Aeva Technologies, Inc. (NYSE:AEVA) Major Shareholder Sylebra Capital Llc Purchases 990,411 Shares

Aeva Technologies, Inc. (NYSE:AEVA) major shareholder Sylebra Capital Llc bought 990,411 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were purchased at an average cost of $4.36 per share, with a total value of $4,318,191.96. Following the acquisition, the insider now directly owns 11,369,715 shares of the company’s stock, valued at approximately $49,571,957.40. This represents a 9.54 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more 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 Wednesday, March 26th, Sylebra Capital Llc bought 821,610 shares of Aeva Technologies stock. The stock was purchased at an average price 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 on Wednesday, reaching $5.80. 2,732,184 shares of the company traded hands, compared to its average volume of 371,259. The firm has a market capitalization of $312.52 million, a PE ratio of -1.88 and a beta of 1.41. The company has a 50 day moving average of $3.87 and a 200 day moving average of $3.92. Aeva Technologies, Inc. has a 52 week low of $2.20 and a 52 week high of $5.80.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. PFG Investments LLC bought a new stake in Aeva Technologies during the fourth quarter valued at $48,000. Intech Investment Management LLC purchased a new position in shares of Aeva Technologies in the 4th quarter worth about $52,000. Squarepoint Ops LLC purchased a new position in shares of Aeva Technologies during the fourth quarter worth approximately $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 bought a new stake in shares of Aeva Technologies in the 4th quarter valued at about $78,000. Institutional investors own 62.92% of the company’s stock.

Analyst Ratings Changes

AEVA has been the topic of a number of research analyst reports. 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 note on Friday, March 21st. Oppenheimer raised their price objective on Aeva Technologies from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.