Delta Global Management LP Has $21.56 Million Stock Holdings in Aeva Technologies, Inc. $AEVA

Delta Global Management LP increased its holdings in shares of Aeva Technologies, Inc. (NASDAQ:AEVA) by 29.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,623,148 shares of the company’s stock after buying an additional 372,159 shares during the period. Aeva Technologies comprises approximately 1.0% of Delta Global Management LP’s portfolio, making the stock its 22nd largest position. Delta Global Management LP owned 2.70% of Aeva Technologies worth $21,555,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Wall Street Zen lowered shares of Aeva Technologies from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $26.50.

Aeva Technologies Stock Performance

NASDAQ:AEVA opened at $26.87 on Tuesday. The company has a fifty day moving average of $19.28 and a 200-day moving average of $16.17. The firm has a market capitalization of $1.69 billion, a P/E ratio of -5.38 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.

Insider Activity

In other news, CTO Mina Rezk sold 27,389 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 value of $411,930.56. Following the completion of the sale, the chief technology officer owned 1,442,371 shares in the company, valued at $21,693,259.84. The trade was a 1.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Soroush Salehian Dardashti sold 41,083 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 $617,888.32. Following the completion of the sale, the chief executive officer owned 1,725,329 shares of the company’s stock, valued at $25,948,948.16. This represents a 2.33% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 74,115 shares of company stock worth $1,114,690 in the last quarter. 36.70% of the stock is owned by corporate insiders.

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.