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

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

Aeva Technologies Stock Performance

AEVA traded up $0.29 during mid-day trading on Monday, reaching $7.00. The stock had a trading volume of 2,776,804 shares, compared to its average volume of 408,978. Aeva Technologies, Inc. has a 52 week low of $2.20 and a 52 week high of $7.07. The stock has a market capitalization of $383.00 million, a P/E ratio of -2.27 and a beta of 1.41. The firm’s fifty day simple moving average is $4.01 and its two-hundred day simple moving average is $4.02.

Analysts Set New Price Targets

AEVA has been the subject of several recent research reports. Oppenheimer increased 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 boosted their price target 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. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $5.81.

Institutional Investors Weigh In On Aeva Technologies

Several large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in shares of 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 purchasing an additional 8,007 shares during the period. State Street Corp raised its holdings in 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 buying an additional 23,593 shares during the last quarter. Barclays PLC boosted its holdings in Aeva Technologies by 276.4% in the third quarter. Barclays PLC now owns 29,910 shares of the company’s stock valued at $98,000 after acquiring an additional 21,964 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Aeva Technologies by 14.2% in the 3rd quarter. Geode Capital Management LLC now owns 611,873 shares of the company’s stock valued at $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 4th quarter valued at about $48,000. 62.92% of the stock is currently owned by institutional investors.

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.