Deutsche Bank AG Buys 37,665 Shares of Aeva Technologies, Inc. (NASDAQ:AEVA)

Deutsche Bank AG grew its stake in Aeva Technologies, Inc. (NASDAQ:AEVA) by 510.8% in the 4th quarter, Holdings Channel reports. The firm owned 45,039 shares of the company’s stock after purchasing an additional 37,665 shares during the period. Deutsche Bank AG’s holdings in Aeva Technologies were worth $214,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AEVA. Rhumbline Advisers raised its holdings in Aeva Technologies by 13.2% in the 4th quarter. Rhumbline Advisers now owns 53,617 shares of the company’s stock worth $255,000 after purchasing an additional 6,238 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Aeva Technologies in the 4th quarter worth about $88,000. Charles Schwab Investment Management Inc. grew its position 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 buying an additional 30,924 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Aeva Technologies in the 4th quarter worth about $52,000. Finally, American Century Companies Inc. grew its position in shares of Aeva Technologies by 34.9% in the 4th quarter. American Century Companies Inc. now owns 25,689 shares of the company’s stock worth $122,000 after buying an additional 6,640 shares during the period. 62.92% of the stock is currently owned by institutional investors.

Aeva Technologies Stock Performance

Shares of AEVA stock opened at $17.32 on Tuesday. Aeva Technologies, Inc. has a one year low of $2.20 and a one year high of $18.74. The company’s 50-day moving average is $10.12 and its 200 day moving average is $6.22. The company has a market capitalization of $953.00 million, a price-to-earnings ratio of -5.61 and a beta of 1.07.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Roth Capital upped their target price on shares of Aeva Technologies from $6.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. Canaccord Genuity Group upped their target price on shares of Aeva Technologies from $9.50 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. Oppenheimer upped their target price on shares of Aeva Technologies from $9.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, May 15th. Finally, Morgan Stanley upped their target price on shares of Aeva Technologies from $5.22 to $11.00 and gave the stock an “equal weight” rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Aeva Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $12.33.

Insider Activity at Aeva Technologies

In other news, major shareholder Sylebra Capital Llc acquired 990,411 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were bought at an average cost of $4.36 per share, with a total value of $4,318,191.96. Following the transaction, the insider now owns 11,369,715 shares of the company’s stock, valued at $49,571,957.40. This trade represents a 9.54% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Mina Rezk sold 7,300 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $7.50, for a total transaction of $54,750.00. Following the sale, the chief technology officer now directly owns 8,689,369 shares in the company, valued at approximately $65,170,267.50. The trade was a 0.08% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 4,213,506 shares of company stock valued at $24,985,345 and have sold 1,137,228 shares valued at $11,745,419. 27.20% of the stock is currently owned by insiders.

Aeva Technologies 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.