Joby Aviation (NYSE:JOBY) Insider Sells $61,279.24 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Gregory Bowles sold 4,604 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $13.31, for a total transaction of $61,279.24. Following the completion of the transaction, the insider owned 163,016 shares in the company, valued at approximately $2,169,742.96. This represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Gregory Bowles also recently made the following trade(s):

• On Tuesday, November 25th, Gregory Bowles sold 3,931 shares of Joby Aviation stock. The shares were sold at an average price of $13.72, for a total transaction of $53,933.32.
• On Friday, October 3rd, Gregory Bowles sold 4,776 shares of Joby Aviation stock. The shares were sold at an average price of $18.09, for a total value of $86,397.84.
• On Thursday, October 2nd, Gregory Bowles sold 3,493 shares of Joby Aviation stock. The stock was sold at an average price of $16.78, for a total transaction of $58,612.54.
• On Monday, September 22nd, Gregory Bowles sold 12,900 shares of Joby Aviation stock. The shares were sold at an average price of $15.75, for a total value of $203,175.00.

Joby Aviation Stock Performance

Shares of JOBY stock traded up $0.06 during trading hours on Tuesday, hitting $13.95. 12,315,890 shares of the company were exchanged, compared to its average volume of 27,033,973. The business’s 50-day simple moving average is $15.92 and its two-hundred day simple moving average is $13.57. Joby Aviation, Inc. has a one year low of $4.96 and a one year high of $20.95. The stock has a market capitalization of $12.72 billion, a price-to-earnings ratio of -10.41 and a beta of 2.52.

Joby Aviation (NYSE:JOBY) last posted its earnings results on Thursday, November 6th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.29). The company had revenue of $22.57 million during the quarter, compared to analysts’ expectations of $0.02 million. Joby Aviation’s revenue for the quarter was up 7962.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.21) EPS. As a group, analysts anticipate that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

Analyst Ratings Changes

JOBY has been the subject of several research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $22.00 price target on shares of Joby Aviation in a report on Thursday, November 6th. Zacks Research raised Joby Aviation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. upped their target price on Joby Aviation from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Friday, October 31st. HC Wainwright reissued a “neutral” rating on shares of Joby Aviation in a research note on Monday. Finally, Canaccord Genuity Group lowered Joby Aviation from a “buy” rating to a “hold” rating and lifted their price target for the stock from $12.00 to $17.00 in a report on Thursday, August 7th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $14.00.

Institutional Trading of Joby Aviation

Several hedge funds have recently bought and sold shares of the stock. Asset Planning Inc raised its position in Joby Aviation by 70.0% during the third 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. Canton Hathaway LLC purchased a new position in shares of Joby Aviation in the third quarter worth about $29,000. Hilltop National Bank acquired a new stake in Joby Aviation during the third quarter worth $32,000. Ancora Advisors LLC acquired a new stake in Joby Aviation during the 3rd quarter worth approximately $35,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Joby Aviation by 284.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock worth $27,000 after purchasing an additional 1,880 shares in the last quarter. Institutional investors own 52.85% of the company’s stock.

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.