CenterBook Partners LP Purchases 305,792 Shares of Aeva Technologies, Inc. $AEVA

CenterBook Partners LP boosted its position in shares of Aeva Technologies, Inc. (NASDAQ:AEVA) by 174.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 481,383 shares of the company’s stock after purchasing an additional 305,792 shares during the period. CenterBook Partners LP’s holdings in Aeva Technologies were worth $6,759,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brooklands Fund Management Ltd purchased a new position in Aeva Technologies in the third quarter valued at about $23,158,000. Bank of New York Mellon Corp purchased a new stake in shares of Aeva Technologies during the 2nd quarter worth about $2,382,000. Titan Global Capital Management USA LLC raised its stake in shares of Aeva Technologies by 95.1% during the 1st quarter. Titan Global Capital Management USA LLC now owns 159,743 shares of the company’s stock worth $2,102,000 after purchasing an additional 77,856 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Aeva Technologies by 27.7% during the 1st quarter. Bank of America Corp DE now owns 110,005 shares of the company’s stock valued at $1,448,000 after buying an additional 23,856 shares during the last quarter. Finally, Siren L.L.C. acquired a new stake in shares of Aeva Technologies during the 1st quarter valued at about $1,448,000. Hedge funds and other institutional investors own 62.92% of the company’s stock.

Aeva Technologies Stock Up 19.7%

NASDAQ AEVA traded up $1.81 during trading on Friday, hitting $11.00. 3,094,172 shares of the company traded hands, compared to its average volume of 1,709,326. Aeva Technologies, Inc. has a 12 month low of $8.26 and a 12 month high of $31.30. The business has a fifty day simple moving average of $13.03 and a 200 day simple moving average of $16.69. The company has a market capitalization of $693.44 million, a P/E ratio of -4.00 and a beta of 2.56. The company has a current ratio of 7.85, a quick ratio of 7.63 and a debt-to-equity ratio of 3.52.

Insider Activity

In related news, CTO Mina Rezk sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $24.01, for a total value of $2,401,000.00. Following the transaction, the chief technology officer directly owned 1,606,669 shares of the company’s stock, valued at approximately $38,576,122.69. This trade represents a 5.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Saurabh Sinha sold 70,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $21.21, for a total value of $1,484,700.00. Following the completion of the sale, the chief financial officer owned 581,372 shares of the company’s stock, valued at approximately $12,330,900.12. This trade represents a 10.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 579,680 shares of company stock valued at $12,353,149. Insiders own 36.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AEVA shares. Wall Street Zen cut Aeva Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, September 4th. Oppenheimer reiterated an “outperform” rating and issued a $42.00 target price on shares of Aeva Technologies in a research note on Thursday, August 6th. Morgan Stanley boosted their target price on shares of Aeva Technologies from $18.50 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Finally, The Goldman Sachs Group started coverage on shares of Aeva Technologies in a research note on Monday, August 24th. They set a “neutral” rating and a $20.00 price target on the stock. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Aeva Technologies presently has a consensus rating of “Hold” and an average price target of $28.75.

Aeva Technologies Company Profile

Aeva Technologies, Inc develops sensing and perception systems designed to help machines understand their surroundings. The company’s core technology is a 4D lidar platform that uses frequency-modulated continuous-wave (FMCW) sensing to measure an object’s location, depth, and velocity, supporting applications that require real-time environmental awareness.

Its products include lidar sensors and related perception software for the automotive, industrial, robotics, mapping, and other machine-perception markets.