Joeben Bevirt Sells 507,182 Shares of Joby Aviation (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt sold 507,182 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $9.91, for a total transaction of $5,026,173.62. Following the completion of the transaction, the chief executive officer owned 31,876,802 shares of the company’s stock, valued at $315,899,107.82. This trade represents a 1.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Tuesday, February 17th, Joeben Bevirt sold 63,636 shares of Joby Aviation stock. The shares were sold at an average price of $9.91, for a total value of $630,632.76.
• On Friday, February 13th, Joeben Bevirt sold 14,456 shares of Joby Aviation stock. The stock was sold at an average price of $9.88, for a total value of $142,825.28.
• On Tuesday, February 10th, Joeben Bevirt sold 1,590 shares of Joby Aviation stock. The shares were sold at an average price of $10.55, for a total value of $16,774.50.
• On Monday, February 9th, Joeben Bevirt sold 507,182 shares of Joby Aviation stock. The stock was sold at an average price of $10.62, for a total value of $5,386,272.84.
• On Tuesday, January 13th, Joeben Bevirt sold 1,630 shares of Joby Aviation stock. The shares were sold at an average price of $14.83, for a total value of $24,172.90.
• On Friday, January 2nd, Joeben Bevirt sold 23,552 shares of Joby Aviation stock. The stock was sold at an average price of $13.51, for a total transaction of $318,187.52.

Joby Aviation Stock Performance

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

Hedge Funds Weigh In On Joby Aviation

Large investors have recently made changes to their positions in the business. Abel Hall LLC lifted its position in shares of Joby Aviation by 72.9% in the fourth quarter. Abel Hall LLC now owns 18,109 shares of the company’s stock worth $239,000 after purchasing an additional 7,635 shares in the last quarter. Cetera Investment Advisers lifted its position in Joby Aviation by 24.4% in the 4th quarter. Cetera Investment Advisers now owns 284,484 shares of the company’s stock worth $3,755,000 after buying an additional 55,880 shares in the last quarter. Jump Financial LLC purchased a new stake in Joby Aviation in the 4th quarter worth approximately $1,390,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Joby Aviation by 80.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,384,180 shares of the company’s stock valued at $44,672,000 after buying an additional 1,512,094 shares during the period. Finally, Ghisallo Capital Management LLC purchased a new position in shares of Joby Aviation during the 4th quarter valued at $3,960,000. Institutional investors and hedge funds own 52.85% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on JOBY shares. The Goldman Sachs Group initiated coverage on Joby Aviation in a research report on Monday, December 1st. They issued a “sell” rating and a $10.00 target price for the company. Zacks Research raised Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. HC Wainwright reiterated a “neutral” rating on shares of Joby Aviation in a report on Monday, November 24th. Canaccord Genuity Group reissued a “hold” rating and set a $15.50 target price on shares of Joby Aviation in a research note on Tuesday, February 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Joby Aviation in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $13.21.

About Joby Aviation

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.