Aeva Technologies, Inc. (NYSE:AEVA - Get Free Report) major shareholder Sylebra Capital Llc acquired 1,068,297 shares of the business's stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average cost 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. This trade represents a 7.05 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was purchased at an average price 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 shares were purchased 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 acquired 990,411 shares of Aeva Technologies stock. The shares were purchased at an average price of $4.36 per share, with a total value of $4,318,191.96.
Aeva Technologies Stock Performance
Shares of AEVA traded down $0.74 during trading hours on Friday, reaching $6.57. The stock had a trading volume of 1,072,712 shares, compared to its average volume of 424,766. The stock has a market capitalization of $359.47 million, a PE ratio of -2.13 and a beta of 1.41. Aeva Technologies, Inc. has a 12 month low of $2.20 and a 12 month high of $7.53. The company's 50-day moving average is $4.22 and its two-hundred day moving average is $4.12.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. Canaccord Genuity Group started coverage on Aeva Technologies in a report on Tuesday. They issued a "buy" rating and a $9.50 target price on the stock. Morgan Stanley raised their price objective on 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 boosted their target price 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 given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $6.54.
Get Our Latest Analysis on AEVA
Hedge Funds Weigh In On Aeva Technologies
Several large investors have recently bought and sold shares of the company. Rhumbline Advisers increased its stake in shares of Aeva Technologies by 13.2% in the fourth quarter. Rhumbline Advisers now owns 53,617 shares of the company's stock valued at $255,000 after buying an additional 6,238 shares during the period. Barclays PLC increased its position in Aeva Technologies by 276.4% in the 3rd quarter. Barclays PLC now owns 29,910 shares of the company's stock valued at $98,000 after acquiring an additional 21,964 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Aeva Technologies by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 211,452 shares of the company's stock valued at $696,000 after acquiring an additional 8,007 shares during the last quarter. Geode Capital Management LLC lifted its holdings 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 during the period. Finally, State Street Corp grew its stake in shares of Aeva Technologies by 5.5% in the third quarter. State Street Corp now owns 452,309 shares of the company's stock worth $1,488,000 after purchasing an additional 23,593 shares during the last quarter. 62.92% of the stock is currently owned by institutional investors.
About Aeva Technologies
(
Get Free Report)
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.
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