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Gregory Bowles Sells 3,442 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

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Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Gregory Bowles sold 3,442 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $6.81, for a total transaction of $23,440.02. Following the sale, the insider now directly owns 36,949 shares in the company, valued at $251,622.69. This trade represents a 8.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Joby Aviation Price Performance

Shares of NYSE JOBY traded up $0.16 during mid-day trading on Friday, reaching $6.91. 11,865,883 shares of the company's stock were exchanged, compared to its average volume of 13,668,156. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of -9.84 and a beta of 2.33. Joby Aviation, Inc. has a 52 week low of $4.50 and a 52 week high of $10.72. The firm has a 50-day moving average price of $8.16 and a two-hundred day moving average price of $6.71.

Hedge Funds Weigh In On Joby Aviation

Large investors have recently modified their holdings of the company. Larson Financial Group LLC increased its holdings in Joby Aviation by 218.3% during the 3rd quarter. Larson Financial Group LLC now owns 7,290 shares of the company's stock valued at $37,000 after purchasing an additional 5,000 shares during the period. Whittier Trust Co. purchased a new position in Joby Aviation during the 4th quarter valued at about $38,000. Salem Investment Counselors Inc. increased its holdings in Joby Aviation by 5,000.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company's stock valued at $41,000 after purchasing an additional 5,000 shares during the period. Compagnie Lombard Odier SCmA purchased a new position in Joby Aviation during the 4th quarter valued at about $41,000. Finally, Toronto Dominion Bank purchased a new position in Joby Aviation during the 4th quarter valued at about $41,000. 52.85% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of brokerages have commented on JOBY. Needham & Company LLC restated a "buy" rating and set a $10.00 price target on shares of Joby Aviation in a research note on Thursday. Canaccord Genuity Group raised their price target on shares of Joby Aviation from $9.75 to $11.50 and gave the company a "buy" rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price objective on Joby Aviation from $6.00 to $5.00 and set an "underweight" rating for the company in a report on Thursday. HC Wainwright restated a "buy" rating and issued a $9.00 target price on shares of Joby Aviation in a report on Thursday. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $9.00 price target on shares of Joby Aviation in a report on Thursday. One 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 presently has an average rating of "Moderate Buy" and an average target price of $8.90.

View Our Latest Stock Analysis on JOBY

Joby Aviation Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Joby Aviation (NYSE:JOBY)

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