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

Aeva Technologies, Inc. (NYSE:AEVA) major shareholder Sylebra Capital Llc purchased 1,068,297 shares of the business’s 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 purchase, the insider now owns 16,228,553 shares of the company’s stock, valued at approximately $109,867,303.81. This trade represents a 7.05 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more 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 Friday, March 28th, Sylebra Capital Llc bought 1,333,188 shares of Aeva Technologies stock. The stock was bought at an average cost of $6.70 per share, with a total value 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 cost of $5.48 per share, for a total transaction 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, with a total value of $4,318,191.96.

Aeva Technologies Price Performance

Shares of Aeva Technologies stock opened at $7.17 on Thursday. The firm has a 50 day simple moving average of $4.12 and a 200 day simple moving average of $4.07. Aeva Technologies, Inc. has a fifty-two week low of $2.20 and a fifty-two week high of $7.53. The firm has a market cap of $392.30 million, a P/E ratio of -2.32 and a beta of 1.41.

Institutional Investors Weigh In On Aeva Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC bought a new position in Aeva Technologies in the fourth quarter valued at about $54,000. Two Sigma Advisers LP lifted its position in Aeva Technologies by 307.9% during the 4th quarter. Two Sigma Advisers LP now owns 48,700 shares of the company’s stock valued at $231,000 after purchasing an additional 36,760 shares during the period. Two Sigma Investments LP boosted its stake in shares of Aeva Technologies by 308.6% in the 4th 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 last quarter. Parkwood LLC grew its position in shares of Aeva Technologies by 415.7% during the 4th quarter. Parkwood LLC now owns 1,426,627 shares of the company’s stock worth $6,776,000 after buying an additional 1,150,000 shares during the period. Finally, Millennium Management LLC bought a new stake in shares of Aeva Technologies during the fourth quarter worth approximately $174,000. 62.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Canaccord Genuity Group initiated coverage on shares of Aeva Technologies in a research report on Tuesday. They set a “buy” rating and a $9.50 target price for the company. Oppenheimer lifted their target price 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. Finally, Morgan Stanley increased their price target on Aeva Technologies from $4.87 to $5.22 and gave the stock an “equal weight” rating in a research report on Friday, March 21st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Aeva Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $6.54.

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.