Joby Aviation, Inc. (NYSE:JOBY – Get Free Report) Director Paul Sciarra sold 62,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $6.68, for a total value of $417,500.00. Following the sale, the director directly owned 55,703,057 shares in the company, valued at approximately $372,096,420.76. The trade was a 0.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Paul Cahill Sciarra also recently made the following trade(s):
- On Thursday, August 13th, Paul Sciarra sold 62,500 shares of Joby Aviation stock. The stock was sold at an average price of $7.96, for a total value of $497,500.00.
Joby Aviation Price Performance
NYSE JOBY traded up $0.05 on Thursday, reaching $6.87. 29,530,435 shares of the stock traded hands, compared to its average volume of 32,078,582. The firm’s fifty day simple moving average is $7.77 and its 200 day simple moving average is $9.01. The company has a quick ratio of 17.98, a current ratio of 17.98 and a debt-to-equity ratio of 0.40. The company has a market cap of $6.80 billion, a price-to-earnings ratio of -6.94 and a beta of 2.68. Joby Aviation, Inc. has a 12 month low of $6.61 and a 12 month high of $19.98.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the stock. Weiss Ratings raised shares of Joby Aviation from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. Susquehanna set a $18.00 price objective on Joby Aviation in a research report on Thursday, August 6th. Canaccord Genuity Group reduced their price objective on Joby Aviation from $15.50 to $11.50 and set a “hold” rating for the company in a research note on Thursday, May 7th. HC Wainwright restated a “buy” rating on shares of Joby Aviation in a report on Thursday, August 6th. Finally, Barclays raised Joby Aviation to a “hold” rating in a research report on Wednesday, July 29th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $13.81.
View Our Latest Analysis on JOBY
Institutional Investors Weigh In On Joby Aviation
Large investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in Joby Aviation by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 11,790,532 shares of the company’s stock worth $155,671,000 after purchasing an additional 390,794 shares during the period. State Street Corp boosted its position in Joby Aviation by 5.0% during the 4th quarter. State Street Corp now owns 10,812,929 shares of the company’s stock worth $142,731,000 after acquiring an additional 512,129 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Joby Aviation by 6.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,370,983 shares of the company’s stock worth $57,697,000 after acquiring an additional 271,475 shares during the period. Bank of America Corp DE grew its stake in Joby Aviation by 41.2% during the 3rd quarter. Bank of America Corp DE now owns 4,192,109 shares of the company’s stock valued at $67,661,000 after acquiring an additional 1,223,412 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Joby Aviation by 194.5% during the 1st quarter. Renaissance Technologies LLC now owns 4,005,200 shares of the company’s stock valued at $33,083,000 after acquiring an additional 2,645,200 shares in the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.
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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