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

Aeva Technologies, Inc. (NYSE:AEVA - Get Free Report) major shareholder Sylebra Capital Llc purchased 821,610 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were acquired at an average cost of $5.48 per share, for a total transaction of $4,502,422.80. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company's shares 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 stock was bought at an average price of $4.36 per share, with a total value of $4,318,191.96.

Aeva Technologies Price Performance

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

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Analysts Set New Price Targets

AEVA has been the subject of a number of recent analyst reports. Oppenheimer upped their target price on Aeva Technologies from $5.00 to $6.00 and gave the company an "outperform" rating in a research report on Thursday, March 20th. Morgan Stanley upped their price objective 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Aeva Technologies has a consensus rating of "Moderate Buy" and an average price target of $5.81.

Hedge Funds Weigh In On Aeva Technologies

A number of institutional investors have recently added to or reduced their stakes in AEVA. Parkwood LLC grew its holdings in shares of 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 last quarter. Jane Street Group LLC raised its stake in shares of Aeva Technologies by 2,490.3% during the fourth quarter. Jane Street Group LLC now owns 648,942 shares of the company's stock valued at $3,082,000 after acquiring an additional 623,889 shares during the last quarter. LPL Financial LLC acquired a new position in shares of Aeva Technologies during the fourth quarter worth $451,000. Geode Capital Management LLC increased its holdings in Aeva Technologies by 14.2% in the third quarter. Geode Capital Management LLC now owns 611,873 shares of the company's stock valued at $2,013,000 after purchasing an additional 76,044 shares during the period. Finally, Two Sigma Investments LP raised its position in Aeva Technologies by 308.6% during the 4th quarter. Two Sigma Investments LP now owns 74,288 shares of the company's stock worth $353,000 after purchasing an additional 56,107 shares during the last quarter. 62.92% of the stock is currently owned by institutional investors and hedge funds.

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.