Joby Aviation, Inc. (NYSE:JOBY – Get Free Report) insider Eric Allison sold 27,698 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $8.20, for a total value of $227,123.60. Following the completion of the sale, the insider owned 750,852 shares of the company’s stock, valued at $6,156,986.40. This trade represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Eric Allison also recently made the following trade(s):
- On Wednesday, April 8th, Eric Allison sold 826 shares of Joby Aviation stock. The shares were sold at an average price of $8.87, for a total value of $7,326.62.
- On Tuesday, March 10th, Eric Allison sold 2,351 shares of Joby Aviation stock. The stock was sold at an average price of $10.25, for a total value of $24,097.75.
- On Friday, February 13th, Eric Allison sold 9,815 shares of Joby Aviation stock. The stock was sold at an average price of $9.88, for a total transaction of $96,972.20.
- 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 transaction of $16,099.30.
Joby Aviation Stock Up 3.3%
Shares of NYSE:JOBY traded up $0.28 on Tuesday, reaching $8.80. 20,392,352 shares of the company’s stock were exchanged, compared to its average volume of 26,519,480. The business’s 50-day moving average is $9.49 and its two-hundred day moving average is $13.10. Joby Aviation, Inc. has a fifty-two week low of $5.61 and a fifty-two week high of $20.95. The firm has a market capitalization of $8.02 billion, a price-to-earnings ratio of -7.72 and a beta of 2.68.
Analyst Ratings Changes
A number of analysts have recently weighed in on JOBY shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a research report on Thursday, January 22nd. Canaccord Genuity Group restated a “hold” rating and set a $15.50 price objective on shares of Joby Aviation in a research note on Tuesday, February 3rd. HC Wainwright reaffirmed a “buy” rating and issued a $18.00 target price on shares of Joby Aviation in a research report on Thursday, March 12th. Needham & Company LLC cut their target price on Joby Aviation to $18.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Finally, Oppenheimer set a $18.00 price target on shares of Joby Aviation in a report on Thursday, February 26th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $13.81.
Read Our Latest Research Report on JOBY
Institutional Trading of Joby Aviation
A number of hedge funds and other institutional investors have recently made changes to their positions in JOBY. Fifth Third Bancorp lifted its stake in shares of Joby Aviation by 207.4% in the 4th quarter. Fifth Third Bancorp now owns 1,998 shares of the company’s stock worth $26,000 after acquiring an additional 1,348 shares during the period. Asset Planning Inc raised its holdings in Joby Aviation by 70.0% during the third quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock worth $27,000 after purchasing an additional 700 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Joby Aviation by 284.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock worth $27,000 after purchasing an additional 1,880 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Joby Aviation in the fourth quarter worth approximately $28,000. Finally, Canton Hathaway LLC acquired a new stake in Joby Aviation in the third quarter worth approximately $29,000. 52.85% of the stock is currently owned by institutional investors.
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.
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