Insider Selling: Joby Aviation (NYSE:JOBY) CEO Sells $128,957.45 in Stock

Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt sold 15,823 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $8.15, for a total transaction of $128,957.45. Following the transaction, the chief executive officer owned 263,862 shares in the company, valued at $2,150,475.30. This represents a 5.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, March 10th, Joeben Bevirt sold 3,238 shares of Joby Aviation stock. The stock was sold at an average price of $10.25, for a total transaction of $33,189.50.
• On Tuesday, February 17th, Joeben Bevirt sold 507,182 shares of Joby Aviation stock. The shares were sold at an average price of $9.91, for a total value of $5,026,173.62.
• On Tuesday, February 17th, Joeben Bevirt sold 63,636 shares of Joby Aviation stock. The shares were sold at an average price of $9.91, for a total value of $630,632.76.
• On Friday, February 13th, Joeben Bevirt sold 14,456 shares of Joby Aviation stock. The stock was sold at an average price of $9.88, for a total value of $142,825.28.
• On Tuesday, February 10th, Joeben Bevirt sold 1,590 shares of Joby Aviation stock. The stock was sold at an average price of $10.55, for a total value of $16,774.50.
• On Monday, February 9th, Joeben Bevirt sold 507,182 shares of Joby Aviation stock. The shares were sold at an average price of $10.62, for a total value of $5,386,272.84.
• On Tuesday, January 13th, Joeben Bevirt sold 1,630 shares of Joby Aviation stock. The shares were sold at an average price of $14.83, for a total value of $24,172.90.

Joby Aviation Stock Down 0.0%

Shares of JOBY stock opened at $8.50 on Monday. The stock has a market cap of $7.75 billion, a price-to-earnings ratio of -7.45 and a beta of 2.68. The business’s fifty day moving average is $9.92 and its 200 day moving average is $13.42. Joby Aviation, Inc. has a twelve month low of $4.96 and a twelve month high of $20.95.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings data on Wednesday, February 25th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.06. The firm had revenue of $30.84 million for the quarter, compared to analysts’ expectations of $16.88 million. During the same period in the prior year, the business posted ($0.34) EPS. The business’s quarterly revenue was up 5506.5% compared to the same quarter last year. Equities research analysts expect that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Joby Aviation

Hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp grew its position in Joby Aviation by 207.4% during the 4th quarter. Fifth Third Bancorp now owns 1,998 shares of the company’s stock valued at $26,000 after purchasing an additional 1,348 shares during the last quarter. Asset Planning Inc raised its holdings in Joby Aviation by 70.0% in the third quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock worth $27,000 after buying an additional 700 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Joby Aviation by 284.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock worth $27,000 after buying an additional 1,880 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Joby Aviation in the fourth quarter worth approximately $28,000. Finally, Canton Hathaway LLC purchased a new stake in shares of Joby Aviation during the third quarter valued at approximately $29,000. Institutional investors own 52.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on JOBY. HC Wainwright reissued a “buy” rating and set a $18.00 price target on shares of Joby Aviation in a research report on Thursday, March 12th. JPMorgan Chase & Co. decreased their target price on shares of Joby Aviation from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Thursday, February 26th. Needham & Company LLC lowered their target price on shares of Joby Aviation to $18.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Canaccord Genuity Group reissued a “hold” rating and issued a $15.50 price target on shares of Joby Aviation in a research report on Tuesday, February 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Joby Aviation in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $13.81.

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.