Aeva Technologies, Inc. (NYSE:AEVA) Major Shareholder Sylebra Capital Llc Acquires 821,610 Shares of Stock

Aeva Technologies, Inc. (NYSE:AEVA) major shareholder Sylebra Capital Llc purchased 821,610 shares of the business’s stock in a transaction dated 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 purchase, the insider now directly owns 12,669,326 shares of the company’s stock, valued at $69,427,906.48. This trade represents a 6.93 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% 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 acquired 990,411 shares of Aeva Technologies stock. The shares were purchased at an average cost of $4.36 per share, with a total value of $4,318,191.96.

Aeva Technologies Price Performance

Shares of NYSE:AEVA opened at $5.80 on Thursday. The firm’s 50 day simple moving average is $3.87 and its 200 day simple moving average is $3.92. Aeva Technologies, Inc. has a fifty-two week low of $2.20 and a fifty-two week high of $5.81. The company has a market capitalization of $312.52 million, a price-to-earnings ratio of -1.88 and a beta of 1.41.

Institutional Investors Weigh In On Aeva Technologies

Several hedge funds have recently bought and sold shares of the company. Barclays PLC grew its holdings in shares of Aeva Technologies by 16.3% in the 4th quarter. Barclays PLC now owns 34,800 shares of the company’s stock valued at $166,000 after buying an additional 4,890 shares during the period. Rhumbline Advisers lifted its holdings in Aeva Technologies by 13.2% during the fourth quarter. Rhumbline Advisers now owns 53,617 shares of the company’s stock worth $255,000 after acquiring an additional 6,238 shares in the last quarter. American Century Companies Inc. grew its stake in Aeva Technologies by 34.9% in the fourth quarter. American Century Companies Inc. now owns 25,689 shares of the company’s stock valued at $122,000 after acquiring an additional 6,640 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Aeva Technologies by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 211,452 shares of the company’s stock worth $696,000 after acquiring an additional 8,007 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Aeva Technologies by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 621,191 shares of the company’s stock worth $2,951,000 after purchasing an additional 9,318 shares during the period. 62.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AEVA. Oppenheimer lifted their price target on shares of Aeva Technologies from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Thursday, March 20th. Morgan Stanley lifted their target price on shares of Aeva Technologies from $4.87 to $5.22 and gave the stock an “equal weight” rating in a report on Friday, March 21st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5.81.

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.