Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) CEO Joeben Bevirt sold 421,018 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $9.03, for a total transaction of $3,801,792.54. Following the completion of the transaction, the chief executive officer owned 31,777,802 shares in the company, valued at $286,953,552.06. The trade was a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Joeben Bevirt also recently made the following trade(s):
- On Wednesday, April 15th, Joeben Bevirt sold 39,963 shares of Joby Aviation stock. The stock was sold at an average price of $9.03, for a total transaction of $360,865.89.
- On Wednesday, April 8th, Joeben Bevirt sold 986 shares of Joby Aviation stock. The stock was sold at an average price of $8.87, for a total transaction of $8,745.82.
- On Thursday, April 2nd, Joeben Bevirt sold 15,823 shares of Joby Aviation stock. The stock was sold at an average price of $8.15, for a total transaction of $128,957.45.
- On Tuesday, March 10th, Joeben Bevirt sold 3,238 shares of Joby Aviation stock. The stock was sold at an average price of $10.25, for a total transaction of $33,189.50.
- On Tuesday, February 17th, Joeben Bevirt sold 507,182 shares of Joby Aviation stock. The stock was sold at an average price of $9.91, for a total transaction of $5,026,173.62.
- On Tuesday, February 17th, Joeben Bevirt sold 63,636 shares of Joby Aviation stock. The stock was sold at an average price of $9.91, for a total transaction of $630,632.76.
- On Friday, February 13th, Joeben Bevirt sold 14,456 shares of Joby Aviation stock. The stock was sold at an average price of $9.88, for a total transaction of $142,825.28.
- On Tuesday, February 10th, Joeben Bevirt sold 1,590 shares of Joby Aviation stock. The stock was sold at an average price of $10.55, for a total transaction of $16,774.50.
- On Monday, February 9th, Joeben Bevirt sold 507,182 shares of Joby Aviation stock. The stock was sold at an average price of $10.62, for a total transaction of $5,386,272.84.
Joby Aviation Stock Up 0.1%
JOBY traded up $0.01 during trading on Friday, hitting $9.23. The company's stock had a trading volume of 24,951,158 shares, compared to its average volume of 26,413,354. Joby Aviation, Inc. has a one year low of $5.61 and a one year high of $20.95. The firm has a market cap of $8.41 billion, a PE ratio of -8.09 and a beta of 2.68. The business's 50 day simple moving average is $9.42 and its 200-day simple moving average is $13.00.
Joby Aviation (NYSE:JOBY - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.20) by $0.06. The firm had revenue of $30.84 million during the quarter, compared to analysts' expectations of $16.88 million. The business's revenue for the quarter was up 5506.5% on a year-over-year basis. During the same period last year, the company earned ($0.34) earnings per share. Equities research analysts expect that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Needham & Company LLC reduced their price objective on shares of Joby Aviation to $18.00 and set a "buy" rating for the company in a research note on Thursday, February 26th. HC Wainwright reissued a "buy" rating and issued a $18.00 price objective on shares of Joby Aviation in a research note on Thursday, March 12th. Canaccord Genuity Group reissued a "hold" rating and issued a $15.50 price objective on shares of Joby Aviation in a research note on Tuesday, February 3rd. Oppenheimer set a $18.00 price objective on shares of Joby Aviation in a research note on Thursday, February 26th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Joby Aviation from $8.00 to $7.00 and set an "underweight" rating for the company in a research note on Thursday, February 26th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Joby Aviation has an average rating of "Reduce" and a consensus price target of $13.81.
Check Out Our Latest Stock Report on Joby Aviation
Hedge Funds Weigh In On Joby Aviation
Institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp grew its stake in Joby Aviation by 207.4% during the fourth quarter. Fifth Third Bancorp now owns 1,998 shares of the company's stock valued at $26,000 after acquiring an additional 1,348 shares in the last quarter. Asset Planning Inc grew its stake in Joby Aviation by 70.0% during the third quarter. Asset Planning Inc now owns 1,700 shares of the company's stock valued at $27,000 after acquiring an additional 700 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Joby Aviation by 284.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company's stock valued at $27,000 after acquiring an additional 1,880 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Joby Aviation during the fourth quarter valued at $28,000. Finally, Canton Hathaway LLC purchased a new position in Joby Aviation during the third quarter valued at $29,000. 52.85% of the stock is owned by hedge funds and other institutional investors.
About Joby Aviation
(
Get Free Report)
Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company's core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby's eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.
The company's flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.
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