Aeva Technologies, Inc. (NYSE:AEVA) Major Shareholder Sylebra Capital Llc Purchases 1,068,297 Shares

Aeva Technologies, Inc. (NYSE:AEVA) major shareholder Sylebra Capital Llc acquired 1,068,297 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average price of $6.77 per share, with a total value of $7,232,370.69. Following the completion of the acquisition, the insider now directly owns 16,228,553 shares of the company’s stock, valued at $109,867,303.81. This represents a 7.05 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more 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 Friday, March 28th, Sylebra Capital Llc bought 1,333,188 shares of Aeva Technologies stock. The shares were acquired at an average cost of $6.70 per share, for a total transaction of $8,932,359.60.
• On Wednesday, March 26th, Sylebra Capital Llc purchased 821,610 shares of Aeva Technologies stock. The stock was acquired 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 acquired 990,411 shares of Aeva Technologies stock. The shares were acquired at an average cost of $4.36 per share, for a total transaction of $4,318,191.96.

Aeva Technologies Price Performance

Shares of NYSE:AEVA opened at $7.26 on Wednesday. The business’s 50-day moving average is $4.07 and its 200 day moving average is $4.05. Aeva Technologies, Inc. has a 1 year low of $2.20 and a 1 year high of $7.53. The firm has a market capitalization of $397.22 million, a P/E ratio of -2.35 and a beta of 1.41.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AEVA shares. Oppenheimer lifted their price target on Aeva Technologies from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Thursday, March 20th. Canaccord Genuity Group started coverage on Aeva Technologies in a research note on Tuesday. They issued a “buy” rating and a $9.50 target price on the stock. Finally, Morgan Stanley increased 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Aeva Technologies has an average rating of “Moderate Buy” and an average price target of $6.54.

Hedge Funds Weigh In On Aeva Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. PFG Investments LLC acquired a new position in Aeva Technologies during the 4th quarter valued at approximately $48,000. Intech Investment Management LLC purchased a new stake in shares of Aeva Technologies during the fourth quarter valued at $52,000. Squarepoint Ops LLC acquired a new position in shares of Aeva Technologies in the 4th quarter valued at $54,000. Susquehanna Fundamental Investments LLC purchased a new position in Aeva Technologies in the 4th quarter worth $63,000. Finally, Advisory Services Network LLC acquired a new stake in Aeva Technologies during the 4th quarter worth about $78,000. 62.92% of the stock is owned by hedge funds and other institutional investors.

Aeva Technologies Company Profile

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.