Joeben Bevirt Sells 2,349 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) CEO Joeben Bevirt sold 2,349 shares of the stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $5.79, for a total transaction of $13,600.71. Following the completion of the transaction, the chief executive officer now directly owns 832,999 shares in the company, valued at $4,823,064.21. This trade represents a 0.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Joeben Bevirt also recently made the following trade(s):

• On Tuesday, April 1st, Joeben Bevirt sold 250,000 shares of Joby Aviation stock. The stock was sold at an average price of $5.89, for a total value of $1,472,500.00.
• On Wednesday, March 5th, Joeben Bevirt sold 1,655 shares of Joby Aviation stock. The shares were sold at an average price of $6.59, for a total value of $10,906.45.
• On Thursday, February 13th, Joeben Bevirt sold 10,785 shares of Joby Aviation stock. The stock was sold at an average price of $7.43, for a total value of $80,132.55.
• On Tuesday, February 11th, Joeben Bevirt sold 1,706 shares of Joby Aviation stock. The stock was sold at an average price of $7.50, for a total transaction of $12,795.00.
• On Wednesday, January 15th, Joeben Bevirt sold 1,655 shares of Joby Aviation stock. The stock was sold at an average price of $8.35, for a total transaction of $13,819.25.

Joby Aviation Stock Down 1.8 %

Shares of JOBY traded down $0.11 on Friday, reaching $5.91. The stock had a trading volume of 16,616,090 shares, compared to its average volume of 11,256,537. The firm has a 50-day moving average of $6.62 and a 200 day moving average of $6.96. The firm has a market capitalization of $4.66 billion, a PE ratio of -8.45 and a beta of 2.35. Joby Aviation, Inc. has a twelve month low of $4.50 and a twelve month high of $10.72.

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Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC reiterated a "buy" rating and set a $10.00 target price on shares of Joby Aviation in a research note on Thursday, February 27th. JPMorgan Chase & Co. lowered their target price on Joby Aviation from $6.00 to $5.00 and set an "underweight" rating on the stock in a research note on Thursday, February 27th. HC Wainwright restated a "buy" rating and set a $9.00 price target on shares of Joby Aviation in a research note on Thursday, February 27th. Canaccord Genuity Group lifted their target price on shares of Joby Aviation from $9.75 to $11.50 and gave the company a "buy" rating in a report on Wednesday, January 8th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $9.00 price objective on shares of Joby Aviation in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Joby Aviation currently has an average rating of "Moderate Buy" and a consensus price target of $8.58.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Verition Fund Management LLC increased its holdings in Joby Aviation by 118.9% during the 3rd quarter. Verition Fund Management LLC now owns 78,339 shares of the company's stock valued at $394,000 after acquiring an additional 42,544 shares in the last quarter. State Street Corp grew its position in shares of Joby Aviation by 9.5% in the third quarter. State Street Corp now owns 9,372,636 shares of the company's stock valued at $47,144,000 after purchasing an additional 812,248 shares during the last quarter. EP Wealth Advisors LLC increased its stake in shares of Joby Aviation by 15.4% during the 3rd quarter. EP Wealth Advisors LLC now owns 37,369 shares of the company's stock worth $188,000 after purchasing an additional 5,000 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Joby Aviation by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 9,390,720 shares of the company's stock worth $47,245,000 after purchasing an additional 670,852 shares during the last quarter. Finally, Tidal Investments LLC grew its holdings in Joby Aviation by 13.7% during the 3rd quarter. Tidal Investments LLC now owns 29,246 shares of the company's stock valued at $147,000 after buying an additional 3,522 shares during the last quarter. Hedge funds and other institutional investors 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.