Aeva Technologies, Inc. (NYSE:AEVA) Major Shareholder Acquires $7,232,370.69 in Stock

Aeva Technologies, Inc. (NYSE:AEVA) major shareholder Sylebra Capital Llc bought 1,068,297 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was acquired at an average price of $6.77 per share, for a total transaction of $7,232,370.69. Following the acquisition, the insider now directly owns 16,228,553 shares in the company, valued at $109,867,303.81. The trade was a 7.05 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, March 28th, Sylebra Capital Llc purchased 1,333,188 shares of Aeva Technologies stock. The shares were bought at an average price of $6.70 per share, with a total value of $8,932,359.60.
• On Wednesday, March 26th, Sylebra Capital Llc acquired 821,610 shares of Aeva Technologies stock. The stock was bought at an average cost of $5.48 per share, with a total value of $4,502,422.80.
• On Monday, March 24th, Sylebra Capital Llc bought 990,411 shares of Aeva Technologies stock. The shares were bought at an average cost of $4.36 per share, for a total transaction of $4,318,191.96.

Aeva Technologies Stock Up 4.3 %

Aeva Technologies stock traded up $0.29 during mid-day trading on Monday, reaching $7.00. 2,776,804 shares of the company’s stock were exchanged, compared to its average volume of 408,978. The business’s fifty day simple moving average is $4.01 and its 200 day simple moving average is $4.02. Aeva Technologies, Inc. has a one year low of $2.20 and a one year high of $7.07. The firm has a market capitalization of $383.00 million, a PE ratio of -2.27 and a beta of 1.41.

Wall Street Analyst Weigh In

AEVA has been the topic of several recent analyst reports. Oppenheimer raised their price objective on Aeva Technologies from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Thursday, March 20th. Morgan Stanley raised their price target on shares of Aeva Technologies from $4.87 to $5.22 and gave the company an “equal weight” rating in a research report on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.81.

Institutional Investors Weigh In On Aeva Technologies

Several large investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted 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 worth $696,000 after buying an additional 8,007 shares during the last quarter. State Street Corp increased 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 worth $1,488,000 after purchasing an additional 23,593 shares in the last quarter. Barclays PLC increased its stake in shares of Aeva Technologies by 276.4% in the third quarter. Barclays PLC now owns 29,910 shares of the company’s stock worth $98,000 after purchasing an additional 21,964 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Aeva Technologies by 14.2% in the third 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 during the period. Finally, PFG Investments LLC purchased a new stake in shares of Aeva Technologies during the 4th quarter valued at approximately $48,000. 62.92% of the stock is 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.