Joby Aviation, Inc. (NYSE:JOBY) Insider Sells $23,440.02 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Gregory Bowles sold 3,442 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $6.81, for a total transaction of $23,440.02. Following the sale, the insider now directly owns 36,949 shares in the company, valued at $251,622.69. This trade represents a 8.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Joby Aviation Price Performance

JOBY stock opened at $6.77 on Friday. The stock has a market capitalization of $5.18 billion, a PE ratio of -9.66 and a beta of 2.33. The company’s 50-day moving average is $8.16 and its 200-day moving average is $6.71. Joby Aviation, Inc. has a 1 year low of $4.50 and a 1 year high of $10.72.

Hedge Funds Weigh In On Joby Aviation

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bouvel Investment Partners LLC boosted its position in shares of Joby Aviation by 1.4% during the 4th quarter. Bouvel Investment Partners LLC now owns 123,862 shares of the company’s stock worth $1,007,000 after purchasing an additional 1,715 shares in the last quarter. NewEdge Advisors LLC raised its holdings 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 worth $175,000 after acquiring an additional 1,935 shares during the last quarter. Gallagher Fiduciary Advisors LLC raised its holdings in shares of Joby Aviation by 3.1% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 66,800 shares of the company’s stock worth $543,000 after acquiring an additional 2,000 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Joby Aviation by 6.6% in the 4th quarter. Private Advisor Group LLC now owns 36,774 shares of the company’s stock worth $299,000 after acquiring an additional 2,261 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Joby Aviation by 35.3% in the 4th quarter. Larson Financial Group LLC now owns 9,864 shares of the company’s stock worth $80,000 after acquiring an additional 2,574 shares during the last quarter. Institutional investors own 52.85% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on JOBY. Canaccord Genuity Group upped their price target on shares of 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 set a $9.00 price target on shares of Joby Aviation in a research report on Thursday. HC Wainwright reaffirmed a “buy” rating and set a $9.00 price target on shares of Joby Aviation in a research report on Thursday. JPMorgan Chase & Co. cut their price target on shares of Joby Aviation from $6.00 to $5.00 and set an “underweight” rating on the stock in a research report on Thursday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price target on shares of Joby Aviation in a research report on Thursday. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $8.90.

Joby Aviation Company Profile

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.