Bonny W. Simi Sells 9,695 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Bonny W. Simi sold 9,695 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $6.78, for a total value of $65,732.10. Following the completion of the transaction, the insider now owns 146,941 shares of the company's stock, valued at approximately $996,259.98. The trade was a 6.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Joby Aviation Trading Down 4.8 %

Shares of Joby Aviation stock traded down $0.31 during trading hours on Friday, reaching $6.12. The stock had a trading volume of 9,297,624 shares, compared to its average volume of 10,842,135. The stock's 50 day moving average is $7.25 and its 200 day moving average is $6.93. Joby Aviation, Inc. has a twelve month low of $4.50 and a twelve month high of $10.72. The firm has a market capitalization of $4.82 billion, a PE ratio of -8.75 and a beta of 2.35.

Wall Street Analysts Forecast Growth

JOBY has been the topic of a number of research reports. Needham & Company LLC reiterated a "buy" rating and issued a $10.00 price objective on shares of Joby Aviation in a research note on Thursday, February 27th. JPMorgan Chase & Co. cut their price target on Joby Aviation from $6.00 to $5.00 and set an "underweight" rating on the stock in a research report on Thursday, February 27th. Cantor Fitzgerald reiterated an "overweight" rating and set a $9.00 price objective on shares of Joby Aviation in a research note on Thursday, February 27th. Canaccord Genuity Group upped their target price on Joby Aviation from $9.75 to $11.50 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Finally, HC Wainwright reiterated a "buy" rating and set a $9.00 price target on shares of Joby Aviation in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Joby Aviation currently has a consensus rating of "Moderate Buy" and an average price target of $8.90.

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Hedge Funds Weigh In On Joby Aviation

A number of large investors have recently bought and sold shares of JOBY. Whittier Trust Co. purchased a new stake in shares of Joby Aviation in the fourth quarter valued at approximately $38,000. Allworth Financial LP grew its stake in Joby Aviation by 200.6% in the 4th 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 during the period. Compagnie Lombard Odier SCmA purchased a new stake in Joby Aviation in the 4th quarter worth $41,000. Toronto Dominion Bank acquired a new position in Joby Aviation during the fourth quarter worth $41,000. Finally, Carolinas Wealth Consulting LLC purchased a new position in Joby Aviation during the fourth quarter valued at $41,000. Institutional investors and hedge funds own 52.85% of the company's stock.

About Joby Aviation

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.