Free Trial

Joby Aviation, Inc. (NYSE:JOBY) Insider Eric Allison Sells 27,817 Shares

Joby Aviation logo with Transportation background
Remove Ads

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Eric Allison sold 27,817 shares of Joby Aviation stock in a transaction on Monday, October 14th. The stock was sold at an average price of $5.56, for a total transaction of $154,662.52. Following the completion of the transaction, the insider now directly owns 463,151 shares of the company's stock, valued at approximately $2,575,119.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Joby Aviation Stock Performance

Shares of JOBY traded down $0.12 during midday trading on Tuesday, hitting $5.42. 5,547,988 shares of the stock traded hands, compared to its average volume of 6,076,099. Joby Aviation, Inc. has a 1-year low of $4.50 and a 1-year high of $7.69. The firm has a market capitalization of $3.84 billion, a PE ratio of -7.09 and a beta of 1.97. The business's 50 day moving average price is $5.21 and its two-hundred day moving average price is $5.24.

Joby Aviation (NYSE:JOBY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.18). The firm had revenue of $0.28 million for the quarter, compared to analyst estimates of $0.28 million. During the same period last year, the firm posted ($0.17) EPS. As a group, equities research analysts forecast that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $10.50 price objective on shares of Joby Aviation in a report on Friday, October 4th. JPMorgan Chase & Co. lifted their price objective on shares of Joby Aviation from $5.00 to $6.00 and gave the stock a "neutral" rating in a report on Wednesday, July 24th. HC Wainwright reaffirmed a "buy" rating and issued a $9.00 price objective on shares of Joby Aviation in a report on Wednesday, October 2nd. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $10.00 price objective on shares of Joby Aviation in a report on Monday, September 30th.

Remove Ads

Check Out Our Latest Research Report on JOBY

Institutional Investors Weigh In On Joby Aviation

Several institutional investors have recently bought and sold shares of JOBY. Nisa Investment Advisors LLC lifted its holdings in Joby Aviation by 216.3% in the second quarter. Nisa Investment Advisors LLC now owns 8,540 shares of the company's stock worth $44,000 after purchasing an additional 5,840 shares during the period. Sound Income Strategies LLC lifted its holdings in Joby Aviation by 3,311.3% in the third quarter. Sound Income Strategies LLC now owns 10,302 shares of the company's stock worth $52,000 after purchasing an additional 10,000 shares during the period. Integris Wealth Management LLC acquired a new stake in Joby Aviation in the second quarter worth about $54,000. Dakota Wealth Management acquired a new stake in Joby Aviation in the second quarter worth about $56,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in Joby Aviation in the second quarter worth about $57,000. Institutional investors and hedge funds own 45.54% of the company's stock.

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.

Featured Stories

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Joby Aviation Right Now?

Before you consider Joby Aviation, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Joby Aviation wasn't on the list.

While Joby Aviation currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2025 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.
Remove Ads

Featured Articles and Offers

Recent Videos

Will Tesla’s Robot Future Save Its Falling Stock?
NVIDIA’s Dip Is a Gift—Here’s Why It Won’t Last
Best ETFs for Spring 2025: Strong and Steady Investing

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines

Remove Ads