Joby Aviation (NYSE:JOBY) CEO Joeben Bevirt Sells 14,456 Shares

Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt sold 14,456 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $9.88, for a total transaction of $142,825.28. Following the transaction, the chief executive officer directly owned 309,642 shares of the company’s stock, valued at $3,059,262.96. This represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, February 17th, Joeben Bevirt sold 507,182 shares of Joby Aviation stock. The shares were sold at an average price of $9.91, for a total value of $5,026,173.62.
• On Tuesday, February 17th, Joeben Bevirt sold 63,636 shares of Joby Aviation stock. The shares were sold at an average price of $9.91, for a total value of $630,632.76.
• On Tuesday, February 10th, Joeben Bevirt sold 1,590 shares of Joby Aviation stock. The shares were sold at an average price of $10.55, for a total value of $16,774.50.
• On Monday, February 9th, Joeben Bevirt sold 507,182 shares of Joby Aviation stock. The shares were sold at an average price of $10.62, for a total value of $5,386,272.84.
• On Tuesday, January 13th, Joeben Bevirt sold 1,630 shares of Joby Aviation stock. The stock was sold at an average price of $14.83, for a total value of $24,172.90.
• On Friday, January 2nd, Joeben Bevirt sold 23,552 shares of Joby Aviation stock. The shares were sold at an average price of $13.51, for a total value of $318,187.52.

Joby Aviation Stock Performance

NYSE JOBY traded up $0.08 during trading on Tuesday, hitting $9.98. 15,713,523 shares of the company’s stock traded hands, compared to its average volume of 30,759,029. The stock has a market capitalization of $9.10 billion, a price-to-earnings ratio of -7.45 and a beta of 2.57. Joby Aviation, Inc. has a 12-month low of $4.96 and a 12-month high of $20.95. The business has a 50 day moving average of $13.30 and a 200-day moving average of $14.77.

Institutional Investors Weigh In On Joby Aviation

Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada lifted its position in Joby Aviation by 110.5% in the first quarter. Royal Bank of Canada now owns 85,070 shares of the company’s stock valued at $512,000 after purchasing an additional 44,659 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of Joby Aviation during the first quarter valued at about $273,000. Strs Ohio bought a new position in shares of Joby Aviation during the first quarter valued at about $37,000. IFP Advisors Inc boosted its holdings in shares of Joby Aviation by 137.9% during the second quarter. IFP Advisors Inc now owns 9,030 shares of the company’s stock worth $95,000 after purchasing an additional 5,234 shares during the period. Finally, Concurrent Investment Advisors LLC bought a new stake in shares of Joby Aviation in the second quarter worth about $304,000. 52.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on JOBY shares. Needham & Company LLC reissued a “buy” rating and set a $22.00 price objective on shares of Joby Aviation in a report on Thursday, November 6th. Zacks Research upgraded shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. HC Wainwright reaffirmed a “neutral” rating on shares of Joby Aviation in a report on Monday, November 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a research note on Thursday, January 22nd. Finally, Canaccord Genuity Group reissued a “hold” rating and issued a $15.50 price target on shares of Joby Aviation in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Joby Aviation has an average rating of “Reduce” and an average target price of $13.21.

Joby Aviation Company Profile

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company’s core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby’s eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company’s flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.