Hyliion Holdings Corp. (NYSE:HYLN - Get Free Report) Director Vincent T. Cubbage sold 65,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $3.90, for a total value of $253,500.00. Following the sale, the director now owns 972,078 shares in the company, valued at $3,791,104.20. The trade was a 6.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Hyliion Trading Up 3.4 %
HYLN opened at $3.84 on Friday. Hyliion Holdings Corp. has a 12-month low of $0.55 and a 12-month high of $4.04. The business's fifty day simple moving average is $2.53 and its 200-day simple moving average is $2.03. The company has a market capitalization of $666.25 million, a price-to-earnings ratio of -10.36 and a beta of 1.91.
Institutional Investors Weigh In On Hyliion
Institutional investors have recently added to or reduced their stakes in the stock. Creative Planning bought a new stake in Hyliion during the third quarter valued at about $29,000. AQR Capital Management LLC purchased a new stake in Hyliion in the second quarter valued at about $40,000. XTX Topco Ltd purchased a new stake in Hyliion in the third quarter valued at about $60,000. Intech Investment Management LLC purchased a new stake in Hyliion in the third quarter valued at about $77,000. Finally, Verition Fund Management LLC raised its stake in Hyliion by 52.9% in the third quarter. Verition Fund Management LLC now owns 33,700 shares of the company's stock valued at $84,000 after buying an additional 11,653 shares during the last quarter. Institutional investors own 22.81% of the company's stock.
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Several equities analysts have commented on HYLN shares. Northland Capmk raised Hyliion to a "hold" rating in a research report on Tuesday, October 1st. Northland Securities upped their price objective on Hyliion from $1.50 to $2.00 and gave the company a "market perform" rating in a research report on Tuesday, August 13th.
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