Cookson Peirce & Co. Inc. Acquires 86,246 Shares of Joby Aviation, Inc. $JOBY

Cookson Peirce & Co. Inc. raised its holdings in Joby Aviation, Inc. (NYSE:JOBY) by 215.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,246 shares of the company’s stock after buying an additional 86,246 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Joby Aviation were worth $1,666,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Havemeyer Place LP bought a new position in shares of Joby Aviation during the fourth quarter worth approximately $563,000. Total Wealth Planning & Management Inc. bought a new position in shares of Joby Aviation during the fourth quarter worth approximately $362,000. J.W. Cole Advisors Inc. increased its stake in shares of Joby Aviation by 18.2% during the fourth quarter. J.W. Cole Advisors Inc. now owns 16,328 shares of the company’s stock worth $216,000 after purchasing an additional 2,512 shares during the period. Vise Technologies Inc. increased its stake in shares of Joby Aviation by 24.0% during the fourth quarter. Vise Technologies Inc. now owns 15,178 shares of the company’s stock worth $200,000 after purchasing an additional 2,936 shares during the period. Finally, Cibc World Market Inc. bought a new position in shares of Joby Aviation during the fourth quarter worth approximately $223,000. Institutional investors own 52.85% of the company’s stock.

Analyst Ratings Changes

JOBY has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Joby Aviation from $8.00 to $7.00 and set an “underweight” rating on the stock in a research note on Thursday, February 26th. Weiss Ratings lowered Joby Aviation from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Wall Street Zen upgraded Joby Aviation from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 10th. Oppenheimer set a $18.00 target price on Joby Aviation in a research note on Thursday, February 26th. Finally, HC Wainwright reiterated a “buy” rating and set a $18.00 target price on shares of Joby Aviation in a research note on Thursday, March 12th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $13.06.

Insider Buying and Selling at Joby Aviation

In related news, insider Gregory Bowles sold 4,602 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $11.47, for a total transaction of $52,784.94. Following the sale, the insider owned 182,319 shares of the company’s stock, valued at $2,091,198.93. This represents a 2.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Paul Cahill Sciarra sold 416,666 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $12.02, for a total value of $5,008,325.32. Following the sale, the director directly owned 55,911,391 shares in the company, valued at $672,054,919.82. This represents a 0.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,505,784 shares of company stock valued at $15,457,801 over the last ninety days. 32.40% of the stock is owned by corporate insiders.

Joby Aviation Trading Up 0.1%

Shares of NYSE:JOBY opened at $9.56 on Monday. The company has a market capitalization of $9.40 billion, a P/E ratio of -8.31 and a beta of 2.66. Joby Aviation, Inc. has a 1 year low of $7.70 and a 1 year high of $20.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 22.06 and a quick ratio of 22.05. The business’s 50 day simple moving average is $9.69 and its 200 day simple moving average is $11.49.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.09. The business had revenue of $24.25 million for the quarter, compared to the consensus estimate of $20.17 million. Joby Aviation had a negative return on equity of 60.54% and a negative net margin of 1,232.62%.During the same quarter in the prior year, the business posted ($0.11) earnings per share. On average, research analysts anticipate that Joby Aviation, Inc. will post -0.83 EPS for the current fiscal year.

About Joby Aviation

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.