Fox Run Management L.L.C. Invests $520,000 in Aeva Technologies, Inc. $AEVA

Fox Run Management L.L.C. acquired a new stake in shares of Aeva Technologies, Inc. (NASDAQ:AEVA) during the second quarter, HoldingsChannel reports. The fund acquired 13,770 shares of the company’s stock, valued at approximately $520,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of AEVA. GAMMA Investing LLC boosted its position in Aeva Technologies by 92.2% in the second quarter. GAMMA Investing LLC now owns 865 shares of the company’s stock worth $33,000 after purchasing an additional 415 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Aeva Technologies by 27,345.0% in the first quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock worth $38,000 after purchasing an additional 5,469 shares during the period. AlphaQuest LLC purchased a new stake in Aeva Technologies in the 2nd quarter worth $51,000. Nisa Investment Advisors LLC grew its position in shares of Aeva Technologies by 356.3% during the second quarter. Nisa Investment Advisors LLC now owns 2,122 shares of the company’s stock worth $80,000 after purchasing an additional 1,657 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Aeva Technologies by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,722 shares of the company’s stock valued at $96,000 after buying an additional 630 shares in the last quarter. 62.92% of the stock is currently owned by hedge funds and other institutional investors.

Aeva Technologies Stock Down 16.8%

AEVA opened at $11.31 on Wednesday. The business has a fifty day moving average of $15.87 and a 200 day moving average of $18.31. The stock has a market cap of $679.50 million, a P/E ratio of -2.13 and a beta of 2.04. Aeva Technologies, Inc. has a 52-week low of $2.52 and a 52-week high of $38.80.

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

Wall Street Analyst Weigh In

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

Insider Activity at Aeva Technologies

In related news, CFO Saurabh Sinha sold 5,454 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $13.64, for a total value of $74,392.56. Following the completion of the sale, the chief financial officer owned 768,598 shares in the company, valued at approximately $10,483,676.72. The trade was a 0.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Soroush Salehian Dardashti sold 250,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 1,884,808 shares in the company, valued at approximately $25,350,667.60. This trade represents a 11.71% decrease in their position. 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 corporate insiders.

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.