Harel Insurance Investments & Financial Services Ltd. Lowers Stock Holdings in Innoviz Technologies Ltd. (NASDAQ:INVZ)

Harel Insurance Investments & Financial Services Ltd. reduced its position in shares of Innoviz Technologies Ltd. (NASDAQ:INVZ) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,388,959 shares of the company’s stock after selling 306,600 shares during the quarter. Harel Insurance Investments & Financial Services Ltd. owned about 3.22% of Innoviz Technologies worth $7,373,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of INVZ. Traynor Capital Management Inc. purchased a new position in Innoviz Technologies during the fourth quarter valued at approximately $25,000. Koshinski Asset Management Inc. purchased a new stake in shares of Innoviz Technologies during the 4th quarter worth $169,000. FNY Investment Advisers LLC purchased a new position in Innoviz Technologies in the fourth quarter valued at about $25,000. Polar Asset Management Partners Inc. lifted 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 valued at $2,665,000 after buying an additional 735,300 shares during the last quarter. Finally, SkyView Investment Advisors LLC purchased a new stake in Innoviz Technologies during the second quarter valued at approximately $371,000. 63.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

INVZ has been the topic of several analyst reports. The Goldman Sachs Group cut their price target on shares of Innoviz Technologies from $1.00 to $0.75 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Westpark Capital began coverage on Innoviz Technologies in a research report on Wednesday, November 27th. They set a “buy” rating and a $1.30 target price on the stock. Rosenblatt Securities raised Innoviz Technologies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $3.25 to $4.00 in a report on Friday, December 20th. Finally, Cantor Fitzgerald cut shares of Innoviz Technologies from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. 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 Price Performance

NASDAQ:INVZ opened at $1.83 on Friday. The company’s fifty day moving average price is $1.26 and its 200-day moving average price is $0.92. Innoviz Technologies Ltd. has a 1-year low of $0.45 and a 1-year high of $3.14. The firm has a market capitalization of $249.21 million, a P/E ratio of -2.86 and a beta of 0.73.

Innoviz Technologies 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.