Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) Director Paul Cahill Sciarra sold 166,667 shares of the company's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $5.73, for a total value of $955,001.91. Following the completion of the sale, the director now owns 58,328,061 shares in the company, valued at $334,219,789.53. This represents a 0.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Paul Cahill Sciarra also recently made the following trade(s):
- On Monday, March 24th, Paul Cahill Sciarra sold 166,667 shares of Joby Aviation stock. The shares were sold at an average price of $6.78, for a total transaction of $1,130,002.26.
- On Monday, February 3rd, Paul Cahill Sciarra sold 333,334 shares of Joby Aviation stock. The stock was sold at an average price of $8.02, for a total transaction of $2,673,338.68.
Joby Aviation Trading Up 1.4 %
Shares of JOBY opened at $5.89 on Wednesday. Joby Aviation, Inc. has a twelve month low of $4.66 and a twelve month high of $10.72. The firm has a market capitalization of $4.64 billion, a P/E ratio of -8.41 and a beta of 2.35. The stock's fifty day simple moving average is $6.37 and its 200 day simple moving average is $6.98.
Hedge Funds Weigh In On Joby Aviation
A number of large investors have recently modified their holdings of JOBY. Toyota Motor Corp purchased a new stake in shares of Joby Aviation during the 4th quarter worth about $640,259,000. Baillie Gifford & Co. grew its stake in Joby Aviation by 4.3% during the fourth quarter. Baillie Gifford & Co. now owns 55,032,165 shares of the company's stock worth $447,412,000 after buying an additional 2,281,161 shares during the period. Vanguard Group Inc. increased its position in shares of Joby Aviation by 15.8% in the fourth quarter. Vanguard Group Inc. now owns 46,760,562 shares of the company's stock worth $380,163,000 after acquiring an additional 6,388,232 shares in the last quarter. Uber Technologies Inc purchased a new position in shares of Joby Aviation in the 4th quarter valued at $207,842,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Joby Aviation by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 10,208,358 shares of the company's stock valued at $83,015,000 after acquiring an additional 817,638 shares in the last quarter. 52.85% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the stock. Morgan Stanley reissued an "equal weight" rating and set a $7.00 price objective (down previously from $10.00) on shares of Joby Aviation in a research note on Friday, April 11th. Needham & Company LLC reissued a "buy" rating and set a $10.00 price target on shares of Joby Aviation in a research note on Thursday, February 27th. HC Wainwright reaffirmed a "buy" rating and issued a $9.00 price objective on shares of Joby Aviation in a research report on Thursday, February 27th. Canaccord Genuity Group upped their target price on Joby Aviation from $9.75 to $11.50 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their price target on Joby Aviation from $6.00 to $5.00 and set an "underweight" rating on the stock in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Joby Aviation has a consensus rating of "Moderate Buy" and a consensus target price of $8.58.
Get Our Latest Analysis on JOBY
Joby Aviation Company Profile
(
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.
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