Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Bonny W. Simi sold 9,695 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $6.78, for a total value of $65,732.10. Following the sale, the insider now owns 146,941 shares of the company's stock, valued at approximately $996,259.98. This represents a 6.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Joby Aviation Trading Down 1.4 %
NYSE JOBY opened at $6.57 on Thursday. The stock has a market cap of $5.17 billion, a P/E ratio of -9.38 and a beta of 2.35. Joby Aviation, Inc. has a 12-month low of $4.50 and a 12-month high of $10.72. The company has a fifty day simple moving average of $7.33 and a two-hundred day simple moving average of $6.91.
Institutional Trading of Joby Aviation
A number of institutional investors and hedge funds have recently added to or reduced their stakes in JOBY. Empowered Funds LLC acquired a new stake in shares of Joby Aviation during the third quarter worth about $51,000. Intech Investment Management LLC acquired a new stake in Joby Aviation during the 3rd quarter valued at approximately $518,000. Larson Financial Group LLC increased its stake in shares of Joby Aviation by 218.3% in the third quarter. Larson Financial Group LLC now owns 7,290 shares of the company's stock worth $37,000 after acquiring an additional 5,000 shares during the period. CreativeOne Wealth LLC purchased a new position in shares of Joby Aviation during the third quarter worth $79,000. Finally, Verition Fund Management LLC lifted its position in Joby Aviation by 118.9% during the third quarter. Verition Fund Management LLC now owns 78,339 shares of the company's stock valued at $394,000 after purchasing an additional 42,544 shares during the period. Institutional investors and hedge funds own 52.85% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently weighed in on JOBY. Canaccord Genuity Group raised their price objective on Joby Aviation from $9.75 to $11.50 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $9.00 price objective on shares of Joby Aviation in a research report on Thursday, February 27th. JPMorgan Chase & Co. decreased their target price on shares of Joby Aviation from $6.00 to $5.00 and set an "underweight" rating for the company in a research report on Thursday, February 27th. HC Wainwright reaffirmed a "buy" rating and issued a $9.00 price target on shares of Joby Aviation in a report on Thursday, February 27th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $10.00 price objective on shares of Joby Aviation in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $8.90.
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Joby Aviation Company Profile
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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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