Bonny Simi Sells 8,272 Shares of Joby Aviation (NYSE:JOBY) Stock

Key Points

• Bonny Simi, an insider at Joby Aviation, sold 8,272 shares at an average price of $16.78, reducing her ownership by 3.64% to 219,206 shares.
• Joby Aviation's stock recently traded at $18.26, significantly higher than its fifty-two week low of $4.80, with a high of $20.95.
• The company reported a loss of ($0.24) EPS for the quarter, missing analysts' expectations, and its revenue fell by 94.6% compared to the previous year.

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Bonny Simi sold 8,272 shares of Joby Aviation stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $16.78, for a total transaction of $138,804.16. Following the completion of the sale, the insider owned 219,206 shares in the company, valued at $3,678,276.68. This trade represents a 3.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Joby Aviation Price Performance

Shares of NYSE JOBY traded up $0.46 during midday trading on Friday, reaching $18.26. The company's stock had a trading volume of 35,832,315 shares, compared to its average volume of 41,566,616. Joby Aviation, Inc. has a fifty-two week low of $4.80 and a fifty-two week high of $20.95. The stock has a 50 day simple moving average of $15.70 and a 200-day simple moving average of $10.95.

Joby Aviation (NYSE:JOBY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.06). The firm had revenue of $0.02 million for the quarter, compared to the consensus estimate of $0.05 million. During the same quarter in the previous year, the business earned ($0.18) EPS. The firm's revenue was down 94.6% compared to the same quarter last year. Equities research analysts anticipate that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on JOBY. Wall Street Zen cut shares of Joby Aviation from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Canaccord Genuity Group cut shares of Joby Aviation from a "buy" rating to a "hold" rating and raised their target price for the company from $12.00 to $17.00 in a research note on Thursday, August 7th. JPMorgan Chase & Co. lifted their price objective on shares of Joby Aviation from $5.00 to $7.00 and gave the stock an "underweight" rating in a research report on Friday, August 1st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Joby Aviation in a research report on Saturday, September 27th. Finally, HC Wainwright cut shares of Joby Aviation from a "buy" rating to a "neutral" rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $10.50.

Institutional Investors Weigh In On Joby Aviation

Institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Joby Aviation in the fourth quarter valued at about $121,000. GAMMA Investing LLC boosted its position in shares of Joby Aviation by 5,161.0% in the first quarter. GAMMA Investing LLC now owns 34,091 shares of the company's stock valued at $205,000 after acquiring an additional 33,443 shares during the period. California State Teachers Retirement System boosted its position in shares of Joby Aviation by 1.1% in the fourth quarter. California State Teachers Retirement System now owns 186,003 shares of the company's stock valued at $1,512,000 after acquiring an additional 2,065 shares during the period. Intech Investment Management LLC boosted its position in shares of Joby Aviation by 70.4% in the first quarter. Intech Investment Management LLC now owns 307,135 shares of the company's stock valued at $1,849,000 after acquiring an additional 126,908 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Joby Aviation by 16.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 502,909 shares of the company's stock valued at $3,050,000 after acquiring an additional 71,695 shares during the period. Institutional investors own 52.85% 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.

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