Joby Aviation, Inc. (NYSE:JOBY – Get Free Report) CFO Rodrigo Brumana sold 8,898 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $6.89, for a total transaction of $61,307.22. Following the completion of the sale, the chief financial officer directly owned 110,831 shares of the company’s stock, valued at approximately $763,625.59. This represents a 7.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Rodrigo Brumana also recently made the following trade(s):
- On Wednesday, September 2nd, Rodrigo Brumana sold 37,831 shares of Joby Aviation stock. The shares were sold at an average price of $6.77, for a total transaction of $256,115.87.
- On Thursday, July 2nd, Rodrigo Brumana sold 2,601 shares of Joby Aviation stock. The shares were sold at an average price of $8.92, for a total transaction of $23,200.92.
Joby Aviation Price Performance
NYSE:JOBY traded up $0.05 during midday trading on Thursday, hitting $6.87. 29,530,435 shares of the stock were exchanged, compared to its average volume of 32,078,582. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of -6.94 and a beta of 2.68. The company has a current ratio of 17.98, a quick ratio of 17.98 and a debt-to-equity ratio of 0.40. Joby Aviation, Inc. has a one year low of $6.61 and a one year high of $19.98. The business has a 50-day moving average price of $7.77 and a two-hundred day moving average price of $9.01.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Canaccord Genuity Group lowered their target price on Joby Aviation from $15.50 to $11.50 and set a “hold” rating on the stock in a report on Thursday, May 7th. Susquehanna set a $18.00 price objective on shares of Joby Aviation in a research report on Thursday, August 6th. HC Wainwright reaffirmed a “buy” rating on shares of Joby Aviation in a research note on Thursday, August 6th. Weiss Ratings upgraded shares of Joby Aviation from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. Finally, Wall Street Zen downgraded shares of Joby Aviation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $13.81.
Check Out Our Latest Report on Joby Aviation
Institutional Trading of Joby Aviation
Large investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its holdings in shares of Joby Aviation by 207.4% in the fourth quarter. Fifth Third Bancorp now owns 1,998 shares of the company’s stock valued at $26,000 after purchasing an additional 1,348 shares in the last quarter. Ancora Advisors LLC acquired a new position in shares of Joby Aviation in the 2nd quarter valued at about $27,000. EverSource Wealth Advisors LLC increased its holdings in shares of Joby Aviation by 284.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock valued at $27,000 after purchasing an additional 1,880 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Joby Aviation in the fourth quarter worth approximately $28,000. Finally, Pandora Wealth Inc. acquired a new stake in shares of Joby Aviation during the fourth quarter worth approximately $32,000. 52.85% of the stock is owned by institutional investors and hedge funds.
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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