29,769 Shares in Aeva Technologies, Inc. $AEVA Acquired by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC purchased a new stake in shares of Aeva Technologies, Inc. (NASDAQ:AEVA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 29,769 shares of the company’s stock, valued at approximately $1,125,000.

A number of other institutional investors also recently modified their holdings of AEVA. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Aeva Technologies in the second quarter worth $7,960,000. Titan Global Capital Management USA LLC bought a new position in Aeva Technologies in the 2nd quarter worth $2,500,000. Fox Run Management L.L.C. acquired a new position in Aeva Technologies during the 2nd quarter worth $520,000. HBK Sorce Advisory LLC bought a new stake in Aeva Technologies during the second quarter valued at about $277,000. Finally, Nisa Investment Advisors LLC grew its holdings in Aeva Technologies by 356.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,122 shares of the company’s stock valued at $80,000 after buying an additional 1,657 shares during the last quarter. Institutional investors own 62.92% of the company’s stock.

Aeva Technologies Stock Down 0.4%

NASDAQ AEVA opened at $11.27 on Thursday. Aeva Technologies, Inc. has a twelve month low of $2.52 and a twelve month high of $38.80. The stock has a market cap of $677.10 million, a P/E ratio of -2.12 and a beta of 2.04. The company’s 50-day simple moving average is $15.82 and its 200 day simple moving average is $18.27.

Aeva Technologies (NASDAQ:AEVA) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.46) EPS for the quarter. Aeva Technologies had a negative return on equity of 603.21% and a negative net margin of 1,031.15%.The business had revenue of $3.58 million for the quarter. Research analysts anticipate that Aeva Technologies, Inc. will post -2.7 earnings per share for the current year.

Insider Buying and Selling

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 250,000 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $13.45, for a total transaction of $3,362,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,884,808 shares in the company, valued at $25,350,667.60. This represents a 11.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Mina Rezk sold 250,000 shares of Aeva Technologies stock in a transaction on Monday, November 10th. The shares were sold at an average price of $13.45, for a total value of $3,362,500.00. Following the transaction, the chief technology officer directly owned 2,956,669 shares of the company’s stock, valued at approximately $39,767,198.05. The trade was a 7.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 768,282 shares of company stock worth $10,340,632 in the last 90 days. 27.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AEVA shares. Wall Street Zen cut Aeva Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aeva Technologies in a research note on Wednesday, October 8th. Oppenheimer increased their price target on shares of Aeva Technologies from $18.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, July 16th. Finally, Morgan Stanley upped their price objective on shares of Aeva Technologies from $11.00 to $19.00 and gave the company an “equal weight” rating in a research report on Friday, August 1st. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $24.50.

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.