Joby Aviation (NYSE:JOBY) Trading Down 3.4%

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report)'s stock price was down 3.4% on Monday . The company traded as low as $5.14 and last traded at $5.17. Approximately 3,037,558 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 4,881,404 shares. The stock had previously closed at $5.35.

Joby Aviation Trading Down 3.1 %

The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of -6.40 and a beta of 2.07. The firm's 50 day simple moving average is $5.17 and its 200-day simple moving average is $5.75.

Joby Aviation (NYSE:JOBY - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.19) by $0.02. The firm had revenue of $1.03 million for the quarter, compared to analyst estimates of $1.50 million. During the same quarter last year, the firm earned ($0.14) earnings per share. As a group, sell-side analysts forecast that Joby Aviation, Inc. will post -0.72 EPS for the current fiscal year.

Insider Transactions at Joby Aviation

In related news, CEO Joeben Bevirt sold 5,448 shares of Joby Aviation stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $4.64, for a total value of $25,278.72. Following the sale, the chief executive officer now directly owns 662,605 shares in the company, valued at $3,074,487.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Joeben Bevirt sold 5,448 shares of the firm's stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $4.64, for a total value of $25,278.72. Following the completion of the sale, the chief executive officer now owns 662,605 shares in the company, valued at $3,074,487.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul Cahill Sciarra sold 202,080 shares of the company's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $5.07, for a total transaction of $1,024,545.60. Following the transaction, the director now owns 59,994,725 shares in the company, valued at $304,173,255.75. The disclosure for this sale can be found here. In the last three months, insiders sold 550,832 shares of company stock valued at $2,822,382. Corporate insiders own 49.50% of the company's stock.

Institutional Trading of Joby Aviation

A number of institutional investors have recently bought and sold shares of the company. Sittner & Nelson LLC raised its stake in shares of Joby Aviation by 100.0% during the 3rd quarter. Sittner & Nelson LLC now owns 4,000 shares of the company's stock worth $26,000 after buying an additional 2,000 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in Joby Aviation during the third quarter worth about $47,000. Monterey Private Wealth Inc. purchased a new stake in shares of Joby Aviation in the fourth quarter valued at about $67,000. International Assets Investment Management LLC acquired a new stake in shares of Joby Aviation in the fourth quarter valued at approximately $73,000. Finally, Teza Capital Management LLC purchased a new position in shares of Joby Aviation during the 3rd quarter worth approximately $76,000. 45.54% of the stock is currently owned by hedge funds and other institutional investors.

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.