BBR Partners LLC Makes New Investment in Aeva Technologies, Inc. $AEVA

BBR Partners LLC bought a new position in shares of Aeva Technologies, Inc. (NASDAQ:AEVA) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 40,010 shares of the company’s stock, valued at approximately $531,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Duquesne Family Office LLC bought a new stake in shares of Aeva Technologies during the 3rd quarter valued at $26,670,000. Millennium Management LLC purchased a new position in Aeva Technologies during the 3rd quarter valued at about $25,751,000. Delta Global Management LP purchased a new position in Aeva Technologies during the 3rd quarter valued at about $18,139,000. Handelsbanken Fonder AB grew its holdings in Aeva Technologies by 158.3% during the 4th quarter. Handelsbanken Fonder AB now owns 1,445,409 shares of the company’s stock valued at $19,202,000 after buying an additional 885,774 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Aeva Technologies by 1,223.8% during the 2nd quarter. Invesco Ltd. now owns 614,411 shares of the company’s stock valued at $23,219,000 after buying an additional 567,998 shares in the last quarter. Institutional investors own 62.92% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on AEVA. Weiss Ratings raised Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Wall Street Zen lowered Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.50.

Aeva Technologies Stock Performance

Shares of AEVA opened at $24.40 on Friday. The company has a market cap of $1.54 billion, a PE ratio of -4.89 and a beta of 2.41. The company has a current ratio of 4.09, a quick ratio of 3.89 and a debt-to-equity ratio of 7.32. The stock has a 50-day moving average price of $17.82 and a 200-day moving average price of $15.49. Aeva Technologies, Inc. has a 12-month low of $8.83 and a 12-month high of $38.80.

Insider Activity

In other news, CEO Soroush Salehian Dardashti sold 41,083 shares of Aeva Technologies stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $15.04, for a total transaction of $617,888.32. Following the completion of the sale, the chief executive officer owned 1,725,329 shares in the company, valued at approximately $25,948,948.16. This trade represents a 2.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Mina Rezk sold 27,389 shares of Aeva Technologies stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $15.04, for a total value of $411,930.56. Following the sale, the chief technology officer owned 1,442,371 shares of the company’s stock, valued at approximately $21,693,259.84. This trade represents a 1.86% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 74,115 shares of company stock worth $1,114,690. 36.70% of the stock is currently owned by insiders.

About Aeva Technologies

Aeva Technologies, Inc is a technology company specializing in the development and commercialization of advanced sensing and perception solutions based on frequency-modulated continuous wave (FMCW) LiDAR. Headquartered in Mountain View, California, Aeva’s core products include solid-state LiDAR sensors and perception software designed to provide high-resolution, long-range 4D data for automotive, industrial and robotic applications. The company’s FMCW approach enables simultaneous measurement of both object velocity and distance, distinguishing Aeva’s systems from traditional time-of-flight LiDAR solutions.

Founded in 2016 by Soroush Salehian and Mina Rezk, Aeva began as Aeon Imaging before adopting its current name in 2019.