Eric Allison Sells 2,467 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Eric Allison sold 2,467 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $4.64, for a total transaction of $11,446.88. Following the sale, the insider now directly owns 392,760 shares of the company’s stock, valued at approximately $1,822,406.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Eric Allison also recently made the following trade(s):

• On Monday, April 15th, Eric Allison sold 19,393 shares of Joby Aviation stock. The shares were sold at an average price of $4.70, for a total transaction of $91,147.10.

Joby Aviation Stock Performance

Shares of JOBY traded down $0.03 on Thursday, hitting $4.58. 3,792,051 shares of the stock traded hands, compared to its average volume of 4,906,422. The company has a market capitalization of $3.22 billion, a PE ratio of -5.65 and a beta of 2.07. The business has a 50 day simple moving average of $5.36 and a 200 day simple moving average of $5.83. Joby Aviation, Inc. has a one year low of $3.72 and a one year high of $11.98.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings results on Wednesday, February 21st. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.02. The firm had revenue of $1.03 million for the quarter, compared to the consensus estimate of $1.50 million. During the same period last year, the business earned ($0.14) EPS. On average, equities analysts expect that Joby Aviation, Inc. will post -0.72 earnings per share for the current year.

Institutional Investors Weigh In On Joby Aviation

A number of large investors have recently added to or reduced their stakes in JOBY. Advisor Group Holdings Inc. grew its position in Joby Aviation by 40.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 44,453 shares of the company’s stock worth $295,000 after purchasing an additional 12,810 shares during the period. Raymond James & Associates grew its position in Joby Aviation by 47.0% in the 1st quarter. Raymond James & Associates now owns 84,841 shares of the company’s stock worth $562,000 after purchasing an additional 27,114 shares during the period. Cambridge Investment Research Advisors Inc. bought a new stake in Joby Aviation in the 1st quarter worth approximately $108,000. Citigroup Inc. grew its position in Joby Aviation by 281.9% in the 1st quarter. Citigroup Inc. now owns 55,694 shares of the company’s stock worth $369,000 after purchasing an additional 41,110 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in Joby Aviation by 368.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 50,100 shares of the company’s stock worth $332,000 after purchasing an additional 39,400 shares during the period. Institutional investors own 45.54% of the company’s stock.

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.