Joby Aviation (NYSE:JOBY) Insider Sells $85,481.76 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Bonny Simi sold 8,652 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $9.88, for a total transaction of $85,481.76. Following the transaction, the insider directly owned 144,443 shares in the company, valued at approximately $1,427,096.84. The trade was a 5.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Joby Aviation Price Performance

Shares of JOBY traded up $0.08 during midday trading on Tuesday, reaching $9.98. The stock had a trading volume of 15,713,523 shares, compared to its average volume of 30,759,029. Joby Aviation, Inc. has a 52 week low of $4.96 and a 52 week high of $20.95. The firm’s 50 day moving average price is $13.30 and its 200-day moving average price is $14.77. The company has a market capitalization of $9.10 billion, a P/E ratio of -7.45 and a beta of 2.57.

Analyst Ratings Changes

A number of analysts recently weighed in on JOBY shares. The Goldman Sachs Group began coverage on shares of Joby Aviation in a research note on Monday, December 1st. They issued a “sell” rating and a $10.00 target price on the stock. Canaccord Genuity Group restated a “hold” rating and issued a $15.50 price objective on shares of Joby Aviation in a research report on Tuesday, February 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 price target on shares of Joby Aviation in a research note on Thursday, November 6th. Zacks Research upgraded Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, HC Wainwright reiterated a “neutral” rating on shares of Joby Aviation in a research report on Monday, November 24th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Joby Aviation presently has a consensus rating of “Reduce” and an average target price of $13.21.

Institutional Investors Weigh In On Joby Aviation

Large investors have recently bought and sold shares of the company. Asset Planning Inc lifted its position in Joby Aviation by 70.0% during the 3rd quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock worth $27,000 after buying an additional 700 shares in the last quarter. Strategic Advocates LLC acquired a new stake in shares of Joby Aviation in the third quarter valued at about $29,000. Canton Hathaway LLC bought a new stake in Joby Aviation during the third quarter worth about $29,000. Fifth Third Bancorp boosted its position in Joby Aviation by 207.4% during the fourth quarter. Fifth Third Bancorp now owns 1,998 shares of the company’s stock valued at $26,000 after purchasing an additional 1,348 shares during the last quarter. Finally, Hilltop National Bank acquired a new position in Joby Aviation during the third quarter valued at approximately $32,000. Institutional investors own 52.85% of the company’s stock.

Joby Aviation Company Profile

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.