Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt Sells 1,655 Shares

Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt sold 1,655 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $5,245,277.55. The trade was a 0.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 value of $80,132.55.
• On Tuesday, February 11th, Joeben Bevirt sold 1,706 shares of Joby Aviation stock. The stock was sold at an average price of $7.50, for a total value 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 value of $13,819.25.
• On Monday, January 6th, Joeben Bevirt sold 250,000 shares of Joby Aviation stock. The stock was 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 stock was sold at an average price of $8.08, for a total transaction of $192,998.88.

Joby Aviation Trading Down 2.4 %

JOBY stock opened at $6.63 on Friday. The company has a market capitalization of $5.07 billion, a P/E ratio of -9.46 and a beta of 2.35. The business has a 50 day simple moving average of $8.01 and a 200-day simple moving average of $6.76. Joby Aviation, Inc. has a twelve month low of $4.50 and a twelve month high of $10.72.

Institutional Trading of Joby Aviation

A number of large investors have recently bought and sold shares of the business. Bouvel Investment Partners LLC increased its stake in Joby Aviation by 1.4% in the fourth quarter. Bouvel Investment Partners LLC now owns 123,862 shares of the company’s stock valued at $1,007,000 after purchasing an additional 1,715 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Joby Aviation by 9.9% during the fourth quarter. NewEdge Advisors LLC now owns 21,505 shares of the company’s stock worth $175,000 after buying an additional 1,935 shares during the last quarter. Gallagher Fiduciary Advisors LLC increased its position in Joby Aviation by 3.1% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 66,800 shares of the company’s stock valued at $543,000 after acquiring an additional 2,000 shares during the period. Private Advisor Group LLC increased its position in Joby Aviation by 6.6% in the 4th quarter. Private Advisor Group LLC now owns 36,774 shares of the company’s stock valued at $299,000 after acquiring an additional 2,261 shares during the period. Finally, Larson Financial Group LLC raised its stake in Joby Aviation by 35.3% during the 4th quarter. Larson Financial Group LLC now owns 9,864 shares of the company’s stock valued at $80,000 after acquiring an additional 2,574 shares during the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.