Insider Buying: Aeva Technologies, Inc. (NYSE:AEVA) Major Shareholder Purchases 990,411 Shares of Stock

Aeva Technologies, Inc. (NYSE:AEVA) major shareholder Sylebra Capital Llc purchased 990,411 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were purchased at an average price of $4.36 per share, for a total transaction of $4,318,191.96. Following the completion of the transaction, the insider now directly owns 11,369,715 shares of the company’s stock, valued at $49,571,957.40. This represents a 9.54 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 Wednesday, March 26th, Sylebra Capital Llc purchased 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.

Aeva Technologies Price Performance

Shares of Aeva Technologies stock traded up $0.61 during trading on Wednesday, hitting $5.80. The stock had a trading volume of 2,732,184 shares, compared to its average volume of 371,259. The firm’s fifty day simple moving average is $3.87 and its 200-day simple moving average is $3.92. Aeva Technologies, Inc. has a 12 month low of $2.20 and a 12 month high of $5.80. The stock has a market cap of $312.52 million, a PE ratio of -1.88 and a beta of 1.41.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Morgan Stanley increased their price objective 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. Oppenheimer lifted their price target on shares of Aeva Technologies from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Thursday, March 20th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $5.81.

Hedge Funds Weigh In On Aeva Technologies

Institutional investors have recently made changes to their positions in the company. Parkwood LLC raised its holdings in Aeva Technologies by 415.7% in the fourth quarter. Parkwood LLC now owns 1,426,627 shares of the company’s stock worth $6,776,000 after purchasing an additional 1,150,000 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Aeva Technologies by 2,490.3% during the fourth 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. LPL Financial LLC purchased a new stake in shares of Aeva Technologies in the 4th quarter valued at $451,000. Geode Capital Management LLC grew its position in Aeva Technologies by 14.2% during the 3rd quarter. Geode Capital Management LLC now owns 611,873 shares of the company’s stock worth $2,013,000 after purchasing an additional 76,044 shares during the period. Finally, Two Sigma Investments LP grew its stake in shares of Aeva Technologies by 308.6% during the 4th quarter. Two Sigma Investments LP now owns 74,288 shares of the company’s stock worth $353,000 after purchasing an additional 56,107 shares during the period. Hedge funds and other institutional investors own 62.92% of the company’s stock.

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.