Insider Selling: Joby Aviation (NYSE:JOBY) Insider Sells $96,972.20 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Eric Allison sold 9,815 shares of Joby Aviation stock in a transaction on Friday, February 13th. The stock was sold at an average price of $9.88, for a total transaction of $96,972.20. Following the completion of the transaction, the insider directly owned 713,268 shares in the company, valued at $7,047,087.84. This represents a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Eric Allison also recently made the following trade(s):

• On Tuesday, February 10th, Eric Allison sold 1,526 shares of Joby Aviation stock. The shares were sold at an average price of $10.55, for a total value of $16,099.30.
• On Tuesday, January 13th, Eric Allison sold 21,493 shares of Joby Aviation stock. The stock was sold at an average price of $14.84, for a total value of $318,956.12.
• On Friday, January 2nd, Eric Allison sold 5,447 shares of Joby Aviation stock. The stock was sold at an average price of $13.51, for a total value of $73,588.97.
• On Tuesday, December 30th, Eric Allison sold 32,448 shares of Joby Aviation stock. The stock was sold at an average price of $13.25, for a total value of $429,936.00.

Joby Aviation Stock Up 1.8%

JOBY opened at $10.28 on Friday. The company has a market cap of $9.37 billion, a P/E ratio of -7.67 and a beta of 2.57. The firm’s 50-day moving average price is $13.10 and its 200-day moving average price is $14.71. Joby Aviation, Inc. has a 52-week low of $4.96 and a 52-week high of $20.95.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Invesco Ltd. boosted its position in Joby Aviation by 33.3% in the 4th quarter. Invesco Ltd. now owns 1,205,957 shares of the company’s stock worth $15,919,000 after purchasing an additional 301,335 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of Joby Aviation by 58.9% in the 4th quarter. Axxcess Wealth Management LLC now owns 19,400 shares of the company’s stock valued at $256,000 after purchasing an additional 7,188 shares during the period. Corient Private Wealth LLC grew its position in Joby Aviation by 244.0% during the fourth quarter. Corient Private Wealth LLC now owns 99,396 shares of the company’s stock valued at $1,312,000 after buying an additional 70,502 shares during the period. Strive Financial Group LLC purchased a new stake in shares of Joby Aviation during the 4th quarter worth about $72,000. Finally, Vident Advisory LLC grew its position in shares of Joby Aviation by 25.2% during the 4th quarter. Vident Advisory LLC now owns 18,110 shares of the company’s stock valued at $239,000 after acquiring an additional 3,642 shares during the period. 52.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

JOBY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Joby Aviation from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Friday, October 31st. Needham & Company LLC reiterated 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 raised Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Joby Aviation in a report on Thursday, January 22nd. 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 assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $13.21.

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.