Govindaraj Ramasamy Buys 30,000 Shares of Hyliion Holdings Corp. (NYSE:HYLN) Stock

Posted by Chris Copeland on Sep 13th, 2024

Hyliion Holdings Corp. (NYSE:HYLN – Get Free Report) insider Govindaraj Ramasamy bought 30,000 shares of Hyliion stock in a transaction dated Wednesday, September 11th. The shares were bought at an average price of $1.92 per share, for a total transaction of $57,600.00. Following the completion of the transaction, the insider now directly owns 298,000 shares of the company’s stock, valued at approximately $572,160. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Hyliion Trading Up 4.3 %

Shares of HYLN stock opened at $1.95 on Friday. Hyliion Holdings Corp. has a 1 year low of $0.52 and a 1 year high of $2.61. The firm’s 50 day moving average is $1.97 and its 200-day moving average is $1.69.

Hyliion (NYSE:HYLN – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.02. Equities research analysts anticipate that Hyliion Holdings Corp. will post -0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Northland Securities upped their target price on shares of Hyliion from $1.50 to $2.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 13th.

Check Out Our Latest Analysis on HYLN

Hedge Funds Weigh In On Hyliion

Several large investors have recently bought and sold shares of HYLN. Vanguard Group Inc. raised its holdings in Hyliion by 11.7% in the first quarter. Vanguard Group Inc. now owns 7,291,480 shares of the company’s stock worth $12,833,000 after purchasing an additional 762,909 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Hyliion by 9.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 104,086 shares of the company’s stock worth $184,000 after purchasing an additional 8,580 shares during the period. Bank of New York Mellon Corp raised its holdings in Hyliion by 9.9% in the second quarter. Bank of New York Mellon Corp now owns 574,988 shares of the company’s stock worth $931,000 after purchasing an additional 51,794 shares during the period. HITE Hedge Asset Management LLC acquired a new stake in Hyliion in the second quarter worth $656,000. Finally, AQR Capital Management LLC acquired a new stake in Hyliion in the second quarter worth $40,000. 22.81% of the stock is currently owned by institutional investors and hedge funds.