Sylebra Capital Llc Buys 990,411 Shares of Aeva Technologies, Inc. (NYSE:AEVA) Stock

Aeva Technologies, Inc. (NYSE:AEVA) major shareholder Sylebra Capital Llc purchased 990,411 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were purchased at an average price of $4.36 per share, with a total value of $4,318,191.96. Following the completion of the acquisition, the insider now directly owns 11,369,715 shares in the company, valued at $49,571,957.40. The trade was a 9.54 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 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 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.

Aeva Technologies Price Performance

Shares of NYSE AEVA opened at $6.38 on Friday. Aeva Technologies, Inc. has a 1 year low of $2.20 and a 1 year high of $6.45. The stock has a market capitalization of $343.77 million, a P/E ratio of -2.06 and a beta of 1.41. The company’s 50-day moving average is $3.91 and its 200 day moving average is $3.94.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AEVA shares. 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 note on Friday, March 21st. Oppenheimer boosted their target price on Aeva Technologies from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Thursday, March 20th. Two equities 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 has a consensus rating of “Moderate Buy” and an average price target of $5.81.

Institutional Trading of Aeva Technologies

Several large investors have recently bought and sold shares of the company. Rhumbline Advisers raised its position in shares of Aeva Technologies by 13.2% in the 4th quarter. Rhumbline Advisers now owns 53,617 shares of the company’s stock worth $255,000 after acquiring an additional 6,238 shares in the last quarter. Barclays PLC raised its holdings in Aeva Technologies by 276.4% in the third quarter. Barclays PLC now owns 29,910 shares of the company’s stock worth $98,000 after purchasing an additional 21,964 shares in the last quarter. Charles Schwab Investment Management Inc. lifted 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 buying an additional 8,007 shares during the period. Geode Capital Management LLC boosted its holdings 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 valued at $2,013,000 after buying an additional 76,044 shares in the last quarter. Finally, State Street Corp grew its position 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 worth $1,488,000 after buying an additional 23,593 shares during the period. 62.92% of the stock is 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.