Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Bonny W. Simi sold 12,382 shares of Joby Aviation stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $5.81, for a total transaction of $71,939.42. Following the completion of the transaction, the insider now directly owns 203,588 shares of the company's stock, valued at $1,182,846.28. The trade was a 5.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Joby Aviation Stock Performance
Shares of Joby Aviation stock opened at $5.81 on Tuesday. The business's 50 day moving average price is $6.40 and its 200 day moving average price is $6.99. The company has a market cap of $4.58 billion, a price-to-earnings ratio of -8.30 and a beta of 2.35. Joby Aviation, Inc. has a one year low of $4.50 and a one year high of $10.72.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of JOBY. Bouvel Investment Partners LLC grew its stake in shares of Joby Aviation by 1.4% in the 4th quarter. Bouvel Investment Partners LLC now owns 123,862 shares of the company's stock valued at $1,007,000 after buying an additional 1,715 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Joby Aviation by 9.9% in the 4th quarter. NewEdge Advisors LLC now owns 21,505 shares of the company's stock valued at $175,000 after purchasing an additional 1,935 shares during the last quarter. Gallagher Fiduciary Advisors LLC increased its position in shares of Joby Aviation by 3.1% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 66,800 shares of the company's stock worth $543,000 after purchasing an additional 2,000 shares during the last quarter. California State Teachers Retirement System lifted its position in Joby Aviation by 1.1% in the fourth quarter. California State Teachers Retirement System now owns 186,003 shares of the company's stock valued at $1,512,000 after buying an additional 2,065 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in shares of Joby Aviation by 6.6% during the fourth quarter. Private Advisor Group LLC now owns 36,774 shares of the company's stock valued at $299,000 after acquiring an additional 2,261 shares during the last quarter. Institutional investors and hedge funds own 52.85% of the company's stock.
Analyst Ratings Changes
JOBY has been the subject of a number of analyst reports. 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. Morgan Stanley reissued an "equal weight" rating and issued a $7.00 price target (down previously from $10.00) on shares of Joby Aviation in a report on Friday, April 11th. Canaccord Genuity Group boosted their target price on shares of Joby Aviation from $9.75 to $11.50 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price objective on Joby Aviation from $6.00 to $5.00 and set an "underweight" rating on the stock in a report on Thursday, February 27th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $9.00 price target on shares of Joby Aviation in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $8.58.
Check Out Our Latest Stock Report on Joby Aviation
About Joby Aviation
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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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