66,146 Shares in Aeva Technologies, Inc. $AEVA Acquired by Titan Global Capital Management USA LLC

Titan Global Capital Management USA LLC bought a new position in Aeva Technologies, Inc. (NASDAQ:AEVA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 66,146 shares of the company’s stock, valued at approximately $2,500,000. Titan Global Capital Management USA LLC owned about 0.12% of Aeva Technologies at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in Aeva Technologies by 92.2% in the 2nd 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 grew 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 buying an additional 5,469 shares during the last quarter. AlphaQuest LLC bought a new position in Aeva Technologies in the 2nd quarter worth $51,000. Nisa Investment Advisors LLC lifted its position in Aeva Technologies by 356.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,122 shares of the company’s stock worth $80,000 after acquiring an additional 1,657 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 worth $96,000 after acquiring an additional 630 shares during the last quarter. Institutional investors and hedge funds own 62.92% of the company’s stock.

Insider Activity

In related news, CTO Mina Rezk sold 250,000 shares of the business’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $13.48, for a total value of $3,370,000.00. Following the sale, the chief technology officer owned 3,236,669 shares of the company’s stock, valued at $43,630,298.12. The trade was a 7.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Saurabh Sinha sold 160,000 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $13.33, for a total value of $2,132,800.00. Following the completion of the sale, the chief financial officer owned 810,710 shares in the company, valued at $10,806,764.30. This trade represents a 16.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 718,282 shares of company stock valued at $9,675,632 over the last quarter. 27.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AEVA has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Aeva Technologies in a report on Wednesday, October 8th. Wall Street Zen cut shares of Aeva Technologies from a “hold” rating to a “sell” rating in a research note on Saturday. Oppenheimer lifted their price target 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. Finally, Morgan Stanley increased 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. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $24.50.

Aeva Technologies Stock Up 0.9%

NASDAQ AEVA opened at $13.06 on Friday. Aeva Technologies, Inc. has a 12-month low of $2.52 and a 12-month high of $38.80. The firm has a 50-day moving average price of $15.94 and a two-hundred day moving average price of $18.08. The company has a market capitalization of $735.67 million, a P/E ratio of -2.45 and a beta of 2.04.

Aeva Technologies (NASDAQ:AEVA) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.46) EPS for the quarter. The company had revenue of $3.58 million during the quarter. Aeva Technologies had a negative net margin of 1,031.15% and a negative return on equity of 753.07%. Equities analysts expect that Aeva Technologies, Inc. will post -2.7 EPS for the current year.

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.