Hyliion Holdings Corp. (NYSE:HYLN) Insider Buys $13,200.00 in Stock

Hyliion Holdings Corp. (NYSE:HYLN) insider Cheri Lantz purchased 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were purchased at an average price of $0.66 per share, for a total transaction of $13,200.00. Following the completion of the acquisition, the insider now directly owns 281,373 shares in the company, valued at approximately $185,706.18. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hyliion Price Performance

Hyliion stock opened at $0.59 on Friday. The stock has a market cap of $107.26 million, a price-to-earnings ratio of -0.86 and a beta of 1.56. Hyliion Holdings Corp. has a 1 year low of $0.52 and a 1 year high of $3.88. The firm has a 50-day moving average of $0.88 and a two-hundred day moving average of $1.38.

Institutional Investors Weigh In On Hyliion

Several hedge funds have recently modified their holdings of HYLN. Renaissance Technologies LLC lifted its position in shares of Hyliion by 550.3% in the 1st quarter. Renaissance Technologies LLC now owns 2,932,200 shares of the company’s stock worth $12,990,000 after purchasing an additional 2,481,276 shares during the period. BlackRock Inc. lifted its position in shares of Hyliion by 3.5% in the 3rd quarter. BlackRock Inc. now owns 10,149,582 shares of the company’s stock worth $29,130,000 after purchasing an additional 342,867 shares during the period. Two Sigma Investments LP lifted its position in shares of Hyliion by 50.7% in the 3rd quarter. Two Sigma Investments LP now owns 912,671 shares of the company’s stock worth $2,619,000 after purchasing an additional 307,214 shares during the period. Millennium Management LLC lifted its position in shares of Hyliion by 39.0% in the 2nd quarter. Millennium Management LLC now owns 936,468 shares of the company’s stock worth $3,015,000 after purchasing an additional 262,851 shares during the period. Finally, BNP Paribas Arbitrage SNC purchased a new stake in shares of Hyliion in the 3rd quarter worth approximately $657,000. Hedge funds and other institutional investors own 26.85% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on HYLN. Cantor Fitzgerald downgraded shares of Hyliion from a “neutral” rating to an “underweight” rating and cut their price target for the company from $2.00 to $1.00 in a report on Thursday, October 12th. The Goldman Sachs Group lowered their price objective on shares of Hyliion from $1.75 to $1.25 and set a “sell” rating for the company in a research report on Monday, August 14th. Finally, Northland Securities cut shares of Hyliion from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $2.80 to $1.50 in a research report on Thursday, October 12th.

About Hyliion

Hyliion Holdings Corp. designs, develops, and sells electrified powertrain solutions for the commercial vehicle industry. It offers battery management systems for hybrid and fully electric vehicle applications; and battery packs. The company was founded in 2015 and is headquartered in Cedar Park, Texas.