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

Jane Street Group LLC reduced its stake in Aeva Technologies, Inc. (NYSE:AEVA) by 28.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. purchased a new position in Aeva Technologies in the second quarter worth approximately $38,000. Sei Investments Co. acquired a new position in Aeva Technologies in the second quarter valued at approximately $39,000. Susquehanna Fundamental Investments LLC increased its stake in Aeva Technologies by 82.3% in the second 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 during the last quarter. Dimensional Fund Advisors LP acquired a new stake in Aeva Technologies during the second quarter worth approximately $118,000. Finally, Bank of New York Mellon Corp lifted its position in shares of 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 during the last quarter. 62.92% of the stock is currently owned by hedge funds and other institutional investors.

Aeva Technologies Trading Up 6.2 %

Shares of AEVA opened at $4.44 on Thursday. The company’s 50 day simple moving average is $4.37 and its 200-day simple moving average is $3.61. The firm has a market cap of $239.24 million, a PE ratio of -1.44 and a beta of 1.40. Aeva Technologies, Inc. has a 12-month low of $2.20 and a 12-month high of $7.25.

Insider Buying and Selling

In other news, CEO Soroush Salehian Dardashti sold 107,795 shares of Aeva Technologies stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $4.49, for a total value of $483,999.55. Following the sale, the chief executive officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Mina Rezk sold 70,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $4.12, for a total transaction of $288,400.00. Following the transaction, the chief technology officer now directly owns 8,766,669 shares of the company’s stock, valued at $36,118,676.28. This represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 29.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AEVA has been the topic of several research analyst reports. Craig Hallum lifted their price target 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. Roth Mkm raised their price objective on Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $10.53.

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.