Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) CEO Joeben Bevirt sold 10,785 shares of the business's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $7.43, for a total value of $80,132.55. Following the completion of the sale, the chief executive officer now directly owns 793,036 shares in the company, valued at $5,892,257.48. This represents a 1.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Joeben Bevirt also recently made the following trade(s):
- 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 stock was 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.
- 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 value of $192,998.88.
Joby Aviation Trading Up 3.6 %
JOBY traded up $0.28 on Monday, hitting $7.86. 14,010,559 shares of the stock traded hands, compared to its average volume of 10,840,079. Joby Aviation, Inc. has a 52 week low of $4.50 and a 52 week high of $10.72. The firm has a market capitalization of $6.01 billion, a PE ratio of -11.22 and a beta of 2.33. The business has a fifty day moving average price of $8.30 and a two-hundred day moving average price of $6.60.
Institutional Investors Weigh In On Joby Aviation
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Whittier Trust Co. bought a new position in Joby Aviation in the 4th quarter valued at $38,000. Allworth Financial LP boosted its position in shares of Joby Aviation by 200.6% in the 4th quarter. Allworth Financial LP now owns 4,975 shares of the company's stock worth $44,000 after purchasing an additional 3,320 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in shares of Joby Aviation in the 4th quarter worth $41,000. Toronto Dominion Bank bought a new position in shares of Joby Aviation in the 4th quarter worth $41,000. Finally, Salem Investment Counselors Inc. boosted its position in shares of Joby Aviation by 5,000.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company's stock worth $41,000 after purchasing an additional 5,000 shares during the last quarter. 52.85% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
JOBY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. downgraded Joby Aviation from a "neutral" rating to an "underweight" rating and lifted their price target for the company from $5.00 to $6.00 in a report on Friday, January 10th. HC Wainwright reissued a "buy" rating and set a $9.00 price objective on shares of Joby Aviation in a research report on Wednesday, December 18th. Canaccord Genuity Group lifted their price objective on Joby Aviation from $9.75 to $11.50 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Finally, Needham & Company LLC lifted their price objective on Joby Aviation from $8.00 to $10.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $9.30.
Check Out Our Latest Report on Joby Aviation
About Joby Aviation
(
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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.
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