Bonny W. Simi Sells 12,382 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Bonny W. Simi sold 12,382 shares of the stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $5.81, for a total transaction of $71,939.42. Following the completion of the sale, the insider now directly owns 203,588 shares in the company, valued at approximately $1,182,846.28. The trade was a 5.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Joby Aviation Stock Performance

NYSE:JOBY traded up $0.00 during midday trading on Friday, reaching $6.48. 2,290,936 shares of the stock traded hands, compared to its average volume of 11,449,973. The stock has a market capitalization of $5.11 billion, a P/E ratio of -9.26 and a beta of 2.35. The company has a fifty day moving average of $6.31 and a 200 day moving average of $6.98. Joby Aviation, Inc. has a 12 month low of $4.66 and a 12 month high of $10.72.

Hedge Funds Weigh In On Joby Aviation

Several hedge funds and other institutional investors have recently modified their holdings of JOBY. Rheos Capital Works Inc. increased its holdings in Joby Aviation by 17.0% during the 4th quarter. Rheos Capital Works Inc. now owns 2,405,000 shares of the company's stock valued at $19,553,000 after purchasing an additional 350,000 shares during the period. Hamilton Lane Advisors LLC bought a new stake in shares of Joby Aviation in the 4th quarter worth approximately $418,000. Entropy Technologies LP purchased a new position in shares of Joby Aviation during the fourth quarter valued at approximately $300,000. Raymond James Financial Inc. purchased a new position in shares of Joby Aviation during the fourth quarter valued at approximately $2,168,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Joby Aviation by 10.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,894,326 shares of the company's stock valued at $31,661,000 after acquiring an additional 361,520 shares in the last quarter. 52.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

JOBY has been the topic of several research analyst reports. Canaccord Genuity Group upped their price target on shares of Joby Aviation from $9.75 to $11.50 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $9.00 price target on shares of Joby Aviation in a report on Thursday, February 27th. HC Wainwright reiterated a "buy" rating and set a $9.00 price target on shares of Joby Aviation in a research report on Thursday, February 27th. Needham & Company LLC restated a "buy" rating and issued a $10.00 price objective on shares of Joby Aviation in a research report on Thursday, February 27th. Finally, Morgan Stanley reiterated an "equal weight" rating and set a $7.00 target price (down from $10.00) on shares of Joby Aviation in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $8.58.

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.