Aeva Technologies, Inc. (NYSE:AEVA) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in Aeva Technologies, Inc. (NYSE:AEVA) by 14.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 242,376 shares of the company’s stock after purchasing an additional 30,924 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Aeva Technologies were worth $1,151,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in Aeva Technologies by 5.5% in the 3rd quarter. State Street Corp now owns 452,309 shares of the company’s stock valued at $1,488,000 after buying an additional 23,593 shares during the period. Barclays PLC increased its stake in shares of Aeva Technologies by 276.4% during the third quarter. Barclays PLC now owns 29,910 shares of the company’s stock worth $98,000 after acquiring an additional 21,964 shares during the period. Geode Capital Management LLC raised its holdings in Aeva Technologies by 14.2% during the third quarter. Geode Capital Management LLC now owns 611,873 shares of the company’s stock worth $2,013,000 after purchasing an additional 76,044 shares in the last quarter. PFG Investments LLC acquired a new stake in Aeva Technologies in the fourth quarter valued at about $48,000. Finally, Rhumbline Advisers boosted its holdings in Aeva Technologies by 13.2% in the 4th quarter. Rhumbline Advisers now owns 53,617 shares of the company’s stock valued at $255,000 after purchasing an additional 6,238 shares in the last quarter. 62.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AEVA shares. Morgan Stanley increased their target price on Aeva Technologies from $4.87 to $5.22 and gave the stock an “equal weight” rating in a research note on Friday, March 21st. Oppenheimer increased their price objective on Aeva Technologies from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Thursday, March 20th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $5.81.

Insider Activity at Aeva Technologies

In other news, CTO Mina Rezk sold 70,000 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $2.79, for a total transaction of $195,300.00. Following the transaction, the chief technology officer now directly owns 8,696,669 shares of the company’s stock, valued at approximately $24,263,706.51. The trade was a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Soroush Salehian Dardashti sold 200,000 shares of the company’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $5.36, for a total transaction of $1,072,000.00. Following the completion of the transaction, the chief executive officer now owns 3,764,808 shares of the company’s stock, valued at $20,179,370.88. This trade represents a 5.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 284,851 shares of company stock valued at $1,319,279. Company insiders own 29.10% of the company’s stock.

Aeva Technologies Price Performance

Shares of NYSE:AEVA opened at $6.71 on Monday. The firm has a market capitalization of $367.13 million, a price-to-earnings ratio of -2.17 and a beta of 1.41. The business’s 50 day simple moving average is $3.96 and its 200-day simple moving average is $3.99. Aeva Technologies, Inc. has a 12 month low of $2.20 and a 12 month high of $7.07.

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.