Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt Sells 139,578 Shares

Joby Aviation, Inc. (NYSE:JOBY – Get Rating) CEO Joeben Bevirt sold 139,578 shares of the stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $3.69, for a total transaction of $515,042.82. Following the transaction, the chief executive officer now owns 487,680 shares in the company, valued at $1,799,539.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Joby Aviation Trading Up 5.5 %

NYSE:JOBY opened at $4.44 on Wednesday. Joby Aviation, Inc. has a 12 month low of $3.15 and a 12 month high of $7.15. The firm has a fifty day simple moving average of $3.79 and a 200-day simple moving average of $4.67. The company has a market capitalization of $2.71 billion, a P/E ratio of -13.45 and a beta of 1.48.

Joby Aviation (NYSE:JOBY – Get Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.16) EPS for the quarter, hitting the consensus estimate of ($0.16). Equities analysts forecast that Joby Aviation, Inc. will post -0.58 EPS for the current year.

Institutional Investors Weigh In On Joby Aviation

Several institutional investors and hedge funds have recently made changes to their positions in JOBY. Allspring Global Investments Holdings LLC purchased a new position in shares of Joby Aviation during the third quarter worth $28,000. AdvisorShares Investments LLC purchased a new position in shares of Joby Aviation during the second quarter worth $30,000. IFP Advisors Inc raised its holdings in shares of Joby Aviation by 486.7% during the third quarter. IFP Advisors Inc now owns 3,737 shares of the company’s stock worth $38,000 after purchasing an additional 3,100 shares during the last quarter. Nisa Investment Advisors LLC purchased a new position in shares of Joby Aviation during the second quarter worth $43,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of Joby Aviation during the third quarter worth $43,000. 29.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Joby Aviation from $7.00 to $6.00 in a research note on Wednesday, November 16th. Barclays lowered their target price on shares of Joby Aviation from $6.00 to $4.50 and set an “equal weight” rating for the company in a research note on Tuesday, November 15th. Morgan Stanley lowered their target price on shares of Joby Aviation from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, November 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Joby Aviation from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Thursday, November 3rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.50.

Joby Aviation Company Profile

(Get Rating)

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. It intends to build an aerial ridesharing service. The company was founded in 2009 and is headquartered in Santa Cruz, California.