Joby Aviation, Inc. (NYSE:JOBY) CEO Sells $10,906.45 in Stock

Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt sold 1,655 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $6.59, for a total transaction of $10,906.45. Following the sale, the chief executive officer now directly owns 795,945 shares of the company’s stock, valued at $5,245,277.55. The trade was a 0.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, February 13th, Joeben Bevirt sold 10,785 shares of Joby Aviation stock. The shares were sold at an average price of $7.43, for a total transaction of $80,132.55.
• On Tuesday, February 11th, Joeben Bevirt sold 1,706 shares of Joby Aviation stock. The shares were sold at an average price of $7.50, for a total transaction of $12,795.00.
• On Wednesday, January 15th, Joeben Bevirt sold 1,655 shares of Joby Aviation stock. The shares were sold at an average price of $8.35, for a total transaction of $13,819.25.
• On Monday, January 6th, Joeben Bevirt sold 250,000 shares of Joby Aviation stock. The shares were sold at an average price of $9.84, for a total transaction of $2,460,000.00.
• On Thursday, January 2nd, Joeben Bevirt sold 23,886 shares of Joby Aviation stock. The shares were sold at an average price of $8.08, for a total transaction of $192,998.88.

Joby Aviation Stock Performance

Shares of JOBY opened at $6.61 on Friday. The stock has a market capitalization of $5.05 billion, a PE ratio of -9.44 and a beta of 2.35. Joby Aviation, Inc. has a 1 year low of $4.50 and a 1 year high of $10.72. The company’s 50-day simple moving average is $7.96 and its 200-day simple moving average is $6.79.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on JOBY shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $9.00 price objective on shares of Joby Aviation in a report on Thursday, February 27th. Canaccord Genuity Group upped their target price on shares of Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their target price on shares of Joby Aviation from $6.00 to $5.00 and set an “underweight” rating on the stock in a research report on Thursday, February 27th. HC Wainwright reaffirmed a “buy” rating and issued a $9.00 target price on shares of Joby Aviation in a research report on Thursday, February 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 target price on shares of Joby Aviation in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $8.90.

Institutional Trading of Joby Aviation

Several hedge funds have recently made changes to their positions in JOBY. Toyota Motor Corp acquired a new stake in shares of Joby Aviation during the fourth quarter worth about $640,259,000. Uber Technologies Inc acquired a new stake in Joby Aviation in the fourth quarter valued at approximately $207,842,000. Vanguard Group Inc. raised its holdings in Joby Aviation by 15.8% in the fourth quarter. Vanguard Group Inc. now owns 46,760,562 shares of the company’s stock valued at $380,163,000 after acquiring an additional 6,388,232 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in Joby Aviation by 331.4% in the fourth quarter. Nuveen Asset Management LLC now owns 4,260,082 shares of the company’s stock valued at $34,634,000 after acquiring an additional 3,272,597 shares in the last quarter. Finally, Baillie Gifford & Co. raised its holdings in Joby Aviation by 4.3% in the fourth quarter. Baillie Gifford & Co. now owns 55,032,165 shares of the company’s stock valued at $447,412,000 after acquiring an additional 2,281,161 shares in the last quarter. Institutional investors and hedge funds 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.