Insider Buying: Aeva Technologies, Inc. (NYSE:AEVA) Major Shareholder Acquires 990,411 Shares of Stock

Aeva Technologies, Inc. (NYSE:AEVA - Get Free Report) major shareholder Sylebra Capital Llc bought 990,411 shares of the stock in a transaction on Monday, March 24th. The stock was acquired at an average price of $4.36 per share, with a total value of $4,318,191.96. Following the completion of the acquisition, the insider now owns 11,369,715 shares of the company's stock, valued at $49,571,957.40. This represents a 9.54 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% 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 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, with a total value of $4,502,422.80.

Aeva Technologies Stock Performance

NYSE:AEVA traded up $0.33 during trading hours on Friday, reaching $6.71. The stock had a trading volume of 3,941,686 shares, compared to its average volume of 399,501. The stock has a market cap of $361.55 million, a P/E ratio of -2.17 and a beta of 1.41. The stock has a 50 day simple moving average of $3.96 and a 200 day simple moving average of $3.98. Aeva Technologies, Inc. has a 12-month low of $2.20 and a 12-month high of $7.07.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Morgan Stanley raised their target price 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. Oppenheimer boosted their price objective on Aeva Technologies from $5.00 to $6.00 and gave the company an "outperform" rating in a report on Thursday, March 20th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $5.81.

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Institutional Investors Weigh In On Aeva Technologies

Several large investors have recently added to or reduced their stakes in AEVA. Parkwood LLC boosted its position in Aeva Technologies by 415.7% during the fourth quarter. Parkwood LLC now owns 1,426,627 shares of the company's stock worth $6,776,000 after purchasing an additional 1,150,000 shares during the period. Jane Street Group LLC lifted its stake in shares of Aeva Technologies by 2,490.3% during the 4th quarter. Jane Street Group LLC now owns 648,942 shares of the company's stock valued at $3,082,000 after buying an additional 623,889 shares in the last quarter. LPL Financial LLC purchased a new position in Aeva Technologies in the 4th quarter valued at approximately $451,000. Geode Capital Management LLC raised its holdings in Aeva Technologies by 14.2% during the 3rd quarter. Geode Capital Management LLC now owns 611,873 shares of the company's stock valued at $2,013,000 after acquiring an additional 76,044 shares during the period. Finally, Two Sigma Investments LP lifted its position in shares of Aeva Technologies by 308.6% during the fourth quarter. Two Sigma Investments LP now owns 74,288 shares of the company's stock worth $353,000 after acquiring an additional 56,107 shares in the last quarter. Hedge funds and other 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.