Insider Selling: Joby Aviation, Inc. (NYSE:JOBY) CEO Sells 250,000 Shares of Stock

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) CEO Joeben Bevirt sold 250,000 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $5.89, for a total transaction of $1,472,500.00. Following the completion of the sale, the chief executive officer now owns 32,275,793 shares of the company's stock, valued at approximately $190,104,420.77. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 transaction 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 value of $12,795.00.
• On Wednesday, January 15th, Joeben Bevirt sold 1,655 shares of Joby Aviation stock. The shares were sold at an average price of $8.35, for a total value of $13,819.25.
• On Monday, January 6th, Joeben Bevirt sold 250,000 shares of Joby Aviation stock. The stock was sold at an average price of $9.84, for a total value of $2,460,000.00.

Joby Aviation Stock Down 5.4 %

JOBY traded down $0.31 on Friday, hitting $5.36. The company's stock had a trading volume of 16,382,199 shares, compared to its average volume of 10,978,230. Joby Aviation, Inc. has a 12 month low of $4.50 and a 12 month high of $10.72. The firm has a market cap of $4.22 billion, a P/E ratio of -7.65 and a beta of 2.35. The company's 50 day simple moving average is $6.96 and its 200-day simple moving average is $6.93.

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Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Joby Aviation from $6.00 to $5.00 and set an "underweight" rating for the company in a report on Thursday, February 27th. Canaccord Genuity Group lifted their price target on shares of Joby Aviation from $9.75 to $11.50 and gave the stock a "buy" rating in a report on Wednesday, January 8th. HC Wainwright reiterated a "buy" rating and issued a $9.00 price objective on shares of Joby Aviation in a research note on Thursday, February 27th. Cantor Fitzgerald reissued an "overweight" rating and issued a $9.00 target price on shares of Joby Aviation in a research report on Thursday, February 27th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $10.00 price target on shares of Joby Aviation in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Joby Aviation has a consensus rating of "Moderate Buy" and an average target price of $8.90.

Hedge Funds Weigh In On Joby Aviation

A number of large investors have recently made changes to their positions in the stock. Whittier Trust Co. purchased a new stake in Joby Aviation during the 4th quarter worth about $38,000. Allworth Financial LP increased its position in shares of Joby Aviation by 200.6% during the fourth quarter. Allworth Financial LP now owns 4,975 shares of the company's stock valued at $44,000 after buying an additional 3,320 shares during the period. Compagnie Lombard Odier SCmA purchased a new stake in shares of Joby Aviation in the fourth quarter worth about $41,000. Toronto Dominion Bank bought a new position in shares of Joby Aviation in the fourth quarter valued at approximately $41,000. Finally, Carolinas Wealth Consulting LLC purchased a new position in Joby Aviation during the fourth quarter valued at approximately $41,000. 52.85% of the stock is owned by 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.