Aeva Technologies, Inc. (NYSE:AEVA) Major Shareholder Buys $4,502,422.80 in 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 completion of the purchase, the insider now directly owns 12,669,326 shares of the company’s stock, valued at approximately $69,427,906.48. This represents a 6.93 % increase in their position. The purchase was disclosed in a document filed 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 24th, Sylebra Capital Llc acquired 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 Stock Performance

Aeva Technologies stock opened at $6.38 on Friday. The firm has a market cap of $343.77 million, a price-to-earnings ratio of -2.06 and a beta of 1.41. Aeva Technologies, Inc. has a 52-week low of $2.20 and a 52-week high of $6.45. The firm has a 50 day moving average price of $3.91 and a two-hundred day moving average price of $3.94.

Institutional Investors Weigh In On Aeva Technologies

Several large investors have recently modified their holdings of AEVA. Charles Schwab Investment Management Inc. boosted its position in Aeva Technologies by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 211,452 shares of the company’s stock valued at $696,000 after acquiring an additional 8,007 shares during the last quarter. State Street Corp lifted its stake in shares of Aeva Technologies by 5.5% in the 3rd quarter. State Street Corp now owns 452,309 shares of the company’s stock valued at $1,488,000 after purchasing an additional 23,593 shares during the period. Barclays PLC boosted its position in shares of 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 purchasing an additional 21,964 shares in the last quarter. Geode Capital Management LLC grew its stake in Aeva Technologies by 14.2% during the third quarter. Geode Capital Management LLC now owns 611,873 shares of the company’s stock worth $2,013,000 after purchasing an additional 76,044 shares during the period. Finally, PFG Investments LLC bought a new stake in Aeva Technologies in the fourth quarter worth approximately $48,000. 62.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on AEVA. Oppenheimer upped their price target on shares of Aeva Technologies from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Thursday, March 20th. Morgan Stanley raised their target price on Aeva Technologies from $4.87 to $5.22 and gave the stock an “equal weight” rating in a research report on Friday, March 21st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.