Sylebra Capital Llc Buys 1,068,297 Shares of Aeva Technologies, Inc. (NYSE:AEVA) Stock

Aeva Technologies, Inc. (NYSE:AEVA) major shareholder Sylebra Capital Llc purchased 1,068,297 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average cost of $6.77 per share, with a total value of $7,232,370.69. Following the completion of the purchase, the insider now owns 16,228,553 shares of the company’s stock, valued at $109,867,303.81. The trade was a 7.05 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% 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 Friday, March 28th, Sylebra Capital Llc bought 1,333,188 shares of Aeva Technologies stock. The shares were purchased at an average price of $6.70 per share, with a total value 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 price of $5.48 per share, for a total transaction of $4,502,422.80.
• On Monday, March 24th, Sylebra Capital Llc acquired 990,411 shares of Aeva Technologies stock. The stock was acquired at an average cost of $4.36 per share, with a total value of $4,318,191.96.

Aeva Technologies Stock Performance

AEVA opened at $7.26 on Wednesday. The stock’s 50 day moving average price is $4.07 and its 200-day moving average price is $4.05. Aeva Technologies, Inc. has a one year low of $2.20 and a one year high of $7.53. The stock has a market cap of $397.22 million, a price-to-earnings ratio of -2.35 and a beta of 1.41.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AEVA. Canaccord Genuity Group initiated coverage on shares of Aeva Technologies in a report on Tuesday. They issued a “buy” rating and a $9.50 price target for the company. Morgan Stanley raised their price objective on Aeva Technologies from $4.87 to $5.22 and gave the company an “equal weight” rating in a research note on Friday, March 21st. Finally, Oppenheimer boosted their target price on Aeva Technologies from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Thursday, March 20th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $6.54.

Hedge Funds Weigh In On Aeva Technologies

Several hedge funds have recently bought and sold shares of AEVA. Rhumbline Advisers lifted its position in shares of 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 purchasing an additional 6,238 shares during the last quarter. Barclays PLC lifted its holdings in Aeva Technologies by 276.4% during the 3rd quarter. Barclays PLC now owns 29,910 shares of the company’s stock valued at $98,000 after buying an additional 21,964 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Aeva Technologies by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 211,452 shares of the company’s stock valued at $696,000 after buying an additional 8,007 shares during the period. Geode Capital Management LLC grew its stake in Aeva Technologies by 14.2% in the 3rd 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, State Street Corp grew its stake in Aeva Technologies by 5.5% in the 3rd quarter. State Street Corp now owns 452,309 shares of the company’s stock worth $1,488,000 after acquiring an additional 23,593 shares in the last quarter. 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.