Joby Aviation (NYSE:JOBY) Insider Sells $16,099.30 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Eric Allison sold 1,526 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $10.55, for a total transaction of $16,099.30. Following the completion of the transaction, the insider owned 704,036 shares of the company’s stock, valued at approximately $7,427,579.80. This trade represents a 0.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, January 13th, Eric Allison sold 21,493 shares of Joby Aviation stock. The shares were sold at an average price of $14.84, for a total value of $318,956.12.
• On Friday, January 2nd, Eric Allison sold 5,447 shares of Joby Aviation stock. The stock was sold at an average price of $13.51, for a total value of $73,588.97.
• On Tuesday, December 30th, Eric Allison sold 32,448 shares of Joby Aviation stock. The stock was sold at an average price of $13.25, for a total value of $429,936.00.

Joby Aviation Price Performance

JOBY stock opened at $9.90 on Friday. The business’s 50-day moving average is $13.52 and its two-hundred day moving average is $14.90. The firm has a market capitalization of $9.02 billion, a P/E ratio of -7.39 and a beta of 2.57. Joby Aviation, Inc. has a 1 year low of $4.96 and a 1 year high of $20.95.

Analyst Upgrades and Downgrades

Several research analysts have commented on JOBY shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a report on Thursday, January 22nd. Zacks Research upgraded shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. HC Wainwright reiterated a “neutral” rating on shares of Joby Aviation in a research note on Monday, November 24th. JPMorgan Chase & Co. raised their price target on Joby Aviation from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Friday, October 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 price objective on shares of Joby Aviation in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Joby Aviation presently has an average rating of “Reduce” and an average price target of $13.21.

Institutional Investors Weigh In On Joby Aviation

Several hedge funds and other institutional investors have recently bought and sold shares of JOBY. CWM LLC boosted its stake in Joby Aviation by 8.1% in the second quarter. CWM LLC now owns 9,156 shares of the company’s stock valued at $97,000 after acquiring an additional 689 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in shares of Joby Aviation by 22.5% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 3,794 shares of the company’s stock valued at $61,000 after purchasing an additional 697 shares during the last quarter. Asset Planning Inc boosted its position in shares of Joby Aviation by 70.0% in the 3rd quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock valued at $27,000 after purchasing an additional 700 shares during the period. GoalVest Advisory LLC grew its stake in Joby Aviation by 2.1% during the 4th quarter. GoalVest Advisory LLC now owns 33,500 shares of the company’s stock worth $442,000 after buying an additional 700 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Joby Aviation by 4.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 16,705 shares of the company’s stock worth $270,000 after buying an additional 736 shares during the last quarter. 52.85% of the stock is currently owned by institutional investors and hedge funds.

About Joby Aviation

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.