Aeva Technologies, Inc. (NYSE:AEVA) Major Shareholder Sylebra Capital Llc Acquires 1,333,188 Shares of Stock

Aeva Technologies, Inc. (NYSE:AEVA) major shareholder Sylebra Capital Llc bought 1,333,188 shares of Aeva Technologies stock in a transaction on Friday, March 28th. The shares were purchased at an average cost of $6.70 per share, with a total value of $8,932,359.60. Following the acquisition, the insider now directly owns 15,160,256 shares of the company’s stock, valued at approximately $101,573,715.20. The trade was a 9.64 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more 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 Monday, March 31st, Sylebra Capital Llc purchased 1,068,297 shares of Aeva Technologies stock. The shares were purchased at an average price of $6.77 per share, with a total value of $7,232,370.69.
• On Wednesday, March 26th, Sylebra Capital Llc acquired 821,610 shares of Aeva Technologies stock. The stock was purchased at an average price of $5.48 per share, for a total transaction of $4,502,422.80.
• On Monday, March 24th, Sylebra Capital Llc bought 990,411 shares of Aeva Technologies stock. The stock was acquired at an average price of $4.36 per share, with a total value of $4,318,191.96.

Aeva Technologies Price Performance

Shares of AEVA stock opened at $7.00 on Tuesday. Aeva Technologies, Inc. has a 1-year low of $2.20 and a 1-year high of $7.07. The firm has a market cap of $383.00 million, a PE ratio of -2.27 and a beta of 1.41. The company has a 50-day moving average of $4.01 and a two-hundred day moving average of $4.02.

Wall Street Analyst Weigh In

A number of research firms have commented on AEVA. 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 report on Friday, March 21st. Oppenheimer lifted 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 assigned a buy rating to the company’s 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.

Hedge Funds Weigh In On Aeva Technologies

Hedge funds have recently made changes to their positions in the stock. PFG Investments LLC acquired a new position in Aeva Technologies during the fourth quarter worth $48,000. Intech Investment Management LLC acquired a new stake in shares of Aeva Technologies in the fourth quarter valued at $52,000. Squarepoint Ops LLC purchased a new stake in shares of Aeva Technologies in the 4th quarter valued at $54,000. Susquehanna Fundamental Investments LLC acquired a new position in Aeva Technologies during the 4th quarter worth about $63,000. Finally, Advisory Services Network LLC purchased a new position in Aeva Technologies during the 4th quarter valued at about $78,000. 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.