Sylebra Capital Llc Buys 990,411 Shares of Aeva Technologies, Inc. (NYSE:AEVA) Stock

Aeva Technologies, Inc. (NYSE:AEVA) major shareholder Sylebra Capital Llc purchased 990,411 shares of Aeva Technologies stock in a transaction dated Monday, March 24th. The shares were purchased at an average price of $4.36 per share, with a total value of $4,318,191.96. Following the completion of the transaction, the insider now directly owns 11,369,715 shares in the company, valued at approximately $49,571,957.40. This represents a 9.54 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Sylebra Capital Llc also recently made the following trade(s):

• On Wednesday, March 26th, Sylebra Capital Llc acquired 821,610 shares of Aeva Technologies stock. The shares were acquired at an average cost of $5.48 per share, with a total value of $4,502,422.80.

Aeva Technologies Stock Up 10.0 %

Shares of AEVA stock opened at $6.38 on Friday. The firm has a market cap of $343.77 million, a P/E ratio of -2.06 and a beta of 1.41. The business has a 50-day moving average price of $3.91 and a two-hundred day moving average price of $3.94. Aeva Technologies, Inc. has a 12-month low of $2.20 and a 12-month high of $6.45.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AEVA. Morgan Stanley raised their price target on Aeva Technologies from $4.87 to $5.22 and gave the company an “equal weight” rating in a report on Friday, March 21st. Oppenheimer raised their target price on shares of Aeva Technologies from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Aeva Technologies has an average rating of “Moderate Buy” and an average target price of $5.81.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Parkwood LLC raised its stake in shares of Aeva Technologies by 415.7% during the fourth quarter. Parkwood LLC now owns 1,426,627 shares of the company’s stock worth $6,776,000 after acquiring an additional 1,150,000 shares in the last quarter. Jane Street Group LLC raised its position in Aeva Technologies by 2,490.3% in the 4th quarter. Jane Street Group LLC now owns 648,942 shares of the company’s stock worth $3,082,000 after purchasing an additional 623,889 shares during the period. Geode Capital Management LLC lifted its stake in Aeva Technologies by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 621,191 shares of the company’s stock worth $2,951,000 after purchasing an additional 9,318 shares during the last quarter. State Street Corp boosted its position in Aeva Technologies by 5.5% during the third quarter. State Street Corp now owns 452,309 shares of the company’s stock valued at $1,488,000 after buying an additional 23,593 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Aeva Technologies by 14.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 242,376 shares of the company’s stock valued at $1,151,000 after buying an additional 30,924 shares during the last quarter. 62.92% of the stock is currently owned by institutional investors.

About Aeva Technologies

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.