Gregory Bowles Sells 2,911 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Gregory Bowles sold 2,911 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $5.79, for a total value of $16,854.69. Following the sale, the insider now owns 26,577 shares in the company, valued at approximately $153,880.83. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, September 23rd, Gregory Bowles sold 26,775 shares of Joby Aviation stock. The shares were sold at an average price of $5.14, for a total transaction of $137,623.50.

Joby Aviation Stock Up 5.9 %

NYSE JOBY opened at $5.94 on Friday. The stock’s 50-day simple moving average is $5.21 and its two-hundred day simple moving average is $5.22. Joby Aviation, Inc. has a twelve month low of $4.50 and a twelve month high of $7.69. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of -7.82 and a beta of 1.97.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.18) EPS for the quarter, meeting analysts’ consensus estimates of ($0.18). The business had revenue of $0.28 million for the quarter, compared to the consensus estimate of $0.28 million. During the same quarter in the previous year, the business earned ($0.17) earnings per share. On average, equities analysts expect that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on JOBY shares. JPMorgan Chase & Co. raised their price target on shares of Joby Aviation from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 target price on shares of Joby Aviation in a research report on Monday, September 30th. HC Wainwright reissued a “buy” rating and set a $9.00 price objective on shares of Joby Aviation in a report on Wednesday. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $10.50 target price on shares of Joby Aviation in a research note on Friday.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of JOBY. Vanguard Group Inc. boosted its holdings in Joby Aviation by 9.1% during the 1st quarter. Vanguard Group Inc. now owns 34,659,624 shares of the company’s stock valued at $185,776,000 after acquiring an additional 2,889,012 shares during the period. Ieq Capital LLC grew its holdings in shares of Joby Aviation by 68.6% in the second quarter. Ieq Capital LLC now owns 4,441,574 shares of the company’s stock worth $22,652,000 after purchasing an additional 1,807,054 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Joby Aviation in the first quarter worth $15,357,000. Bank of New York Mellon Corp raised its holdings in Joby Aviation by 41.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,474,677 shares of the company’s stock valued at $7,521,000 after buying an additional 435,069 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC grew its holdings in Joby Aviation by 1,018.5% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 677,116 shares of the company’s stock worth $3,453,000 after acquiring an additional 616,579 shares during the last quarter. Hedge funds and other institutional investors own 45.54% of the company’s stock.

About Joby Aviation

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.