Joby Aviation (NYSE:JOBY) Insider Sells $41,347.20 in Stock

Joby Aviation, Inc. (NYSE:JOBYGet Free Report) insider Gregory Bowles sold 4,720 shares of Joby Aviation stock in a transaction on Monday, April 6th. The shares were sold at an average price of $8.76, for a total value of $41,347.20. Following the transaction, the insider owned 178,470 shares in the company, valued at $1,563,397.20. This trade represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Gregory Bowles also recently made the following trade(s):

  • On Wednesday, March 11th, Gregory Bowles sold 1,075 shares of Joby Aviation stock. The shares were sold at an average price of $9.90, for a total value of $10,642.50.
  • On Tuesday, March 10th, Gregory Bowles sold 1,172 shares of Joby Aviation stock. The shares were sold at an average price of $10.25, for a total value of $12,013.00.
  • On Tuesday, February 24th, Gregory Bowles sold 11,530 shares of Joby Aviation stock. The shares were sold at an average price of $9.62, for a total value of $110,918.60.
  • On Monday, February 23rd, Gregory Bowles sold 3,551 shares of Joby Aviation stock. The shares were sold at an average price of $9.57, for a total value of $33,983.07.
  • On Friday, February 13th, Gregory Bowles sold 4,464 shares of Joby Aviation stock. The shares were sold at an average price of $9.88, for a total value of $44,104.32.
  • On Tuesday, February 10th, Gregory Bowles sold 816 shares of Joby Aviation stock. The shares were sold at an average price of $10.55, for a total value of $8,608.80.
  • On Wednesday, January 14th, Gregory Bowles sold 5,383 shares of Joby Aviation stock. The shares were sold at an average price of $14.72, for a total value of $79,237.76.
  • On Tuesday, January 13th, Gregory Bowles sold 894 shares of Joby Aviation stock. The shares were sold at an average price of $14.83, for a total value of $13,258.02.

Joby Aviation Stock Down 3.8%

NYSE:JOBY traded down $0.33 on Tuesday, reaching $8.37. 19,505,770 shares of the company’s stock traded hands, compared to its average volume of 27,114,582. The stock has a 50-day simple moving average of $9.83 and a 200-day simple moving average of $13.38. The firm has a market cap of $7.63 billion, a PE ratio of -7.34 and a beta of 2.68. Joby Aviation, Inc. has a 12 month low of $5.26 and a 12 month high of $20.95.

Joby Aviation (NYSE:JOBYGet Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. The business had revenue of $30.84 million for the quarter, compared to the consensus estimate of $16.88 million. Joby Aviation’s revenue was up 5506.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.34) earnings per share. On average, equities analysts anticipate that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on JOBY shares. JPMorgan Chase & Co. decreased their price target on Joby Aviation from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Joby Aviation in a report on Thursday, January 22nd. HC Wainwright reaffirmed a “buy” rating and issued a $18.00 target price on shares of Joby Aviation in a report on Thursday, March 12th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $15.50 target price on shares of Joby Aviation in a report on Tuesday, February 3rd. Finally, Oppenheimer set a $18.00 target price on Joby Aviation in a report on Thursday, February 26th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $13.81.

Get Our Latest Report on Joby Aviation

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Joby Aviation by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 52,488,707 shares of the company’s stock worth $692,851,000 after acquiring an additional 2,540,382 shares in the last quarter. Geode Capital Management LLC grew its position in Joby Aviation by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 11,790,532 shares of the company’s stock worth $155,671,000 after acquiring an additional 390,794 shares in the last quarter. State Street Corp grew its position in Joby Aviation by 5.0% in the fourth quarter. State Street Corp now owns 10,812,929 shares of the company’s stock worth $142,731,000 after acquiring an additional 512,129 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Joby Aviation by 6.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,370,983 shares of the company’s stock worth $57,697,000 after acquiring an additional 271,475 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Joby Aviation by 41.2% in the third quarter. Bank of America Corp DE now owns 4,192,109 shares of the company’s stock worth $67,661,000 after acquiring an additional 1,223,412 shares in the last quarter. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Joby Aviation News Summary

Here are the key news stories impacting Joby Aviation this week:

Joby Aviation Company Profile

(Get Free Report)

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company’s core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby’s eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company’s flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.

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Insider Buying and Selling by Quarter for Joby Aviation (NYSE:JOBY)

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