Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt Sells 250,000 Shares

Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt sold 250,000 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $5.89, for a total transaction of $1,472,500.00. Following the completion of the transaction, the chief executive officer now owns 32,275,793 shares in the company, valued at approximately $190,104,420.77. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 value 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 shares were sold at an average price of $8.35, for a total value of $13,819.25.
• On Monday, January 6th, Joeben Bevirt sold 250,000 shares of Joby Aviation stock. The stock was sold at an average price of $9.84, for a total value of $2,460,000.00.

Joby Aviation Price Performance

Shares of NYSE JOBY opened at $5.65 on Friday. Joby Aviation, Inc. has a 1-year low of $4.50 and a 1-year high of $10.72. The business’s fifty day moving average price is $7.03 and its two-hundred day moving average price is $6.93. The firm has a market capitalization of $4.45 billion, a PE ratio of -8.06 and a beta of 2.35.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System boosted its position in shares of Joby Aviation by 1.1% during the fourth quarter. California State Teachers Retirement System now owns 186,003 shares of the company’s stock worth $1,512,000 after buying an additional 2,065 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Joby Aviation in the 4th quarter worth approximately $121,000. Total Wealth Planning & Management Inc. bought a new stake in shares of Joby Aviation during the 4th quarter worth $285,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Joby Aviation in the 4th quarter valued at $2,492,000. Finally, Carolinas Wealth Consulting LLC purchased a new stake in Joby Aviation during the fourth quarter valued at about $41,000. Institutional investors own 52.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on JOBY shares. HC Wainwright reaffirmed a “buy” rating and issued a $9.00 target price on shares of Joby Aviation in a research report on Thursday, February 27th. JPMorgan Chase & Co. cut their target price on shares of Joby Aviation from $6.00 to $5.00 and set an “underweight” rating on the stock in a research note on Thursday, February 27th. Canaccord Genuity Group increased their target price on Joby Aviation from $9.75 to $11.50 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Needham & Company LLC reaffirmed 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 reissued an “overweight” rating and set a $9.00 target price 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $8.90.

About Joby Aviation

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.