.