Hyliion Holdings Corp. (NYSE:HYLN) COO Dennis M. Gallagher Acquires 20,000 Shares

Hyliion Holdings Corp. (NYSE:HYLNGet Rating) COO Dennis M. Gallagher purchased 20,000 shares of Hyliion stock in a transaction dated Wednesday, November 16th. The stock was acquired at an average cost of $3.10 per share, with a total value of $62,000.00. Following the completion of the acquisition, the chief operating officer now directly owns 281,119 shares in the company, valued at $871,468.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hyliion Stock Performance

Shares of HYLN stock opened at $2.98 on Monday. The stock has a fifty day moving average price of $2.81 and a 200 day moving average price of $3.34. The stock has a market cap of $535.55 million, a PE ratio of -3.39 and a beta of 1.24. Hyliion Holdings Corp. has a 1 year low of $2.33 and a 1 year high of $7.12.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Cantor Fitzgerald cut Hyliion from an “overweight” rating to a “neutral” rating and set a $5.00 price target for the company. in a report on Thursday, August 11th. The Goldman Sachs Group reduced their price objective on Hyliion from $3.00 to $2.25 and set a “sell” rating for the company in a report on Thursday, November 10th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $3.81.

Hedge Funds Weigh In On Hyliion

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Hyliion by 0.8% during the third quarter. Vanguard Group Inc. now owns 11,127,254 shares of the company’s stock worth $31,936,000 after purchasing an additional 92,392 shares during the last quarter. BlackRock Inc. increased its position in Hyliion by 3.5% during the third quarter. BlackRock Inc. now owns 10,149,582 shares of the company’s stock worth $29,130,000 after buying an additional 342,867 shares in the last quarter. General Electric Co. purchased a new position in Hyliion during the third quarter worth $15,785,000. State Street Corp increased its position in Hyliion by 2.3% during the third quarter. State Street Corp now owns 2,995,579 shares of the company’s stock worth $8,597,000 after buying an additional 67,336 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Hyliion by 550.3% during the first quarter. Renaissance Technologies LLC now owns 2,932,200 shares of the company’s stock worth $12,990,000 after buying an additional 2,481,276 shares in the last quarter. 26.62% of the stock is owned by institutional investors and hedge funds.

Hyliion Company Profile

(Get Rating)

Hyliion Holdings Corp. designs, develops, and sells electrified powertrain solutions for the commercial vehicle industry. It also provides 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.

Further Reading

Insider Buying and Selling by Quarter for Hyliion (NYSE:HYLN)

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