Joby Aviation, Inc. (NYSE:JOBY) Shares Sold by Intellectus Partners LLC

Intellectus Partners LLC lessened its holdings in shares of Joby Aviation, Inc. (NYSE:JOBY) by 10.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 82,350 shares of the company’s stock after selling 9,700 shares during the quarter. Intellectus Partners LLC’s holdings in Joby Aviation were worth $548,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sittner & Nelson LLC lifted its position in Joby Aviation by 100.0% during the third quarter. Sittner & Nelson LLC now owns 4,000 shares of the company’s stock worth $26,000 after buying an additional 2,000 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of Joby Aviation in the 3rd quarter valued at about $47,000. Monterey Private Wealth Inc. purchased a new stake in Joby Aviation during the fourth quarter worth approximately $67,000. International Assets Investment Management LLC acquired a new stake in Joby Aviation in the 4th quarter valued at $73,000. Finally, Teza Capital Management LLC acquired a new position in Joby Aviation during the 3rd quarter worth approximately $76,000. Hedge funds and other institutional investors own 45.54% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Joeben Bevirt sold 5,757 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $6.03, for a total transaction of $34,714.71. Following the transaction, the chief executive officer now directly owns 604,437 shares of the company’s stock, valued at $3,644,755.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Eric Allison sold 19,393 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $4.70, for a total transaction of $91,147.10. Following the completion of the sale, the insider now directly owns 422,592 shares of the company’s stock, valued at $1,986,182.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Joeben Bevirt sold 5,757 shares of Joby Aviation stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $6.03, for a total transaction of $34,714.71. Following the completion of the transaction, the chief executive officer now owns 604,437 shares in the company, valued at approximately $3,644,755.11. The disclosure for this sale can be found here. In the last quarter, insiders sold 550,832 shares of company stock worth $2,822,382. 49.50% of the stock is owned by company insiders.

Joby Aviation Stock Up 4.9 %

JOBY opened at $5.35 on Monday. Joby Aviation, Inc. has a twelve month low of $3.83 and a twelve month high of $11.98. The company has a fifty day simple moving average of $5.19 and a 200 day simple moving average of $5.75.

Joby Aviation (NYSE:JOBY) last issued its earnings results on Wednesday, February 21st. The company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.02. The business had revenue of $1.03 million for the quarter, compared to analyst estimates of $1.50 million. During the same period last year, the company posted ($0.14) earnings per share. Equities research analysts forecast that Joby Aviation, Inc. will post -0.72 earnings per share for the current fiscal year.

Joby Aviation Profile

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.