Barclays PLC Has $164,000 Holdings in Innoviz Technologies Ltd. (NASDAQ:INVZ)

Barclays PLC lessened its position in Innoviz Technologies Ltd. (NASDAQ:INVZ - Free Report) by 65.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 198,392 shares of the company's stock after selling 371,500 shares during the quarter. Barclays PLC owned about 0.15% of Innoviz Technologies worth $164,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INVZ. Ground Swell Capital LLC acquired a new stake in shares of Innoviz Technologies in the second quarter worth $26,000. Choreo LLC bought a new stake in Innoviz Technologies in the 2nd quarter valued at $185,000. SkyView Investment Advisors LLC acquired a new stake in Innoviz Technologies during the second quarter worth about $371,000. Interval Partners LP raised its holdings in Innoviz Technologies by 19.6% in the 2nd quarter. Interval Partners LP now owns 2,715,837 shares of the company's stock valued at $2,519,000 after acquiring an additional 444,823 shares in the last quarter. Finally, Polar Asset Management Partners Inc. lifted its position in shares of Innoviz Technologies by 29.6% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 3,219,400 shares of the company's stock worth $2,665,000 after acquiring 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

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

Innoviz Technologies Stock Performance

Shares of NASDAQ INVZ traded down $0.32 during midday trading on Wednesday, reaching $1.88. 18,858,623 shares of the company traded hands, compared to its average volume of 26,513,896. Innoviz Technologies Ltd. has a 12 month low of $0.45 and a 12 month high of $3.14. The stock's 50-day simple moving average is $0.97 and its 200-day simple moving average is $0.84. The firm has a market cap of $256.03 million, a PE ratio of -2.94 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.