Insider Buying: Aeva Technologies, Inc. (NYSE:AEVA) Major Shareholder Purchases $4,318,191.96 in Stock

Aeva Technologies, Inc. (NYSE:AEVA) major shareholder Sylebra Capital Llc bought 990,411 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were purchased at an average cost of $4.36 per share, for a total transaction of $4,318,191.96. Following the acquisition, the insider now owns 11,369,715 shares of the company’s stock, valued at $49,571,957.40. This represents a 9.54 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Sylebra Capital Llc also recently made the following trade(s):

• On Wednesday, March 26th, Sylebra Capital Llc purchased 821,610 shares of Aeva Technologies stock. The shares were purchased at an average price of $5.48 per share, for a total transaction of $4,502,422.80.

Aeva Technologies Stock Up 5.2 %

AEVA opened at $6.71 on Friday. The firm has a market cap of $361.55 million, a PE ratio of -2.17 and a beta of 1.41. The business has a fifty day simple moving average of $3.96 and a 200-day simple moving average of $3.97. Aeva Technologies, Inc. has a fifty-two week low of $2.20 and a fifty-two week high of $7.07.

Hedge Funds Weigh In On Aeva Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. PFG Investments LLC acquired a new stake in Aeva Technologies during the 4th quarter worth about $48,000. Intech Investment Management LLC acquired a new position in shares of Aeva Technologies in the fourth quarter worth about $52,000. Squarepoint Ops LLC purchased a new position in shares of Aeva Technologies in the fourth quarter worth approximately $54,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Aeva Technologies during the fourth quarter valued at approximately $63,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Aeva Technologies in the 4th quarter valued at approximately $78,000. Institutional investors and hedge funds own 62.92% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on AEVA. Morgan Stanley raised their target price on Aeva Technologies from $4.87 to $5.22 and gave the company an “equal weight” rating in a research note on Friday, March 21st. Oppenheimer raised their price objective 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.81.

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.