Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) CEO Joeben Bevirt sold 1,655 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $6.59, for a total transaction of $10,906.45. Following the sale, the chief executive officer now directly owns 795,945 shares of the company's stock, valued at $5,245,277.55. The trade was a 0.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
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 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 transaction of $2,460,000.00.
- On Thursday, January 2nd, Joeben Bevirt sold 23,886 shares of Joby Aviation stock. The shares were sold at an average price of $8.08, for a total transaction of $192,998.88.
Joby Aviation Stock Down 7.5 %
Shares of Joby Aviation stock traded down $0.50 during trading hours on Monday, reaching $6.13. 15,450,119 shares of the stock traded hands, compared to its average volume of 10,519,163. Joby Aviation, Inc. has a one year low of $4.50 and a one year high of $10.72. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of -8.75 and a beta of 2.35. The company has a 50 day moving average price of $7.96 and a 200 day moving average price of $6.80.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the company. Cantor Fitzgerald reissued an "overweight" rating and issued a $9.00 target price on shares of Joby Aviation in a research note on Thursday, February 27th. Canaccord Genuity Group upped their target price 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. Needham & Company LLC reissued a "buy" rating and set a $10.00 price target on shares of Joby Aviation in a research report on Thursday, February 27th. HC Wainwright reiterated a "buy" rating and set a $9.00 target price on shares of Joby Aviation in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Joby Aviation from $6.00 to $5.00 and set an "underweight" rating for the company in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $8.90.
View Our Latest Analysis on JOBY
Institutional Trading of Joby Aviation
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JOBY. Bouvel Investment Partners LLC increased its stake in shares of Joby Aviation by 1.4% in the 4th quarter. Bouvel Investment Partners LLC now owns 123,862 shares of the company's stock worth $1,007,000 after purchasing an additional 1,715 shares in the last quarter. NewEdge Advisors LLC increased its position in Joby Aviation by 9.9% in the fourth quarter. NewEdge Advisors LLC now owns 21,505 shares of the company's stock worth $175,000 after buying an additional 1,935 shares in the last quarter. Gallagher Fiduciary Advisors LLC raised its stake in shares of Joby Aviation by 3.1% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 66,800 shares of the company's stock worth $543,000 after buying an additional 2,000 shares during the period. Private Advisor Group LLC lifted its position in shares of Joby Aviation by 6.6% during the 4th quarter. Private Advisor Group LLC now owns 36,774 shares of the company's stock valued at $299,000 after buying an additional 2,261 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Joby Aviation by 35.3% during the 4th quarter. Larson Financial Group LLC now owns 9,864 shares of the company's stock valued at $80,000 after acquiring an additional 2,574 shares during the period. 52.85% of the stock is owned by hedge funds and other institutional investors.
About Joby Aviation
(
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.
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