Gregory Bowles Sells 4,604 Shares of Joby Aviation (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Gregory Bowles sold 4,604 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $13.31, for a total transaction of $61,279.24. Following the completion of the transaction, the insider directly owned 163,016 shares in the company, valued at $2,169,742.96. This trade represents a 2.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Gregory Bowles also recently made the following trade(s):

• On Tuesday, November 25th, Gregory Bowles sold 3,931 shares of Joby Aviation stock. The shares were sold at an average price of $13.72, for a total transaction of $53,933.32.
• On Friday, October 3rd, Gregory Bowles sold 4,776 shares of Joby Aviation stock. The shares were sold at an average price of $18.09, for a total transaction of $86,397.84.
• On Thursday, October 2nd, Gregory Bowles sold 3,493 shares of Joby Aviation stock. The stock was sold at an average price of $16.78, for a total transaction of $58,612.54.
• On Monday, September 22nd, Gregory Bowles sold 12,900 shares of Joby Aviation stock. The shares were sold at an average price of $15.75, for a total value of $203,175.00.

Joby Aviation Trading Up 1.5%

Shares of JOBY stock opened at $14.14 on Thursday. The stock has a market capitalization of $12.90 billion, a price-to-earnings ratio of -10.56 and a beta of 2.52. Joby Aviation, Inc. has a 12-month low of $4.96 and a 12-month high of $20.95. The stock’s 50-day moving average price is $15.92 and its 200-day moving average price is $13.57.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.29). The company had revenue of $22.57 million during the quarter, compared to the consensus estimate of $0.02 million. During the same period in the previous year, the firm posted ($0.21) earnings per share. The company’s revenue was up 7962.1% compared to the same quarter last year. As a group, research analysts predict that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Joby Aviation

Institutional investors have recently made changes to their positions in the company. Asset Planning Inc grew its holdings in Joby Aviation by 70.0% during the 3rd quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock valued at $27,000 after purchasing an additional 700 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Joby Aviation by 284.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock valued at $27,000 after buying an additional 1,880 shares during the period. Canton Hathaway LLC bought a new position in shares of Joby Aviation during the third quarter valued at approximately $29,000. Strategic Advocates LLC bought a new position in shares of Joby Aviation during the third quarter valued at approximately $29,000. Finally, Hilltop National Bank purchased a new stake in shares of Joby Aviation in the third quarter worth approximately $32,000. Institutional investors own 52.85% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on JOBY shares. HC Wainwright reissued a “neutral” rating on shares of Joby Aviation in a report on Monday. Zacks Research raised shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Needham & Company LLC restated a “buy” rating and issued a $22.00 target price on shares of Joby Aviation in a report on Thursday, November 6th. Morgan Stanley increased their price target on shares of Joby Aviation from $7.00 to $15.00 and gave the company an “equal weight” rating in a report on Thursday, October 9th. Finally, Wall Street Zen lowered Joby Aviation from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Joby Aviation presently has a consensus rating of “Reduce” and a consensus target price of $14.00.

Joby Aviation Company Profile

Joby Aviation, Inc, a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. The company intends to build an aerial ridesharing service, as well as developing an application-based platform that will enable consumers to book rides.