Aeva Technologies, Inc. (NYSE:AEVA) Major Shareholder Sylebra Capital Llc Acquires 821,610 Shares

Aeva Technologies, Inc. (NYSE:AEVA) major shareholder Sylebra Capital Llc acquired 821,610 shares of Aeva Technologies stock in a transaction that occurred on Wednesday, March 26th. The shares were purchased at an average cost of $5.48 per share, with a total value of $4,502,422.80. Following the completion of the acquisition, the insider now owns 12,669,326 shares of the company’s stock, valued at $69,427,906.48. The trade was a 6.93 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Sylebra Capital Llc also recently made the following trade(s):

• On Monday, March 24th, Sylebra Capital Llc purchased 990,411 shares of Aeva Technologies stock. The stock was purchased at an average price of $4.36 per share, with a total value of $4,318,191.96.

Aeva Technologies Trading Up 5.2 %

Aeva Technologies stock opened at $6.71 on Friday. The stock has a 50-day moving average price of $3.96 and a 200 day moving average price of $3.97. Aeva Technologies, Inc. has a 52 week low of $2.20 and a 52 week high of $7.07. The stock has a market cap of $361.55 million, a PE ratio of -2.17 and a beta of 1.41.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AEVA shares. 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 research note on Friday, March 21st. Oppenheimer increased 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. Two research 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 currently has an average rating of “Moderate Buy” and an average target price of $5.81.

Institutional Investors Weigh In On Aeva Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 buying 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 acquiring an additional 23,593 shares during the last quarter. Barclays PLC raised its holdings in Aeva Technologies by 276.4% in the 3rd 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% during the 3rd 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 acquired a new stake in shares of Aeva Technologies during the fourth quarter worth $48,000. 62.92% of the stock is currently owned by hedge funds and other 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.