Harel Insurance Investments & Financial Services Ltd. Has $7.37 Million Stock Position in Innoviz Technologies Ltd. (NASDAQ:INVZ)

Harel Insurance Investments & Financial Services Ltd. decreased its holdings in shares of Innoviz Technologies Ltd. (NASDAQ:INVZ - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,388,959 shares of the company's stock after selling 306,600 shares during the period. Harel Insurance Investments & Financial Services Ltd. owned approximately 3.22% of Innoviz Technologies worth $7,373,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Traynor Capital Management Inc. acquired a new stake in Innoviz Technologies during the fourth quarter valued at approximately $25,000. FNY Investment Advisers LLC acquired a new stake in shares of Innoviz Technologies during the 4th quarter valued at $25,000. Koshinski Asset Management Inc. bought a new stake in shares of Innoviz Technologies during the 4th quarter worth $169,000. SkyView Investment Advisors LLC acquired a new position in shares of Innoviz Technologies in the 2nd quarter worth $371,000. Finally, Polar Asset Management Partners Inc. raised its position in shares of Innoviz Technologies by 29.6% during the third quarter. Polar Asset Management Partners Inc. now owns 3,219,400 shares of the company's stock worth $2,665,000 after purchasing an additional 735,300 shares during the period. Institutional investors and hedge funds own 63.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on INVZ shares. The Goldman Sachs Group decreased their price target on Innoviz Technologies from $1.00 to $0.75 and set a "neutral" rating for the company in a research report on Thursday, November 14th. Rosenblatt Securities upgraded shares of Innoviz Technologies from a "neutral" rating to a "buy" rating and boosted their price target for the company from $3.25 to $4.00 in a report on Friday, December 20th. Westpark Capital began coverage on shares of Innoviz Technologies in a research note on Wednesday, November 27th. They issued a "buy" rating and a $1.30 price objective for the company. Finally, Cantor Fitzgerald lowered Innoviz Technologies from an "overweight" rating to a "neutral" rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Innoviz Technologies has an average rating of "Moderate Buy" and an average target price of $3.01.

Innoviz Technologies Trading Up 2.2 %

INVZ stock traded up $0.04 during midday trading on Friday, reaching $1.83. The company had a trading volume of 7,734,557 shares, compared to its average volume of 12,863,030. The company has a 50 day moving average of $1.26 and a two-hundred day moving average of $0.92. Innoviz Technologies Ltd. has a 1 year low of $0.45 and a 1 year high of $3.14. The company has a market capitalization of $249.21 million, a P/E ratio of -2.86 and a beta of 0.73.

Innoviz Technologies Company Profile

Innoviz Technologies Ltd. manufactures and sells automotive grade LiDAR sensors and perception software to enable safe autonomous driving at a mass scale. The company offers InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxis, shuttles, trucks, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy.