Joeben Bevirt Sells 1,706 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt sold 1,706 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $7.50, for a total value of $12,795.00. Following the completion of the sale, the chief executive officer now directly owns 774,060 shares in the company, valued at $5,805,450. This trade represents a 0.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, January 15th, Joeben Bevirt sold 1,655 shares of Joby Aviation stock. The stock was sold at an average price of $8.35, for a total transaction of $13,819.25.
• On Monday, January 6th, Joeben Bevirt sold 250,000 shares of Joby Aviation stock. The shares were 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 value of $192,998.88.

Joby Aviation Stock Performance

Shares of Joby Aviation stock traded down $0.03 during trading hours on Wednesday, hitting $7.33. The company’s stock had a trading volume of 9,472,262 shares, compared to its average volume of 13,388,702. The company has a market cap of $5.61 billion, a PE ratio of -10.47 and a beta of 2.33. The business has a 50 day moving average price of $8.35 and a two-hundred day moving average price of $6.57. Joby Aviation, Inc. has a 12-month low of $4.50 and a 12-month high of $10.72.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Needham & Company LLC boosted their target price on shares of Joby Aviation from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. downgraded shares of Joby Aviation from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $5.00 to $6.00 in a report on Friday, January 10th. Canaccord Genuity Group raised their price objective on shares of Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $9.00 target price on shares of Joby Aviation in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Joby Aviation currently has an average rating of “Moderate Buy” and a consensus target price of $9.30.

Hedge Funds Weigh In On Joby Aviation

Several hedge funds have recently bought and sold shares of JOBY. Larson Financial Group LLC lifted its position in shares of Joby Aviation by 218.3% in the third quarter. Larson Financial Group LLC now owns 7,290 shares of the company’s stock valued at $37,000 after acquiring an additional 5,000 shares in the last quarter. Whittier Trust Co. purchased a new position in Joby Aviation during the fourth quarter worth about $38,000. Salem Investment Counselors Inc. increased its holdings in shares of Joby Aviation by 5,000.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company’s stock worth $41,000 after buying an additional 5,000 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new position in shares of Joby Aviation in the fourth quarter valued at approximately $41,000. Finally, Golden State Wealth Management LLC purchased a new position in Joby Aviation in the fourth quarter worth approximately $42,000. Institutional investors own 52.85% of the company’s stock.

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.