Insider Buying: Aeva Technologies, Inc. (NYSE:AEVA) Major Shareholder Acquires 821,610 Shares of Stock

Aeva Technologies, Inc. (NYSE:AEVA) major shareholder Sylebra Capital Llc bought 821,610 shares of Aeva Technologies stock in a transaction that occurred on Wednesday, March 26th. The stock was bought at an average cost of $5.48 per share, with a total value of $4,502,422.80. Following the completion of the purchase, the insider now owns 12,669,326 shares in the company, valued at approximately $69,427,906.48. This trade represents a 6.93 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

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

Aeva Technologies Stock Performance

Aeva Technologies stock opened at $5.80 on Thursday. The stock has a 50-day simple moving average of $3.87 and a 200 day simple moving average of $3.92. Aeva Technologies, Inc. has a 52 week low of $2.20 and a 52 week high of $5.81. The stock has a market capitalization of $312.52 million, a P/E ratio of -1.88 and a beta of 1.41.

Institutional Investors Weigh In On Aeva Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in Aeva Technologies by 3.9% during the third 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 in the last quarter. State Street Corp lifted its stake in Aeva Technologies by 5.5% during 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 during the last quarter. Barclays PLC raised its holdings 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 buying an additional 21,964 shares in the last quarter. Geode Capital Management LLC raised its stake in Aeva Technologies by 14.2% during the third quarter. Geode Capital Management LLC now owns 611,873 shares of the company’s stock worth $2,013,000 after acquiring an additional 76,044 shares in the last quarter. Finally, PFG Investments LLC acquired a new stake in Aeva Technologies in the fourth quarter valued at approximately $48,000. Institutional investors and hedge funds own 62.92% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.