Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) CEO Joeben Bevirt sold 32,285 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $9.82, for a total transaction of $317,038.70. Following the completion of the sale, the chief executive officer directly owned 391,493 shares in the company, valued at $3,844,461.26. This represents a 7.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Joeben Bevirt also recently made the following trade(s):
- On Tuesday, July 1st, Joeben Bevirt sold 472,000 shares of Joby Aviation stock. The shares were sold at an average price of $9.82, for a total value of $4,635,040.00.
- On Wednesday, May 14th, Joeben Bevirt sold 101,652 shares of Joby Aviation stock. The shares were sold at an average price of $6.66, for a total value of $677,002.32.
- On Tuesday, April 8th, Joeben Bevirt sold 2,349 shares of Joby Aviation stock. The stock was sold at an average price of $5.79, for a total transaction of $13,600.71.
Joby Aviation Trading Up 3.7%
NYSE:JOBY traded up $0.36 during trading hours on Wednesday, reaching $10.17. The company had a trading volume of 29,185,119 shares, compared to its average volume of 14,859,380. The firm's 50 day moving average price is $7.73 and its 200-day moving average price is $7.44. Joby Aviation, Inc. has a 52 week low of $4.66 and a 52 week high of $11.16.
Joby Aviation (NYSE:JOBY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) earnings per share (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 period in the prior year, the business earned ($0.14) EPS. Research analysts forecast that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. Rhumbline Advisers raised its position in shares of Joby Aviation by 5.4% during the first quarter. Rhumbline Advisers now owns 626,743 shares of the company's stock valued at $3,773,000 after buying an additional 32,324 shares during the last quarter. Strs Ohio purchased a new position in Joby Aviation during the first quarter valued at $37,000. Intech Investment Management LLC increased its holdings in Joby Aviation by 70.4% in the 1st 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 last quarter. Integrity Alliance LLC. bought a new stake in Joby Aviation in the 1st quarter valued at $124,000. Finally, PharVision Advisers LLC purchased a new stake in Joby Aviation in the 1st quarter worth $61,000. Institutional investors own 52.85% of the company's stock.
Analyst Upgrades and Downgrades
JOBY has been the subject of a number of recent research reports. HC Wainwright reissued a "buy" rating and issued a $13.00 target price (up previously from $9.00) on shares of Joby Aviation in a research note on Monday, June 9th. Canaccord Genuity Group reiterated a "buy" rating and issued a $12.00 price objective on shares of Joby Aviation in a research report on Wednesday, June 4th. Morgan Stanley reissued an "equal weight" rating and set a $7.00 price objective (down previously from $10.00) on shares of Joby Aviation in a research note on Friday, April 11th. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $9.00 target price on shares of Joby Aviation in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $9.33.
View Our Latest Analysis on Joby Aviation
About Joby Aviation
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Joby Aviation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Joby Aviation wasn't on the list.
While Joby Aviation currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
