Investors Purchase Large Volume of Call Options on Joby Aviation (NYSE:JOBY)

Joby Aviation, Inc. (NYSE:JOBYGet Free Report) was the target of unusually large options trading on Monday. Stock investors bought 6,855 call options on the stock. This represents an increase of approximately 71% compared to the average daily volume of 4,015 call options.

Insiders Place Their Bets

In other Joby Aviation news, insider Matthew Field sold 4,593 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $5.59, for a total value of $25,674.87. Following the completion of the transaction, the insider now owns 237,217 shares in the company, valued at approximately $1,326,043.03. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Matthew Field sold 4,593 shares of Joby Aviation stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $5.59, for a total transaction of $25,674.87. Following the completion of the sale, the insider now owns 237,217 shares in the company, valued at approximately $1,326,043.03. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Joeben Bevirt sold 5,474 shares of Joby Aviation stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $5.59, for a total value of $30,599.66. Following the sale, the chief executive officer now owns 595,149 shares of the company’s stock, valued at approximately $3,326,882.91. The disclosure for this sale can be found here. Insiders sold a total of 682,379 shares of company stock worth $4,409,033 in the last quarter. 49.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Joby Aviation

Large investors have recently bought and sold shares of the stock. Harbour Investments Inc. increased its stake in Joby Aviation by 155.0% in the 2nd quarter. Harbour Investments Inc. now owns 2,468 shares of the company’s stock worth $25,000 after purchasing an additional 1,500 shares during the period. Sittner & Nelson LLC increased its stake in Joby Aviation by 100.0% in the 3rd quarter. Sittner & Nelson LLC now owns 4,000 shares of the company’s stock worth $26,000 after purchasing an additional 2,000 shares during the period. PNC Financial Services Group Inc. increased its stake in Joby Aviation by 254.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,370 shares of the company’s stock worth $55,000 after purchasing an additional 3,854 shares during the period. FMR LLC increased its stake in Joby Aviation by 60.7% in the 1st quarter. FMR LLC now owns 6,065 shares of the company’s stock worth $26,000 after purchasing an additional 2,290 shares during the period. Finally, Harbor Investment Advisory LLC grew its position in shares of Joby Aviation by 466.7% in the 3rd quarter. Harbor Investment Advisory LLC now owns 6,800 shares of the company’s stock worth $44,000 after buying an additional 5,600 shares during the last quarter. 36.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price target on shares of Joby Aviation in a research report on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Joby Aviation presently has a consensus rating of “Hold” and a consensus price target of $7.60.

Check Out Our Latest Analysis on Joby Aviation

Joby Aviation Stock Up 6.4 %

Shares of Joby Aviation stock opened at $6.31 on Tuesday. The business’s 50 day simple moving average is $6.21 and its two-hundred day simple moving average is $6.47. Joby Aviation has a one year low of $3.68 and a one year high of $11.98.

About Joby Aviation

(Get Free Report)

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.

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