Joby Aviation (NYSE:JOBY) CEO Joeben Bevirt Sells 15,823 Shares

Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt sold 15,823 shares of the company’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $8.15, for a total transaction of $128,957.45. Following the completion of the sale, the chief executive officer directly owned 263,862 shares of the company’s stock, valued at $2,150,475.30. The trade was a 5.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, March 10th, Joeben Bevirt sold 3,238 shares of Joby Aviation stock. The shares were sold at an average price of $10.25, for a total transaction of $33,189.50.
• On Tuesday, February 17th, Joeben Bevirt sold 507,182 shares of Joby Aviation stock. The stock was sold at an average price of $9.91, for a total transaction of $5,026,173.62.
• On Tuesday, February 17th, Joeben Bevirt sold 63,636 shares of Joby Aviation stock. The stock was sold at an average price of $9.91, for a total transaction of $630,632.76.
• On Friday, February 13th, Joeben Bevirt sold 14,456 shares of Joby Aviation stock. The shares were sold at an average price of $9.88, for a total transaction of $142,825.28.
• 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 transaction 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 transaction 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.

Joby Aviation Stock Down 0.0%

JOBY traded down $0.00 during trading on Friday, reaching $8.50. The stock had a trading volume of 23,309,062 shares, compared to its average volume of 23,038,890. The stock has a 50 day moving average of $10.03 and a two-hundred day moving average of $13.47. The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of -7.45 and a beta of 2.68. Joby Aviation, Inc. has a 1-year low of $4.96 and a 1-year high of $20.95.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings results on Wednesday, February 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.06. The firm had revenue of $30.84 million for the quarter, compared to analyst estimates of $16.88 million. The firm’s revenue for the quarter was up 5506.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.34) earnings per share. On average, research analysts forecast that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

Hedge Funds Weigh In On Joby Aviation

A number of hedge funds and other institutional investors have recently modified their holdings of JOBY. Fifth Third Bancorp raised its holdings in shares of Joby Aviation by 207.4% during the fourth quarter. Fifth Third Bancorp now owns 1,998 shares of the company’s stock valued at $26,000 after acquiring an additional 1,348 shares during the period. Asset Planning Inc lifted its stake in Joby Aviation by 70.0% in the 3rd quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock worth $27,000 after acquiring an additional 700 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Joby Aviation by 284.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock worth $27,000 after acquiring an additional 1,880 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Joby Aviation during the 4th quarter worth about $28,000. Finally, Canton Hathaway LLC acquired a new stake in Joby Aviation during the 3rd quarter worth about $29,000. Institutional investors and hedge funds own 52.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on JOBY. Weiss Ratings reissued a “sell (d-)” rating on shares of Joby Aviation in a report on Thursday, January 22nd. JPMorgan Chase & Co. lowered their price objective on shares of Joby Aviation from $8.00 to $7.00 and set an “underweight” rating on the stock in a research note on Thursday, February 26th. Needham & Company LLC cut their target price on shares of Joby Aviation to $18.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. HC Wainwright restated a “buy” rating and set a $18.00 target price on shares of Joby Aviation in a report on Thursday, March 12th. Finally, Oppenheimer set a $18.00 price target on shares of Joby Aviation in a research report on Thursday, February 26th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $13.81.

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.