Insider Selling: Hyliion Holdings Corp. (NYSE:HYLN) Director Sells $253,500.00 in Stock

Hyliion Holdings Corp. (NYSE:HYLN) Director Vincent T. Cubbage sold 65,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $3.90, for a total transaction of $253,500.00. Following the sale, the director now owns 972,078 shares of the company’s stock, valued at approximately $3,791,104.20. The trade was a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Hyliion Stock Up 3.5 %

Shares of NYSE:HYLN opened at $3.84 on Monday. The company has a 50-day moving average price of $2.53 and a 200-day moving average price of $2.04. Hyliion Holdings Corp. has a 12 month low of $0.55 and a 12 month high of $4.04.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Planning bought a new position in Hyliion in the 3rd quarter worth $29,000. XTX Topco Ltd bought a new position in Hyliion in the third quarter worth about $60,000. AQR Capital Management LLC purchased a new stake in Hyliion in the second quarter worth about $40,000. Intech Investment Management LLC bought a new stake in Hyliion during the 3rd quarter valued at approximately $77,000. Finally, Verition Fund Management LLC grew its holdings in shares of Hyliion by 52.9% during the 3rd quarter. Verition Fund Management LLC now owns 33,700 shares of the company’s stock worth $84,000 after acquiring an additional 11,653 shares during the period. Institutional investors own 22.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Northland Capmk upgraded Hyliion to a “hold” rating in a report on Tuesday, October 1st. Northland Securities increased their price objective on Hyliion from $1.50 to $2.00 and gave the company a “market perform” rating in a research note on Tuesday, August 13th.

Hyliion Company Profile