Joby Aviation, Inc. (NYSE:JOBY) Insider Bonny W. Simi Sells 8,272 Shares

Joby Aviation, Inc. (NYSE:JOBY) insider Bonny W. Simi sold 8,272 shares of Joby Aviation stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $9.82, for a total transaction of $81,231.04. Following the sale, the insider owned 211,397 shares in the company, valued at approximately $2,075,918.54. The trade was a 3.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Joby Aviation Stock Up 3.7%

Joby Aviation stock opened at $10.17 on Thursday. Joby Aviation, Inc. has a twelve month low of $4.66 and a twelve month high of $11.16. The company’s 50-day moving average price is $7.81 and its 200-day moving average price is $7.46. The company has a market cap of $8.05 billion, a PE ratio of -12.11 and a beta of 2.47.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.07. Joby Aviation had a negative return on equity of 63.27% and a negative net margin of 447,083.78%. During the same quarter in the prior year, the firm earned ($0.14) EPS. As a group, sell-side analysts expect that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. HC Wainwright reaffirmed a “buy” rating and set a $13.00 target price (up from $9.00) on shares of Joby Aviation in a research note on Monday, June 9th. Morgan Stanley restated an “equal weight” rating and set a $7.00 price objective (down previously from $10.00) on shares of Joby Aviation in a research report on Friday, April 11th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $9.00 target price on shares of Joby Aviation in a report on Monday, June 23rd. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $12.00 price target on shares of Joby Aviation in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Joby Aviation presently has an average rating of “Hold” and an average price target of $9.33.

Institutional Trading of Joby Aviation

Several institutional investors have recently added to or reduced their stakes in JOBY. Toyota Motor Corp bought a new stake in shares of Joby Aviation during the 4th quarter worth approximately $640,259,000. Vanguard Group Inc. raised its position in Joby Aviation by 15.8% during the 4th quarter. Vanguard Group Inc. now owns 46,760,562 shares of the company’s stock valued at $380,163,000 after purchasing an additional 6,388,232 shares in the last quarter. Uber Technologies Inc bought a new position in shares of Joby Aviation during the 4th quarter worth $207,842,000. Geode Capital Management LLC boosted its stake in shares of Joby Aviation by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 10,208,358 shares of the company’s stock valued at $83,015,000 after purchasing an additional 817,638 shares in the last quarter. Finally, Rheos Capital Works Inc. boosted its stake in shares of Joby Aviation by 89.4% during the first quarter. Rheos Capital Works Inc. now owns 4,555,000 shares of the company’s stock valued at $27,421,000 after purchasing an additional 2,150,000 shares in the last quarter. Institutional investors own 52.85% of the company’s stock.

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.