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

Aeva Technologies, Inc. (NYSE:AEVA) major shareholder Sylebra Capital Llc bought 1,333,188 shares of the company’s stock in a transaction on Friday, March 28th. The shares were acquired at an average price of $6.70 per share, with a total value of $8,932,359.60. Following the transaction, the insider now directly owns 15,160,256 shares in the company, valued at approximately $101,573,715.20. The trade was a 9.64 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 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 acquired 1,068,297 shares of Aeva Technologies stock. The shares were 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 stock was bought 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 stock was bought at an average cost of $4.36 per share, with a total value of $4,318,191.96.

Aeva Technologies Stock Up 3.7 %

Shares of AEVA stock opened at $7.26 on Wednesday. Aeva Technologies, Inc. has a 12-month low of $2.20 and a 12-month high of $7.53. The firm has a fifty day moving average of $4.07 and a 200-day moving average of $4.05. The company has a market capitalization of $397.22 million, a price-to-earnings ratio of -2.35 and a beta of 1.41.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AEVA shares. Morgan Stanley boosted their price objective on shares of Aeva Technologies from $4.87 to $5.22 and gave the company an “equal weight” rating in a report on Friday, March 21st. 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 target for the company. Finally, Oppenheimer raised their price objective on Aeva Technologies from $5.00 to $6.00 and gave the stock an “outperform” rating in a research note on Thursday, March 20th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.54.

Hedge Funds Weigh In On Aeva Technologies

A number of large investors have recently added to or reduced their stakes in AEVA. PFG Investments LLC bought a new stake in shares of Aeva Technologies in the fourth quarter valued at about $48,000. Intech Investment Management LLC bought a new stake in Aeva Technologies in the 4th quarter valued at approximately $52,000. Squarepoint Ops LLC acquired a new position in Aeva Technologies during the 4th quarter worth approximately $54,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Aeva Technologies during the 4th quarter worth approximately $63,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Aeva Technologies in the fourth quarter valued at approximately $78,000. 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.