Joby Aviation, Inc. (NYSE:JOBY) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its holdings in shares of Joby Aviation, Inc. (NYSE:JOBY) by 15.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,043 shares of the company’s stock after selling 13,525 shares during the quarter. Raymond James & Associates’ holdings in Joby Aviation were worth $780,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. FMR LLC boosted its holdings in shares of Joby Aviation by 60.7% during the first quarter. FMR LLC now owns 6,065 shares of the company’s stock worth $26,000 after purchasing an additional 2,290 shares during the last quarter. CWM LLC raised its position in shares of Joby Aviation by 78.4% in the 1st quarter. CWM LLC now owns 8,301 shares of the company’s stock worth $36,000 after buying an additional 3,649 shares during the period. Cahaba Wealth Management Inc. purchased a new position in shares of Joby Aviation in the 1st quarter worth $43,000. Independent Advisor Alliance purchased a new position in shares of Joby Aviation in the 1st quarter worth $44,000. Finally, Prelude Capital Management LLC purchased a new position in shares of Joby Aviation in the 1st quarter worth $69,000. Institutional investors and hedge funds own 36.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on JOBY shares. Cantor Fitzgerald increased their target price on Joby Aviation from $9.00 to $10.00 in a research report on Thursday, August 3rd. JPMorgan Chase & Co. lowered Joby Aviation from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $5.00 to $6.00 in a research report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $7.08.

Insider Buying and Selling at Joby Aviation

In other Joby Aviation news, insider Didier Papadopoulos sold 5,968 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $6.72, for a total value of $40,104.96. Following the transaction, the insider now directly owns 5,673 shares of the company’s stock, valued at $38,122.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Kate Dehoff sold 5,637 shares of Joby Aviation stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $6.13, for a total value of $34,554.81. Following the completion of the transaction, the insider now directly owns 165,550 shares in the company, valued at $1,014,821.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Didier Papadopoulos sold 5,968 shares of Joby Aviation stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $6.72, for a total value of $40,104.96. Following the completion of the transaction, the insider now owns 5,673 shares of the company’s stock, valued at $38,122.56. The disclosure for this sale can be found here. Insiders have sold 270,250 shares of company stock valued at $1,688,503 over the last three months. 49.50% of the stock is owned by company insiders.

Joby Aviation Price Performance

NYSE:JOBY opened at $6.24 on Monday. The business’s 50-day moving average is $6.45 and its two-hundred day moving average is $6.78. Joby Aviation, Inc. has a 12 month low of $3.15 and a 12 month high of $11.98. The firm has a market capitalization of $4.33 billion, a PE ratio of -8.32 and a beta of 2.17.

About Joby Aviation

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.