Aeva Technologies, Inc. (NYSE:AEVA) Major Shareholder Acquires $4,502,422.80 in Stock

Aeva Technologies, Inc. (NYSE:AEVA) major shareholder Sylebra Capital Llc acquired 821,610 shares of the company’s stock in a transaction on Wednesday, March 26th. The shares were purchased at an average cost of $5.48 per share, for a total transaction of $4,502,422.80. Following the acquisition, the insider now owns 12,669,326 shares of the company’s stock, valued at approximately $69,427,906.48. The trade was a 6.93 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, March 24th, Sylebra Capital Llc bought 990,411 shares of Aeva Technologies stock. The stock was purchased at an average cost of $4.36 per share, with a total value of $4,318,191.96.

Aeva Technologies Trading Up 5.2 %

Shares of AEVA stock opened at $6.71 on Friday. The company has a market capitalization of $361.55 million, a P/E ratio of -2.17 and a beta of 1.41. The business’s 50 day moving average is $3.96 and its two-hundred day moving average is $3.97. Aeva Technologies, Inc. has a twelve month low of $2.20 and a twelve month high of $7.07.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Aeva Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of AEVA. Rhumbline Advisers raised its stake in shares of Aeva Technologies by 13.2% during the 4th quarter. Rhumbline Advisers now owns 53,617 shares of the company’s stock worth $255,000 after buying an additional 6,238 shares in the last quarter. Barclays PLC grew its stake in shares of Aeva Technologies by 276.4% during the 3rd quarter. Barclays PLC now owns 29,910 shares of the company’s stock worth $98,000 after purchasing an additional 21,964 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Aeva Technologies by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 211,452 shares of the company’s stock valued at $696,000 after purchasing an additional 8,007 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Aeva Technologies by 14.2% in the 3rd quarter. Geode Capital Management LLC now owns 611,873 shares of the company’s stock valued at $2,013,000 after purchasing an additional 76,044 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Aeva Technologies by 5.5% in the third quarter. State Street Corp now owns 452,309 shares of the company’s stock valued at $1,488,000 after purchasing an additional 23,593 shares during the period. 62.92% of the stock is currently owned by hedge funds and other 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.