Handelsbanken Fonder AB Invests $622,000 in Aeva Technologies, Inc. $AEVA

Handelsbanken Fonder AB acquired a new stake in Aeva Technologies, Inc. (NASDAQ:AEVA) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,462 shares of the company’s stock, valued at approximately $622,000.

Several other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in shares of Aeva Technologies by 81.5% during the 1st quarter. American Century Companies Inc. now owns 46,623 shares of the company’s stock worth $326,000 after buying an additional 20,934 shares during the last quarter. Titan Global Capital Management USA LLC acquired a new position in Aeva Technologies during the second quarter worth about $2,500,000. Informed Momentum Co LLC acquired a new position in Aeva Technologies during the first quarter worth about $781,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Aeva Technologies in the second quarter worth about $1,125,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Aeva Technologies in the 2nd quarter valued at approximately $7,960,000. 62.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Aeva Technologies

In other news, CTO Mina Rezk sold 250,000 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was 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 $39,767,198.05. The trade was a 7.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Soroush Salehian Dardashti sold 250,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 1,884,808 shares in the company, valued at approximately $25,350,667.60. The trade was a 11.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 656,368 shares of company stock valued at $8,687,249. 27.20% of the stock is currently owned by insiders.

Aeva Technologies Stock Performance

Aeva Technologies stock opened at $11.15 on Friday. Aeva Technologies, Inc. has a 52-week low of $2.52 and a 52-week high of $38.80. The firm has a 50 day moving average price of $14.54 and a two-hundred day moving average price of $18.35. The firm has a market cap of $669.89 million, a price-to-earnings ratio of -2.10 and a beta of 2.04.

Aeva Technologies (NASDAQ:AEVA) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.46) EPS for the quarter. Aeva Technologies had a negative net margin of 1,031.15% and a negative return on equity of 603.21%. The firm had revenue of $3.58 million during the quarter. As a group, equities research analysts predict that Aeva Technologies, Inc. will post -2.7 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on AEVA. Wall Street Zen cut shares of Aeva Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Aeva Technologies in a report on Monday, November 24th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $24.50.

Aeva Technologies Company 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.