Sylebra Capital Llc Buys 821,610 Shares of Aeva Technologies, Inc. (NYSE:AEVA) Stock

Aeva Technologies, Inc. (NYSE:AEVA) major shareholder Sylebra Capital Llc purchased 821,610 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were purchased at an average price of $5.48 per share, for a total transaction of $4,502,422.80. Following the transaction, the insider now owns 12,669,326 shares of the company’s stock, valued at $69,427,906.48. This trade represents a 6.93 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s stock 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 shares were acquired at an average price of $4.36 per share, for a total transaction of $4,318,191.96.

Aeva Technologies Price Performance

Shares of AEVA stock traded up $0.61 during trading hours on Wednesday, hitting $5.80. The company had a trading volume of 2,732,184 shares, compared to its average volume of 371,259. The stock has a market capitalization of $312.52 million, a PE ratio of -1.88 and a beta of 1.41. The company’s fifty day moving average is $3.87 and its 200 day moving average is $3.92. Aeva Technologies, Inc. has a fifty-two week low of $2.20 and a fifty-two week high of $5.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC lifted its holdings in Aeva Technologies by 16.3% during the 4th quarter. Barclays PLC now owns 34,800 shares of the company’s stock worth $166,000 after buying an additional 4,890 shares in the last quarter. Rhumbline Advisers increased its position in shares of Aeva Technologies by 13.2% during the fourth quarter. Rhumbline Advisers now owns 53,617 shares of the company’s stock worth $255,000 after acquiring an additional 6,238 shares during the period. American Century Companies Inc. raised its stake in shares of Aeva Technologies by 34.9% in the fourth quarter. American Century Companies Inc. now owns 25,689 shares of the company’s stock valued at $122,000 after acquiring an additional 6,640 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Aeva Technologies by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 211,452 shares of the company’s stock valued at $696,000 after purchasing an additional 8,007 shares during the period. Finally, Geode Capital Management LLC grew its stake in Aeva Technologies by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 621,191 shares of the company’s stock worth $2,951,000 after purchasing an additional 9,318 shares in the last quarter. Hedge funds and other institutional investors own 62.92% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on AEVA. 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 report on Friday, March 21st. Oppenheimer raised their price target on shares of Aeva Technologies from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Aeva Technologies has an average rating of “Moderate Buy” and an average target price of $5.81.

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.