Joby Aviation, Inc. (NYSE:JOBY) Insider Sells $81,839.08 in Stock

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Gregory Bowles sold 7,961 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $10.28, for a total value of $81,839.08. Following the completion of the sale, the insider directly owned 153,280 shares of the company's stock, valued at approximately $1,575,718.40. The trade was a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Gregory Bowles also recently made the following trade(s):

• On Wednesday, July 2nd, Gregory Bowles sold 3,494 shares of Joby Aviation stock. The stock was sold at an average price of $9.82, for a total value of $34,311.08.
• On Thursday, May 22nd, Gregory Bowles sold 3,402 shares of Joby Aviation stock. The stock was sold at an average price of $6.58, for a total value of $22,385.16.

Joby Aviation Stock Up 6.8%

Shares of JOBY stock traded up $0.72 during trading hours on Tuesday, reaching $11.38. The company's stock had a trading volume of 33,393,817 shares, compared to its average volume of 15,052,121. The firm's 50 day simple moving average is $8.05 and its 200-day simple moving average is $7.52. The company has a market capitalization of $9.01 billion, a price-to-earnings ratio of -13.55 and a beta of 2.47. Joby Aviation, Inc. has a fifty-two week low of $4.66 and a fifty-two week high of $11.70.

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

Analyst Upgrades and Downgrades

JOBY has been the topic of a number of recent research reports. HC Wainwright reiterated a "buy" rating and set 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 restated a "buy" rating and set a $12.00 price objective on shares of Joby Aviation in a research note on Wednesday, June 4th. Cantor Fitzgerald restated a "neutral" rating and set a $9.00 price objective on shares of Joby Aviation in a research note on Monday, June 23rd. Finally, Morgan Stanley restated 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $9.33.

Institutional Investors Weigh In On Joby Aviation

A number of large investors have recently modified their holdings of JOBY. Whittier Trust Co. acquired a new stake in shares of Joby Aviation during the 4th quarter valued at $38,000. Toronto Dominion Bank acquired a new stake in shares of Joby Aviation during the 4th quarter valued at $41,000. Carolinas Wealth Consulting LLC acquired a new position in Joby Aviation during the 4th quarter worth about $41,000. GAMMA Investing LLC lifted its holdings in Joby Aviation by 773.9% during the 1st quarter. GAMMA Investing LLC now owns 5,663 shares of the company's stock worth $34,000 after buying an additional 5,015 shares during the period. Finally, Covestor Ltd lifted its holdings in Joby Aviation by 195.8% during the 4th quarter. Covestor Ltd now owns 6,022 shares of the company's stock worth $50,000 after buying an additional 3,986 shares during the period. Institutional investors and hedge funds 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.

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