Gregory Bowles Sells 3,442 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Gregory Bowles sold 3,442 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $6.81, for a total value of $23,440.02. Following the sale, the insider now directly owns 36,949 shares in the company, valued at $251,622.69. This trade represents a 8.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Joby Aviation Stock Up 2.5 %

JOBY opened at $6.67 on Thursday. The firm has a market cap of $5.10 billion, a P/E ratio of -9.52 and a beta of 2.33. The business’s fifty day simple moving average is $8.17 and its 200 day simple moving average is $6.71. Joby Aviation, Inc. has a 52 week low of $4.50 and a 52 week high of $10.72.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on JOBY. Canaccord Genuity Group lifted their price objective on Joby Aviation from $9.75 to $11.50 and gave the stock a “buy” rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. lowered shares of Joby Aviation from a “neutral” rating to an “underweight” rating and boosted their price objective for the stock from $5.00 to $6.00 in a research report on Friday, January 10th. Needham & Company LLC raised their target price on shares of Joby Aviation from $8.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $9.00 price target on shares of Joby Aviation in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.30.

Institutional Investors Weigh In On Joby Aviation

Several hedge funds have recently modified their holdings of the company. Larson Financial Group LLC raised its position in shares of Joby Aviation by 218.3% in the third quarter. Larson Financial Group LLC now owns 7,290 shares of the company’s stock valued at $37,000 after buying an additional 5,000 shares during the last quarter. Whittier Trust Co. acquired a new position in Joby Aviation in the 4th quarter valued at $38,000. Salem Investment Counselors Inc. lifted its stake in shares of Joby Aviation by 5,000.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company’s stock worth $41,000 after purchasing an additional 5,000 shares during the period. Compagnie Lombard Odier SCmA acquired a new stake in shares of Joby Aviation during the fourth quarter worth $41,000. Finally, Toronto Dominion Bank purchased a new stake in shares of Joby Aviation in the fourth quarter valued at $41,000. 52.85% of the stock is owned by institutional investors and hedge funds.

Joby Aviation Company Profile

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.