Aeva Technologies, Inc. (NYSE:AEVA) Major Shareholder Purchases $8,932,359.60 in Stock

Aeva Technologies, Inc. (NYSE:AEVA) major shareholder Sylebra Capital Llc acquired 1,333,188 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The shares were acquired at an average cost 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 document filed with the SEC, which is available through the SEC website. Large 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 price of $6.77 per share, with a total value of $7,232,370.69.
• On Wednesday, March 26th, Sylebra Capital Llc acquired 821,610 shares of Aeva Technologies stock. The shares were bought 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 bought 990,411 shares of Aeva Technologies stock. The stock was bought at an average cost of $4.36 per share, with a total value of $4,318,191.96.

Aeva Technologies Price Performance

Shares of AEVA opened at $7.17 on Thursday. The firm has a 50-day simple moving average of $4.12 and a two-hundred day simple moving average of $4.07. Aeva Technologies, Inc. has a 1-year low of $2.20 and a 1-year high of $7.53. The stock has a market cap of $392.30 million, a PE ratio of -2.32 and a beta of 1.41.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AEVA. Canaccord Genuity Group began coverage on shares of Aeva Technologies in a report on Tuesday. They issued a “buy” rating and a $9.50 price objective for the company. Morgan Stanley increased their price target 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. Finally, Oppenheimer lifted 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Aeva Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $6.54.

Institutional Trading of Aeva Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parkwood LLC grew its stake in shares of Aeva Technologies by 415.7% in the fourth quarter. Parkwood LLC now owns 1,426,627 shares of the company’s stock valued at $6,776,000 after buying an additional 1,150,000 shares in the last quarter. Jane Street Group LLC grew its position in Aeva Technologies by 2,490.3% in the 4th quarter. Jane Street Group LLC now owns 648,942 shares of the company’s stock valued at $3,082,000 after acquiring an additional 623,889 shares in the last quarter. LPL Financial LLC purchased a new stake in Aeva Technologies during the fourth quarter worth about $451,000. Geode Capital Management LLC lifted its position in shares of 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 in the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of Aeva Technologies by 308.6% in the fourth quarter. Two Sigma Investments LP now owns 74,288 shares of the company’s stock valued at $353,000 after purchasing an additional 56,107 shares during the period. Hedge funds and other institutional investors own 62.92% of the company’s stock.

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.