Aeva Technologies, Inc. (NYSE:AEVA) Major Shareholder Sylebra Capital Llc Purchases 1,333,188 Shares

Aeva Technologies, Inc. (NYSE:AEVA - Get Free Report) major shareholder Sylebra Capital Llc purchased 1,333,188 shares of the stock in a transaction on Friday, March 28th. The stock was bought at an average price of $6.70 per share, for a total transaction of $8,932,359.60. Following the completion of the transaction, the insider now directly owns 15,160,256 shares of the company's stock, valued at approximately $101,573,715.20. This trade represents a 9.64 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% 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 31st, Sylebra Capital Llc purchased 1,068,297 shares of Aeva Technologies stock. The shares were purchased at an average cost of $6.77 per share, with a total value of $7,232,370.69.
• On Wednesday, March 26th, Sylebra Capital Llc purchased 821,610 shares of Aeva Technologies stock. The stock was 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 cost of $4.36 per share, with a total value of $4,318,191.96.

Aeva Technologies Price Performance

Shares of NYSE AEVA traded down $0.74 during midday trading on Friday, hitting $6.57. The stock had a trading volume of 1,072,712 shares, compared to its average volume of 424,766. The company's 50-day simple moving average is $4.22 and its 200 day simple moving average is $4.12. The firm has a market cap of $359.47 million, a P/E ratio of -2.13 and a beta of 1.41. Aeva Technologies, Inc. has a fifty-two week low of $2.20 and a fifty-two week high of $7.53.

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Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Barclays PLC increased its stake in shares of Aeva Technologies by 16.3% in the 4th quarter. Barclays PLC now owns 34,800 shares of the company's stock valued at $166,000 after acquiring an additional 4,890 shares during the last quarter. Rhumbline Advisers raised its holdings 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 purchasing an additional 6,238 shares during the last quarter. American Century Companies Inc. lifted its position in Aeva Technologies by 34.9% during the 4th quarter. American Century Companies Inc. now owns 25,689 shares of the company's stock worth $122,000 after buying an additional 6,640 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Aeva Technologies by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 211,452 shares of the company's stock worth $696,000 after acquiring an additional 8,007 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of 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. Institutional investors own 62.92% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on AEVA. Canaccord Genuity Group began coverage on Aeva Technologies in a report on Tuesday. They set a "buy" rating and a $9.50 price target for the company. Oppenheimer raised their target price on 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 upped their price target on shares of 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $6.54.

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.