Joeben Bevirt Sells 1,655 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt sold 1,655 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $8.35, for a total value of $13,819.25. Following the sale, the chief executive officer now directly owns 771,202 shares of the company’s stock, valued at $6,439,536.70. The trade was a 0.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Joeben Bevirt also recently made the following trade(s):

• On Monday, January 6th, Joeben Bevirt sold 250,000 shares of Joby Aviation stock. The stock was sold at an average price of $9.84, for a total transaction of $2,460,000.00.
• On Thursday, January 2nd, Joeben Bevirt sold 23,886 shares of Joby Aviation stock. The stock was sold at an average price of $8.08, for a total value of $192,998.88.

Joby Aviation Trading Up 3.4 %

Shares of JOBY stock traded up $0.28 on Thursday, reaching $8.38. 12,224,554 shares of the stock were exchanged, compared to its average volume of 18,263,623. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of -11.96 and a beta of 2.33. The business’s 50 day moving average price is $7.88 and its 200 day moving average price is $6.29. Joby Aviation, Inc. has a twelve month low of $4.50 and a twelve month high of $10.72.

Joby Aviation (NYSE:JOBY) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.02). The business had revenue of $0.28 million for the quarter, compared to analyst estimates of $0.06 million. Joby Aviation had a negative return on equity of 51.76% and a negative net margin of 42,844.57%. During the same period in the prior year, the company posted ($0.13) earnings per share. Equities research analysts forecast that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 price objective on shares of Joby Aviation in a report on Monday, September 30th. JPMorgan Chase & Co. downgraded shares of Joby Aviation from a “neutral” rating to an “underweight” rating and boosted their price target for the stock from $5.00 to $6.00 in a research note on Friday, January 10th. 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 research note on Wednesday, January 8th. Needham & Company LLC boosted their target price on Joby Aviation from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $9.00 price target on shares of Joby Aviation in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.30.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Yarbrough Capital LLC purchased a new stake in Joby Aviation in the fourth quarter valued at $1,362,000. Bouvel Investment Partners LLC lifted its holdings 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 purchasing an additional 1,715 shares during the last quarter. Hamilton Lane Advisors LLC purchased a new stake in shares of Joby Aviation in the 4th quarter valued at about $418,000. Salem Investment Counselors Inc. boosted its position in shares of Joby Aviation by 5,000.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company’s stock valued at $41,000 after purchasing an additional 5,000 shares during the period. Finally, Watts Gwilliam & Co. LLC purchased a new position in Joby Aviation during the 4th quarter worth approximately $154,000. Institutional investors and hedge funds own 52.85% of the company’s stock.

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.