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

Aeva Technologies, Inc. (NYSE:AEVA) major shareholder Sylebra Capital Llc bought 1,333,188 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The shares were purchased at an average cost of $6.70 per share, for a total transaction of $8,932,359.60. Following the completion of the transaction, the insider now owns 15,160,256 shares of the company’s stock, valued at $101,573,715.20. This represents a 9.64 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 31st, Sylebra Capital Llc acquired 1,068,297 shares of Aeva Technologies stock. The shares were purchased at an average cost of $6.77 per share, for a total transaction of $7,232,370.69.
• On Wednesday, March 26th, Sylebra Capital Llc bought 821,610 shares of Aeva Technologies stock. The stock was purchased at an average price of $5.48 per share, with a total value of $4,502,422.80.
• On Monday, March 24th, Sylebra Capital Llc purchased 990,411 shares of Aeva Technologies stock. The stock was acquired at an average cost of $4.36 per share, for a total transaction of $4,318,191.96.

Aeva Technologies Price Performance

NYSE AEVA opened at $7.26 on Wednesday. The stock’s 50 day simple moving average is $4.07 and its 200 day simple moving average is $4.05. Aeva Technologies, Inc. has a one year low of $2.20 and a one year high of $7.53. The firm has a market cap of $397.22 million, a PE ratio of -2.35 and a beta of 1.41.

Wall Street Analysts Forecast Growth

AEVA has been the topic of several recent research reports. Oppenheimer lifted their target price on shares of Aeva Technologies from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Thursday, March 20th. Canaccord Genuity Group initiated coverage on Aeva Technologies in a report on Tuesday. They set a “buy” rating and a $9.50 price objective on the stock. Finally, Morgan Stanley increased their target price on Aeva Technologies from $4.87 to $5.22 and gave the stock an “equal weight” rating in a report on Friday, March 21st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6.54.

Institutional Trading of Aeva Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Parkwood LLC grew its holdings in Aeva Technologies by 415.7% during the 4th quarter. Parkwood LLC now owns 1,426,627 shares of the company’s stock worth $6,776,000 after acquiring an additional 1,150,000 shares during the last quarter. Jane Street Group LLC grew 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 purchasing an additional 623,889 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Aeva Technologies by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 621,191 shares of the company’s stock valued at $2,951,000 after purchasing an additional 9,318 shares in the last quarter. State Street Corp lifted its holdings in Aeva Technologies by 5.5% during the 3rd quarter. State Street Corp now owns 452,309 shares of the company’s stock worth $1,488,000 after buying an additional 23,593 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Aeva Technologies by 14.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 242,376 shares of the company’s stock valued at $1,151,000 after buying an additional 30,924 shares during the last quarter. 62.92% of the stock is currently owned by institutional investors and hedge funds.

About Aeva Technologies

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.