UBS Group AG Acquires 172,476 Shares of Aeva Technologies, Inc. $AEVA

UBS Group AG increased its holdings in shares of Aeva Technologies, Inc. (NASDAQ:AEVA) by 85.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 374,955 shares of the company’s stock after purchasing an additional 172,476 shares during the period. UBS Group AG owned approximately 0.62% of Aeva Technologies worth $4,979,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AEVA. AQR Capital Management LLC lifted its holdings in shares of Aeva Technologies by 29.2% during the 1st quarter. AQR Capital Management LLC now owns 20,849 shares of the company’s stock valued at $146,000 after purchasing an additional 4,707 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 purchasing an additional 630 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Aeva Technologies by 27,345.0% in the 1st quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock valued at $38,000 after acquiring an additional 5,469 shares in the last quarter. Prudential Financial Inc. bought a new stake in Aeva Technologies in the 2nd quarter valued at approximately $446,000. Finally, Russell Investments Group Ltd. bought a new stake in Aeva Technologies in the 2nd quarter valued at approximately $1,239,000. Institutional investors own 62.92% of the company’s stock.

Insider Transactions at Aeva Technologies

In other news, CFO Saurabh Sinha sold 5,643 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $15.04, for a total transaction of $84,870.72. Following the sale, the chief financial officer owned 590,034 shares in the company, valued at $8,874,111.36. This represents a 0.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was 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 in the company, valued at approximately $21,693,259.84. This represents a 1.86% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 106,194 shares of company stock worth $1,561,871 in the last 90 days. Corporate insiders own 36.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AEVA shares. Weiss Ratings upgraded Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Wall Street Zen cut Aeva Technologies from a “hold” rating to a “sell” rating in a research note 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $26.50.

Aeva Technologies Trading Up 1.8%

Shares of Aeva Technologies stock opened at $21.49 on Friday. Aeva Technologies, Inc. has a 12-month low of $8.83 and a 12-month high of $38.80. The stock has a market cap of $1.35 billion, a P/E ratio of -4.31 and a beta of 2.20. The company has a quick ratio of 3.89, a current ratio of 4.09 and a debt-to-equity ratio of 7.32. The business’s 50 day moving average is $15.54 and its 200-day moving average is $14.50.

Aeva Technologies Company Profile

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.