Insider Selling: Joby Aviation, Inc. (NYSE:JOBY) CEO Sells 1,706 Shares of Stock

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) CEO Joeben Bevirt sold 1,706 shares of Joby Aviation stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $7.50, for a total transaction of $12,795.00. Following the completion of the transaction, the chief executive officer now owns 774,060 shares of the company's stock, valued at $5,805,450. This represents a 0.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 transaction of $80,132.55.
• 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.
• 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 transaction of $2,460,000.00.
• On Thursday, January 2nd, Joeben Bevirt sold 23,886 shares of Joby Aviation stock. The stock was sold at an average price of $8.08, for a total transaction of $192,998.88.

Joby Aviation Price Performance

NYSE:JOBY traded up $0.28 on Friday, reaching $7.86. The stock had a trading volume of 14,010,559 shares, compared to its average volume of 10,840,079. The company has a market cap of $6.01 billion, a price-to-earnings ratio of -11.22 and a beta of 2.33. The firm's fifty day moving average is $8.32 and its two-hundred day moving average is $6.58. Joby Aviation, Inc. has a 12-month low of $4.50 and a 12-month high of $10.72.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Whittier Trust Co. acquired a new stake in Joby Aviation during the 4th quarter worth approximately $38,000. Allworth Financial LP grew its position in Joby Aviation by 200.6% in the fourth quarter. Allworth Financial LP now owns 4,975 shares of the company's stock valued at $44,000 after acquiring an additional 3,320 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in Joby Aviation in the fourth quarter valued at approximately $41,000. Salem Investment Counselors Inc. grew its position in Joby Aviation by 5,000.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company's stock valued at $41,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in Joby Aviation in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 52.85% of the company's stock.

Wall Street Analysts Forecast Growth

JOBY has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut shares of Joby Aviation from a "neutral" rating to an "underweight" rating and lifted their target price for the company from $5.00 to $6.00 in a report on Friday, January 10th. HC Wainwright reaffirmed a "buy" rating and issued a $9.00 target price on shares of Joby Aviation in a report on Wednesday, December 18th. Needham & Company LLC boosted their price objective on shares of Joby Aviation from $8.00 to $10.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Finally, Canaccord Genuity Group upped their price target on shares of Joby Aviation from $9.75 to $11.50 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $9.30.

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.