Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Eric Allison sold 24,395 shares of the stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $6.04, for a total transaction of $147,345.80. Following the completion of the sale, the insider now directly owns 627,726 shares of the company's stock, valued at $3,791,465.04. This trade represents a 3.74 % 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.
Joby Aviation Stock Down 2.6 %
JOBY stock opened at $5.87 on Wednesday. Joby Aviation, Inc. has a twelve month low of $4.50 and a twelve month high of $10.72. The company has a market cap of $4.62 billion, a P/E ratio of -8.38 and a beta of 2.35. The business has a fifty day moving average of $6.54 and a 200-day moving average of $6.97.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on JOBY. Morgan Stanley reaffirmed an "equal weight" rating and set a $7.00 price objective (down previously from $10.00) on shares of Joby Aviation in a research report on Friday, April 11th. Needham & Company LLC reaffirmed a "buy" rating and issued a $10.00 price objective on shares of Joby Aviation in a research note on Thursday, February 27th. HC Wainwright reissued a "buy" rating and set a $9.00 target price on shares of Joby Aviation in a research report on Thursday, February 27th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $9.00 price target on shares of Joby Aviation in a research report on Thursday, February 27th. Finally, Canaccord Genuity Group increased their price objective on Joby Aviation from $9.75 to $11.50 and gave the company a "buy" rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $8.58.
View Our Latest Report on JOBY
Institutional Investors Weigh In On Joby Aviation
Several large investors have recently modified their holdings of JOBY. State Street Corp grew its stake in shares of Joby Aviation by 9.5% during the 3rd quarter. State Street Corp now owns 9,372,636 shares of the company's stock worth $47,144,000 after acquiring an additional 812,248 shares in the last quarter. Geode Capital Management LLC increased its stake in Joby Aviation by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 9,390,720 shares of the company's stock valued at $47,245,000 after buying an additional 670,852 shares during the last quarter. Tidal Investments LLC lifted its position in Joby Aviation by 13.7% during the 3rd quarter. Tidal Investments LLC now owns 29,246 shares of the company's stock worth $147,000 after buying an additional 3,522 shares in the last quarter. Everence Capital Management Inc. acquired a new position in shares of Joby Aviation during the 4th quarter worth about $142,000. Finally, Watts Gwilliam & Co. LLC bought a new position in shares of Joby Aviation in the 4th quarter valued at about $154,000. 52.85% of the stock is currently owned by institutional investors.
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.
Further Reading
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