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

Barclays PLC trimmed its holdings in Innoviz Technologies Ltd. (NASDAQ:INVZ) by 65.2% during the third quarter, Holdings Channel reports. The institutional investor owned 198,392 shares of the company’s stock after selling 371,500 shares during the period. Barclays PLC’s holdings in Innoviz Technologies were worth $164,000 at the end of the most recent quarter.

Separately, Polar Asset Management Partners Inc. raised its holdings in shares of Innoviz Technologies by 29.6% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 3,219,400 shares of the company’s stock valued at $2,665,000 after buying an additional 735,300 shares during the period. 63.26% of the stock is owned by institutional investors.

Innoviz Technologies Stock Up 0.5 %

Shares of NASDAQ INVZ opened at $1.89 on Thursday. The stock has a market capitalization of $257.38 million, a price-to-earnings ratio of -2.95 and a beta of 0.73. The stock’s fifty day simple moving average is $1.21 and its 200 day simple moving average is $0.90. Innoviz Technologies Ltd. has a 52-week low of $0.45 and a 52-week high of $3.14.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Westpark Capital assumed coverage on Innoviz Technologies in a report on Wednesday, November 27th. They set a “buy” rating and a $1.30 price objective on the stock. 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. Rosenblatt Securities upgraded Innoviz Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $3.25 to $4.00 in a report on Friday, December 20th. Finally, Cantor Fitzgerald downgraded Innoviz Technologies from an “overweight” rating to a “neutral” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Innoviz Technologies currently has an average rating of “Moderate Buy” and an average price target of $3.01.

Innoviz Technologies Profile

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.