Oppenheimer & Co. Inc. Acquires 63,078 Shares of Aeva Technologies, Inc. $AEVA

Oppenheimer & Co. Inc. boosted its stake in Aeva Technologies, Inc. (NASDAQ:AEVA) by 181.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,933 shares of the company’s stock after acquiring an additional 63,078 shares during the period. Oppenheimer & Co. Inc. owned 0.16% of Aeva Technologies worth $1,375,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AEVA. Rockefeller Capital Management L.P. grew its position in shares of Aeva Technologies by 19.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 7,159 shares of the company’s stock worth $95,000 after acquiring an additional 1,159 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Aeva Technologies by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 96,156 shares of the company’s stock worth $1,265,000 after purchasing an additional 1,743 shares during the period. Quantinno Capital Management LP boosted its holdings in Aeva Technologies by 15.4% in the first quarter. Quantinno Capital Management LP now owns 24,141 shares of the company’s stock worth $318,000 after purchasing an additional 3,218 shares during the period. Inspire Investing LLC boosted its holdings in Aeva Technologies by 10.2% in the first quarter. Inspire Investing LLC now owns 38,911 shares of the company’s stock worth $512,000 after purchasing an additional 3,611 shares during the period. Finally, Next Capital Management LLC bought a new stake in Aeva Technologies during the second quarter valued at $211,000. 62.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Aeva Technologies

In other news, CFO Saurabh Sinha sold 34,146 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $14.83, for a total transaction of $506,385.18. Following the completion of the transaction, the chief financial officer owned 547,226 shares in the company, valued at approximately $8,115,361.58. This trade represents a 5.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Mina Rezk sold 100,000 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $24.01, for a total transaction of $2,401,000.00. Following the sale, the chief technology officer directly owned 1,606,669 shares of the company’s stock, valued at $38,576,122.69. This represents a 5.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 509,245 shares of company stock worth $11,731,912. 36.70% of the stock is owned by company insiders.

Aeva Technologies Stock Performance

Shares of AEVA opened at $9.27 on Monday. Aeva Technologies, Inc. has a 1 year low of $8.68 and a 1 year high of $31.30. The company has a market cap of $584.38 million, a price-to-earnings ratio of -3.40 and a beta of 2.56. The company has a debt-to-equity ratio of 3.52, a quick ratio of 7.63 and a current ratio of 7.85. The firm has a fifty day moving average of $13.74 and a 200-day moving average of $16.95.

Analysts Set New Price Targets

A number of brokerages have weighed in on AEVA. Weiss Ratings raised shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, September 4th. Canaccord Genuity Group lifted their price target on shares of Aeva Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Oppenheimer reaffirmed an “outperform” rating and set a $42.00 price objective on shares of Aeva Technologies in a research report on Thursday, August 6th. Wall Street Zen lowered shares of Aeva Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Finally, The Goldman Sachs Group started coverage on shares of Aeva Technologies in a report on Monday, August 24th. They issued a “neutral” rating and a $20.00 target price on the stock. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $28.75.

About Aeva Technologies

Aeva Technologies, Inc develops sensing and perception systems designed to help machines understand their surroundings. The company’s core technology is a 4D lidar platform that uses frequency-modulated continuous-wave (FMCW) sensing to measure an object’s location, depth, and velocity, supporting applications that require real-time environmental awareness.

Its products include lidar sensors and related perception software for the automotive, industrial, robotics, mapping, and other machine-perception markets.