Melqart Asset Management UK Ltd Has $7.27 Million Holdings in Aeva Technologies, Inc. $AEVA

Melqart Asset Management UK Ltd grew its position in shares of Aeva Technologies, Inc. (NASDAQ:AEVA) by 45.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 547,436 shares of the company’s stock after purchasing an additional 170,096 shares during the quarter. Melqart Asset Management UK Ltd’s holdings in Aeva Technologies were worth $7,270,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of Aeva Technologies in the 2nd quarter valued at $36,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Aeva Technologies during the fourth quarter worth $33,000. Daiwa Securities Group Inc. bought a new position in Aeva Technologies during the second quarter worth $100,000. Caitong International Asset Management Co. Ltd acquired a new position in Aeva Technologies in the fourth quarter valued at $49,000. Finally, Tower Research Capital LLC TRC boosted its position in Aeva Technologies by 127.9% during the second quarter. Tower Research Capital LLC TRC now owns 4,311 shares of the company’s stock valued at $163,000 after acquiring an additional 2,419 shares during the last quarter. Institutional investors and hedge funds own 62.92% of the company’s stock.

Insider Buying and Selling

In other Aeva Technologies news, CEO Soroush Salehian Dardashti sold 41,083 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $15.04, for a total value of $617,888.32. Following the completion of the sale, the chief executive officer directly owned 1,725,329 shares in the company, valued at approximately $25,948,948.16. This trade represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Saurabh Sinha sold 5,643 shares of Aeva Technologies stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $15.04, for a total transaction of $84,870.72. Following the completion of the sale, the chief financial officer directly owned 590,034 shares of the company’s stock, valued at approximately $8,874,111.36. This trade represents a 0.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 74,115 shares of company stock valued at $1,114,690 over the last ninety days. 36.70% of the stock is owned by corporate insiders.

Aeva Technologies Stock Performance

NASDAQ:AEVA opened at $23.93 on Wednesday. The company has a fifty day moving average of $19.49 and a 200-day moving average of $16.27. The firm has a market capitalization of $1.51 billion, a P/E ratio of -4.80 and a beta of 2.41. The company has a quick ratio of 3.89, a current ratio of 4.09 and a debt-to-equity ratio of 7.32. Aeva Technologies, Inc. has a twelve month low of $8.83 and a twelve month high of $38.80.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wall Street Zen downgraded Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings upgraded Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Two 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $25.33.

Aeva Technologies 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.