Joby Aviation (NYSE:JOBY) CEO Sells $128,957.45 in Stock

Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt sold 15,823 shares of the stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $8.15, for a total transaction of $128,957.45. Following the completion of the sale, the chief executive officer directly owned 263,862 shares of the company’s stock, valued at $2,150,475.30. This trade represents a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Joeben Bevirt also recently made the following trade(s):

• On Tuesday, March 10th, Joeben Bevirt sold 3,238 shares of Joby Aviation stock. The shares were sold at an average price of $10.25, for a total transaction of $33,189.50.
• On Tuesday, February 17th, Joeben Bevirt sold 507,182 shares of Joby Aviation stock. The shares were sold at an average price of $9.91, for a total transaction of $5,026,173.62.
• On Tuesday, February 17th, Joeben Bevirt sold 63,636 shares of Joby Aviation stock. The shares were sold at an average price of $9.91, for a total transaction of $630,632.76.
• On Friday, February 13th, Joeben Bevirt sold 14,456 shares of Joby Aviation stock. The stock was sold at an average price of $9.88, for a total transaction of $142,825.28.
• On Tuesday, February 10th, Joeben Bevirt sold 1,590 shares of Joby Aviation stock. The shares were sold at an average price of $10.55, for a total transaction of $16,774.50.
• On Monday, February 9th, Joeben Bevirt sold 507,182 shares of Joby Aviation stock. The shares were sold at an average price of $10.62, for a total transaction of $5,386,272.84.
• On Tuesday, January 13th, Joeben Bevirt sold 1,630 shares of Joby Aviation stock. The stock was sold at an average price of $14.83, for a total transaction of $24,172.90.

Joby Aviation Stock Performance

Shares of NYSE:JOBY traded down $0.00 during midday trading on Friday, hitting $8.50. 23,309,062 shares of the stock were exchanged, compared to its average volume of 23,038,890. Joby Aviation, Inc. has a 52-week low of $4.96 and a 52-week high of $20.95. The business’s fifty day simple moving average is $10.03 and its two-hundred day simple moving average is $13.47. The company has a market capitalization of $7.75 billion, a PE ratio of -7.45 and a beta of 2.68.

Joby Aviation (NYSE:JOBY) last issued its earnings results on Wednesday, February 25th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. The firm had revenue of $30.84 million during the quarter, compared to analysts’ expectations of $16.88 million. During the same quarter last year, the firm earned ($0.34) EPS. The business’s revenue for the quarter was up 5506.5% compared to the same quarter last year. As a group, equities analysts anticipate that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JOBY. Creek Drive Management Group LLC acquired a new stake in Joby Aviation in the 4th quarter worth approximately $2,072,000. Rockefeller Capital Management L.P. grew its holdings in Joby Aviation by 20.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 84,308 shares of the company’s stock valued at $1,113,000 after purchasing an additional 14,469 shares during the last quarter. World Investment Advisors bought a new position in shares of Joby Aviation in the fourth quarter valued at approximately $576,000. Corient Private Wealth LLC raised its position in shares of Joby Aviation by 34.8% in the fourth quarter. Corient Private Wealth LLC now owns 38,953 shares of the company’s stock valued at $514,000 after purchasing an additional 10,059 shares during the period. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Joby Aviation in the fourth quarter worth $28,000. Institutional investors and hedge funds own 52.85% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on JOBY. HC Wainwright reissued a “buy” rating and issued a $18.00 price target on shares of Joby Aviation in a research note on Thursday, March 12th. Canaccord Genuity Group reissued a “hold” rating and issued a $15.50 target price on shares of Joby Aviation in a research report on Tuesday, February 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Joby Aviation in a research note on Thursday, January 22nd. JPMorgan Chase & Co. dropped their price target on shares of Joby Aviation from $8.00 to $7.00 and set an “underweight” rating on the stock in a research note on Thursday, February 26th. Finally, Needham & Company LLC reduced their price objective on shares of Joby Aviation to $18.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Joby Aviation has a consensus rating of “Reduce” and an average price target of $13.81.

Joby Aviation Company Profile

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company’s core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby’s eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company’s flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.