Adage Capital Partners GP L.L.C. Decreases Stock Holdings in Aeva Technologies, Inc. (NYSE:AEVA)

Adage Capital Partners GP L.L.C. cut its holdings in Aeva Technologies, Inc. (NYSE:AEVA) by 20.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,035,162 shares of the company’s stock after selling 781,590 shares during the quarter. Adage Capital Partners GP L.L.C. owned 5.63% of Aeva Technologies worth $14,417,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. LPL Financial LLC bought a new position in shares of Aeva Technologies during the 4th quarter valued at approximately $451,000. Geode Capital Management LLC raised its stake in shares of Aeva Technologies by 14.2% in the third quarter. Geode Capital Management LLC now owns 611,873 shares of the company’s stock valued at $2,013,000 after acquiring an additional 76,044 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Aeva Technologies by 14.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 242,376 shares of the company’s stock worth $1,151,000 after acquiring an additional 30,924 shares during the last quarter. State Street Corp boosted its stake in shares of Aeva Technologies by 5.5% during the 3rd quarter. State Street Corp now owns 452,309 shares of the company’s stock worth $1,488,000 after purchasing an additional 23,593 shares during the period. Finally, Barclays PLC grew its holdings in Aeva Technologies by 276.4% during the 3rd quarter. Barclays PLC now owns 29,910 shares of the company’s stock valued at $98,000 after purchasing an additional 21,964 shares during the last quarter. Institutional investors own 62.92% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Sylebra Capital Llc bought 1,333,188 shares of the company’s stock in a transaction on Friday, March 28th. The shares were acquired at an average price of $6.70 per share, with a total value of $8,932,359.60. Following the transaction, the insider now owns 15,160,256 shares of the company’s stock, valued at $101,573,715.20. The trade was a 9.64 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen Paul Zadesky sold 14,851 shares of Aeva Technologies stock in a transaction on Friday, February 28th. The shares were sold at an average price of $3.50, for a total value of $51,978.50. Following the completion of the transaction, the director now owns 83,764 shares in the company, valued at $293,174. This represents a 15.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders acquired 4,213,506 shares of company stock valued at $24,985,345 and sold 527,079 shares valued at $3,000,979. 29.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on AEVA. Canaccord Genuity Group assumed coverage on Aeva Technologies in a research report on Tuesday, April 1st. They set a “buy” rating and a $9.50 target price for the company. Oppenheimer boosted their price objective on Aeva Technologies from $6.00 to $9.00 and gave the company an “outperform” rating in a report on Monday, April 21st. Finally, Morgan Stanley increased their target price on Aeva Technologies from $4.87 to $5.22 and gave the stock an “equal weight” rating in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Aeva Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $7.14.

Aeva Technologies Trading Down 2.3 %

AEVA opened at $7.32 on Monday. The company has a market capitalization of $400.51 million, a price-to-earnings ratio of -2.37 and a beta of 1.03. Aeva Technologies, Inc. has a 12-month low of $2.20 and a 12-month high of $8.12. The business’s fifty day simple moving average is $5.19 and its 200-day simple moving average is $4.57.

Aeva Technologies Company Profile

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.