Joby Aviation, Inc. (NYSE:JOBY – Get Free Report) CFO Rodrigo Brumana sold 78,489 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $11.30, for a total transaction of $886,925.70. Following the completion of the sale, the chief financial officer owned 81,694 shares in the company, valued at $923,142.20. This represents a 49.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Rodrigo Brumana also recently made the following trade(s):
- On Wednesday, April 8th, Rodrigo Brumana sold 566 shares of Joby Aviation stock. The stock was sold at an average price of $8.87, for a total transaction of $5,020.42.
- On Tuesday, March 10th, Rodrigo Brumana sold 1,159 shares of Joby Aviation stock. The stock was sold at an average price of $10.25, for a total transaction of $11,879.75.
Joby Aviation Stock Down 4.4%
Shares of JOBY stock opened at $8.87 on Thursday. Joby Aviation, Inc. has a 12 month low of $7.75 and a 12 month high of $20.95. The stock has a market cap of $8.72 billion, a P/E ratio of -7.71 and a beta of 2.66. The company has a current ratio of 22.06, a quick ratio of 22.05 and a debt-to-equity ratio of 0.36. The company has a 50 day simple moving average of $9.76 and a two-hundred day simple moving average of $11.40.
Hedge Funds Weigh In On Joby Aviation
A number of hedge funds and other institutional investors have recently modified their holdings of JOBY. Fifth Third Bancorp boosted its position in shares of Joby Aviation by 207.4% during the fourth 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 last quarter. EverSource Wealth Advisors LLC boosted its position in shares of 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 acquiring an additional 1,880 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Joby Aviation during the fourth quarter worth $28,000. Strategic Advocates LLC bought a new position in shares of Joby Aviation during the third quarter worth $29,000. Finally, Pandora Wealth Inc. bought a new position in shares of Joby Aviation during the fourth quarter worth $32,000. Institutional investors own 52.85% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Joby Aviation from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Thursday, February 26th. Oppenheimer set a $18.00 price objective on shares of Joby Aviation in a research note on Thursday, February 26th. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price objective on shares of Joby Aviation in a research note on Wednesday, May 6th. Wall Street Zen raised shares of Joby Aviation from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 10th. Finally, HC Wainwright reissued a “buy” rating and issued a $18.00 price objective on shares of Joby Aviation in a research note on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $13.06.
Check Out Our Latest Research Report on JOBY
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.
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