Aeva Technologies, Inc. (NYSE:AEVA) Major Shareholder Acquires $7,232,370.69 in Stock

Aeva Technologies, Inc. (NYSE:AEVA) major shareholder Sylebra Capital Llc acquired 1,068,297 shares of the stock in a transaction on Monday, March 31st. The shares were acquired at an average price of $6.77 per share, with a total value of $7,232,370.69. Following the transaction, the insider now directly owns 16,228,553 shares of the company’s stock, valued at $109,867,303.81. The trade was a 7.05 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more 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 Friday, March 28th, Sylebra Capital Llc bought 1,333,188 shares of Aeva Technologies stock. The shares were acquired at an average price of $6.70 per share, for a total transaction of $8,932,359.60.
• On Wednesday, March 26th, Sylebra Capital Llc purchased 821,610 shares of Aeva Technologies stock. The stock was bought at an average price of $5.48 per share, with a total value of $4,502,422.80.
• On Monday, March 24th, Sylebra Capital Llc acquired 990,411 shares of Aeva Technologies stock. The shares were bought at an average price of $4.36 per share, for a total transaction of $4,318,191.96.

Aeva Technologies Stock Performance

Shares of AEVA stock opened at $7.00 on Tuesday. The stock has a 50 day moving average price of $4.01 and a 200 day moving average price of $4.02. Aeva Technologies, Inc. has a 52-week low of $2.20 and a 52-week high of $7.07. The firm has a market capitalization of $383.00 million, a P/E ratio of -2.27 and a beta of 1.41.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AEVA shares. Morgan Stanley boosted their target price on Aeva Technologies from $4.87 to $5.22 and gave the company an “equal weight” rating in a research report on Friday, March 21st. Oppenheimer boosted their price objective 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Aeva Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $5.81.

Institutional Trading of Aeva Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. PFG Investments LLC purchased a new position in Aeva Technologies in the 4th quarter worth about $48,000. Intech Investment Management LLC bought a new position in Aeva Technologies in the 4th quarter worth about $52,000. Squarepoint Ops LLC purchased a new position in shares of Aeva Technologies during the fourth quarter worth approximately $54,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Aeva Technologies during the fourth quarter worth approximately $63,000. Finally, Advisory Services Network LLC bought a new stake in shares of Aeva Technologies during the fourth quarter valued at approximately $78,000. 62.92% of the stock is currently owned by institutional investors.

About Aeva Technologies

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.