Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lowered its position in Innoviz Technologies Ltd. (NASDAQ:INVZ – Get Rating) by 21.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 707,691 shares of the company’s stock after selling 189,035 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned 0.52% of Innoviz Technologies worth $2,725,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Innoviz Technologies in the 4th quarter worth approximately $124,000. MQS Management LLC acquired a new position in shares of Innoviz Technologies in the 3rd quarter worth approximately $147,000. Balyasny Asset Management LLC acquired a new position in shares of Innoviz Technologies in the 3rd quarter worth approximately $311,000. Neuberger Berman Group LLC lifted its position in shares of Innoviz Technologies by 5.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,979,407 shares of the company’s stock worth $15,461,000 after purchasing an additional 149,740 shares during the period. Finally, Two Sigma Advisers LP lifted its position in shares of Innoviz Technologies by 77.3% in the 3rd quarter. Two Sigma Advisers LP now owns 347,400 shares of the company’s stock worth $1,810,000 after purchasing an additional 151,500 shares during the period. Institutional investors and hedge funds own 51.74% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on INVZ. The Goldman Sachs Group lowered their price objective on shares of Innoviz Technologies from $7.00 to $4.50 and set a “buy” rating for the company in a research note on Wednesday, April 12th. Rosenblatt Securities reiterated a “neutral” rating and issued a $5.00 price objective on shares of Innoviz Technologies in a research note on Thursday, April 6th.
Innoviz Technologies Stock Up 7.8 %
Innoviz Technologies Profile
Innoviz Technologies Ltd. designs and manufactures solid-state LiDAR sensors and develops perception software that enables the mass production of autonomous vehicles. The company manufactures InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxi, shuttle, trucking, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy.
Further Reading
- Get a free copy of the StockNews.com research report on Innoviz Technologies (INVZ)
- It’s Time To Check Into Booking.Com
- Shopify Delivers Growth And Efficiency; Shares Surge
- Advanced Micro Devices Bullish Reversal Is Still In Play
- Broadcom Shares Trade In Tight Range Ahead Of Q2 Earnings Report
- An Opportunity To Buy Starbucks Is Knocking On The Door
Want to see what other hedge funds are holding INVZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Innoviz Technologies Ltd. (NASDAQ:INVZ – Get Rating).
Receive News & Ratings for Innoviz Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innoviz Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
