Joby Aviation (NYSE:JOBY) Stock Price Down 3.4%

Joby Aviation, Inc. (NYSE:JOBY) shares traded down 3.4% during trading on Monday . The stock traded as low as $5.14 and last traded at $5.17. 3,037,558 shares changed hands during trading, a decline of 38% from the average session volume of 4,881,404 shares. The stock had previously closed at $5.35.

Joby Aviation Price Performance

The business’s 50-day moving average is $5.14 and its two-hundred day moving average is $5.74. The firm has a market cap of $3.67 billion, a P/E ratio of -6.69 and a beta of 2.07.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings data on Wednesday, February 21st. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.02. The company had revenue of $1.03 million during the quarter, compared to the consensus estimate of $1.50 million. During the same quarter in the previous year, the business earned ($0.14) EPS. Equities research analysts predict that Joby Aviation, Inc. will post -0.72 EPS for the current year.

Insiders Place Their Bets

In other Joby Aviation news, CEO Joeben Bevirt sold 5,448 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $4.64, for a total transaction of $25,278.72. Following the sale, the chief executive officer now directly owns 662,605 shares of the company’s stock, valued at $3,074,487.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Didier Papadopoulos sold 11,362 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $4.96, for a total transaction of $56,355.52. Following the transaction, the insider now directly owns 68,278 shares of the company’s stock, valued at approximately $338,658.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joeben Bevirt sold 5,448 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $4.64, for a total value of $25,278.72. Following the sale, the chief executive officer now directly owns 662,605 shares of the company’s stock, valued at approximately $3,074,487.20. The disclosure for this sale can be found here. Insiders have sold 550,832 shares of company stock valued at $2,822,382 in the last 90 days. 49.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Joby Aviation

Large investors have recently modified their holdings of the stock. Sittner & Nelson LLC grew its stake in Joby Aviation by 100.0% in the 3rd quarter. Sittner & Nelson LLC now owns 4,000 shares of the company’s stock valued at $26,000 after buying an additional 2,000 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Joby Aviation by 2.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 115,986 shares of the company’s stock valued at $748,000 after purchasing an additional 2,771 shares during the last quarter. Prime Capital Investment Advisors LLC increased its stake in shares of Joby Aviation by 18.1% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 20,317 shares of the company’s stock worth $135,000 after purchasing an additional 3,120 shares during the period. Janney Montgomery Scott LLC boosted its stake in Joby Aviation by 4.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 109,715 shares of the company’s stock valued at $730,000 after purchasing an additional 4,445 shares during the period. Finally, Arizona State Retirement System boosted its stake in Joby Aviation by 11.7% in the 3rd quarter. Arizona State Retirement System now owns 49,292 shares of the company’s stock valued at $318,000 after purchasing an additional 5,153 shares during the period. 45.54% of the stock is owned by institutional investors.

About Joby Aviation

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.