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

State Street Corp increased its stake in Aeva Technologies, Inc. (NYSE:AEVA) by 5.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 452,309 shares of the company’s stock after acquiring an additional 23,593 shares during the quarter. State Street Corp’s holdings in Aeva Technologies were worth $1,488,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. American Century Companies Inc. acquired a new position in shares of Aeva Technologies during the second quarter valued at approximately $38,000. Sei Investments Co. acquired a new stake in shares of Aeva Technologies in the second quarter worth approximately $39,000. Susquehanna Fundamental Investments LLC increased its position in shares of 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 purchasing an additional 12,227 shares in the last quarter. Dimensional Fund Advisors LP acquired a new position in Aeva Technologies in the 2nd quarter valued at $118,000. Finally, Bank of New York Mellon Corp raised its stake in 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. 62.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Roth Mkm lifted their target price 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. Craig Hallum boosted their price target on shares of Aeva Technologies from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.53.

Insider Transactions at Aeva Technologies

In other Aeva Technologies news, CTO Mina Rezk sold 70,000 shares of Aeva Technologies stock in a transaction on Monday, November 11th. The stock was sold at an average price of $4.12, for a total value of $288,400.00. Following the sale, the chief technology officer now owns 8,766,669 shares in the company, valued at $36,118,676.28. The trade was a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Soroush Salehian Dardashti sold 107,795 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $4.49, for a total value 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 represents a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 29.10% of the company’s stock.

Aeva Technologies Stock Performance

NYSE AEVA opened at $5.01 on Friday. The stock’s fifty day moving average is $4.25 and its two-hundred day moving average is $3.47. The firm has a market capitalization of $269.95 million, a P/E ratio of -1.62 and a beta of 1.43. Aeva Technologies, Inc. has a fifty-two week low of $2.20 and a fifty-two week high of $7.25.

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.