Joby Aviation, Inc. (NYSE:JOBY) Insider Sells $329,629.86 in Stock

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Eric Allison sold 27,538 shares of Joby Aviation stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $11.97, for a total transaction of $329,629.86. Following the completion of the transaction, the insider owned 660,076 shares of the company's stock, valued at $7,901,109.72. This trade represents a 4.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Eric Allison also recently made the following trade(s):

• On Wednesday, July 2nd, Eric Allison sold 6,715 shares of Joby Aviation stock. The shares were sold at an average price of $9.82, for a total transaction of $65,941.30.

Joby Aviation Stock Up 1.9%

Shares of NYSE JOBY traded up $0.34 during trading on Friday, reaching $18.06. 50,077,438 shares of the stock were exchanged, compared to its average volume of 16,208,529. The business's 50-day moving average price is $9.18 and its 200 day moving average price is $7.81. Joby Aviation, Inc. has a twelve month low of $4.66 and a twelve month high of $18.30. The company has a market capitalization of $14.30 billion, a price-to-earnings ratio of -21.48 and a beta of 2.47.

Joby Aviation (NYSE:JOBY - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported ($0.11) EPS for the quarter, topping analysts' consensus estimates of ($0.18) by $0.07. Joby Aviation had a negative net margin of 447,083.78% and a negative return on equity of 63.27%. During the same quarter in the previous year, the company earned ($0.14) EPS. As a group, sell-side analysts expect that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Institutional Trading of Joby Aviation

Several institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC increased its stake in Joby Aviation by 459.6% during the second quarter. Signaturefd LLC now owns 9,362 shares of the company's stock valued at $99,000 after purchasing an additional 7,689 shares during the last quarter. Dakota Wealth Management lifted its holdings in Joby Aviation by 75.7% in the second quarter. Dakota Wealth Management now owns 19,179 shares of the company's stock worth $202,000 after purchasing an additional 8,264 shares during the period. Cobblestone Asset Management LLC lifted its holdings in Joby Aviation by 4.6% in the second quarter. Cobblestone Asset Management LLC now owns 64,250 shares of the company's stock worth $678,000 after purchasing an additional 2,850 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Joby Aviation by 63.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 37,788 shares of the company's stock valued at $399,000 after acquiring an additional 14,676 shares during the last quarter. Finally, NBC Securities Inc. lifted its holdings in Joby Aviation by 35.1% in the 2nd quarter. NBC Securities Inc. now owns 142,855 shares of the company's stock valued at $1,507,000 after acquiring an additional 37,120 shares during the last quarter. Institutional investors own 52.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on JOBY shares. HC Wainwright restated a "buy" rating and set a $13.00 target price (up from $9.00) on shares of Joby Aviation in a report on Monday, June 9th. Wall Street Zen upgraded shares of Joby Aviation from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Canaccord Genuity Group reiterated a "buy" rating and set a $12.00 price target on shares of Joby Aviation in a report on Wednesday, June 4th. Cantor Fitzgerald reiterated a "neutral" rating and set a $9.00 price target on shares of Joby Aviation in a report on Monday, June 23rd. Finally, Morgan Stanley reiterated an "equal weight" rating and set a $7.00 price target (down from $10.00) on shares of Joby Aviation in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $9.33.

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.