Joby Aviation, Inc. (NYSE:JOBY) CEO Sells $12,795.00 in Stock

Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt sold 1,706 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $7.50, for a total value of $12,795.00. Following the completion of the transaction, the chief executive officer now directly owns 774,060 shares in the company, valued at approximately $5,805,450. This trade represents a 0.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 transaction of $13,819.25.
• On Monday, January 6th, Joeben Bevirt sold 250,000 shares of Joby Aviation stock. The shares were sold at an average price of $9.84, for a total value of $2,460,000.00.
• On Thursday, January 2nd, Joeben Bevirt sold 23,886 shares of Joby Aviation stock. The stock was sold at an average price of $8.08, for a total value of $192,998.88.

Joby Aviation Price Performance

JOBY traded down $0.03 during midday trading on Wednesday, reaching $7.33. 9,472,262 shares of the company’s stock were exchanged, compared to its average volume of 13,388,702. The business’s 50-day moving average price is $8.35 and its 200 day moving average price is $6.57. The stock has a market capitalization of $5.61 billion, a PE ratio of -10.47 and a beta of 2.33. Joby Aviation, Inc. has a 1-year low of $4.50 and a 1-year high of $10.72.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its holdings in shares of Joby Aviation by 218.3% in the third quarter. Larson Financial Group LLC now owns 7,290 shares of the company’s stock valued at $37,000 after acquiring an additional 5,000 shares in the last quarter. Whittier Trust Co. bought a new position in Joby Aviation in the 4th quarter worth approximately $38,000. Salem Investment Counselors Inc. boosted its stake in Joby Aviation by 5,000.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company’s stock valued at $41,000 after acquiring an additional 5,000 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in Joby Aviation during the 4th quarter worth approximately $41,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Joby Aviation in the 4th quarter valued at approximately $42,000. Institutional investors and hedge funds own 52.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on JOBY. Canaccord Genuity Group raised their price target on Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Needham & Company LLC increased their price target on Joby Aviation from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. HC Wainwright reaffirmed a “buy” rating and set a $9.00 price objective on shares of Joby Aviation in a research note on Wednesday, December 18th. Finally, JPMorgan Chase & Co. cut shares of Joby Aviation from a “neutral” rating to an “underweight” rating and upped their target price for the company from $5.00 to $6.00 in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $9.30.

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.