Insider Selling: Joby Aviation, Inc. (NYSE:JOBY) CEO Sells 2,349 Shares of Stock

Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt sold 2,349 shares of the business’s stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $5.79, for a total value of $13,600.71. Following the completion of the sale, the chief executive officer now owns 832,999 shares of the company’s stock, valued at $4,823,064.21. The trade was a 0.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Joeben Bevirt also recently made the following trade(s):

• On Tuesday, April 1st, Joeben Bevirt sold 250,000 shares of Joby Aviation stock. The stock was sold at an average price of $5.89, for a total transaction of $1,472,500.00.
• On Wednesday, March 5th, Joeben Bevirt sold 1,655 shares of Joby Aviation stock. The stock was sold at an average price of $6.59, for a total transaction of $10,906.45.
• On Thursday, February 13th, Joeben Bevirt sold 10,785 shares of Joby Aviation stock. The shares were sold at an average price of $7.43, for a total transaction of $80,132.55.
• On Tuesday, February 11th, Joeben Bevirt sold 1,706 shares of Joby Aviation stock. The stock was sold at an average price of $7.50, for a total transaction of $12,795.00.
• On Wednesday, January 15th, Joeben Bevirt sold 1,655 shares of Joby Aviation stock. The stock was sold at an average price of $8.35, for a total value of $13,819.25.

Joby Aviation Stock Performance

JOBY stock traded up $0.94 during trading on Wednesday, hitting $6.27. The stock had a trading volume of 18,933,799 shares, compared to its average volume of 11,115,925. The company’s 50 day moving average price is $6.79 and its two-hundred day moving average price is $6.95. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of -8.95 and a beta of 2.35. Joby Aviation, Inc. has a 1-year low of $4.50 and a 1-year high of $10.72.

Analysts Set New Price Targets

A number of analysts recently weighed in on JOBY shares. JPMorgan Chase & Co. lowered their price objective on shares of Joby Aviation from $6.00 to $5.00 and set an “underweight” rating for the company in a research note on Thursday, February 27th. HC Wainwright reissued a “buy” rating and set a $9.00 target price on shares of Joby Aviation in a research report on Thursday, February 27th. Canaccord Genuity Group upped their target price on Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price objective on shares of Joby Aviation in a report on Thursday, February 27th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $9.00 price objective on shares of Joby Aviation in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat, Joby Aviation presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.90.

Hedge Funds Weigh In On Joby Aviation

Several hedge funds and other institutional investors have recently bought and sold shares of JOBY. NBC Securities Inc. lifted its holdings in Joby Aviation by 111,200.0% during the 1st quarter. NBC Securities Inc. now owns 105,735 shares of the company’s stock worth $636,000 after buying an additional 105,640 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Joby Aviation by 5.4% in the first quarter. Rhumbline Advisers now owns 626,743 shares of the company’s stock worth $3,773,000 after purchasing an additional 32,324 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Joby Aviation by 5,161.0% in the 1st quarter. GAMMA Investing LLC now owns 34,091 shares of the company’s stock worth $205,000 after acquiring an additional 33,443 shares during the period. California State Teachers Retirement System increased its position in shares of Joby Aviation by 1.1% during the 4th quarter. California State Teachers Retirement System now owns 186,003 shares of the company’s stock valued at $1,512,000 after purchasing an additional 2,065 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Joby Aviation during the 4th quarter valued at about $121,000. 52.85% of the stock is owned by institutional investors and hedge funds.

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.