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

Joby Aviation, Inc. (NYSE:JOBY) insider Gregory Bowles sold 3,442 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $6.81, for a total transaction of $23,440.02. Following the sale, the insider now owns 36,949 shares in the company, valued at $251,622.69. This represents a 8.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Joby Aviation Price Performance

Shares of JOBY stock opened at $6.50 on Wednesday. The company has a market capitalization of $4.97 billion, a P/E ratio of -9.28 and a beta of 2.33. The company’s 50-day simple moving average is $8.19 and its two-hundred day simple moving average is $6.71. Joby Aviation, Inc. has a one year low of $4.50 and a one year high of $10.72.

Hedge Funds Weigh In On Joby Aviation

A number of hedge funds have recently added to or reduced their stakes in the stock. Bouvel Investment Partners LLC grew its stake in Joby Aviation by 1.4% in the 4th quarter. Bouvel Investment Partners LLC now owns 123,862 shares of the company’s stock worth $1,007,000 after acquiring an additional 1,715 shares in the last quarter. NewEdge Advisors LLC grew its stake in Joby Aviation by 9.9% in the 4th quarter. NewEdge Advisors LLC now owns 21,505 shares of the company’s stock worth $175,000 after acquiring an additional 1,935 shares in the last quarter. Gallagher Fiduciary Advisors LLC grew its stake in Joby Aviation by 3.1% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 66,800 shares of the company’s stock worth $543,000 after acquiring an additional 2,000 shares in the last quarter. Private Advisor Group LLC grew its stake in Joby Aviation by 6.6% in the 4th quarter. Private Advisor Group LLC now owns 36,774 shares of the company’s stock worth $299,000 after acquiring an additional 2,261 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in Joby Aviation by 35.3% in the 4th quarter. Larson Financial Group LLC now owns 9,864 shares of the company’s stock worth $80,000 after acquiring an additional 2,574 shares in the last quarter. 52.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

JOBY has been the topic of several recent research reports. Canaccord Genuity Group upped their target price on shares of Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Needham & Company LLC upped their price target 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. JPMorgan Chase & Co. downgraded shares of Joby Aviation from a “neutral” rating to an “underweight” rating and upped their price target for the company from $5.00 to $6.00 in a report on Friday, January 10th. Finally, HC Wainwright reiterated a “buy” rating and set 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 assigned a buy rating to the stock. According to MarketBeat, Joby Aviation has an average rating of “Moderate Buy” and a consensus target price of $9.30.

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.