Insider Selling: Joby Aviation, Inc. (NYSE:JOBY) Insider Sells 19,393 Shares of Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Eric Allison sold 19,393 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $4.70, for a total transaction of $91,147.10. Following the transaction, the insider now directly owns 422,592 shares of the company’s stock, valued at $1,986,182.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Eric Allison also recently made the following trade(s):

• On Thursday, April 18th, Eric Allison sold 2,467 shares of Joby Aviation stock. The stock was sold at an average price of $4.64, for a total transaction of $11,446.88.

Joby Aviation Price Performance

NYSE JOBY opened at $4.58 on Friday. Joby Aviation, Inc. has a 52-week low of $3.72 and a 52-week high of $11.98. The firm has a 50-day moving average price of $5.34 and a 200 day moving average price of $5.82.

Joby Aviation (NYSE:JOBY) last issued its earnings results on Wednesday, February 21st. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. The company had revenue of $1.03 million during the quarter, compared to analysts’ expectations of $1.50 million. During the same period last year, the business posted ($0.14) earnings per share. On average, analysts predict that Joby Aviation, Inc. will post -0.72 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JOBY. 8VC GP I LLC purchased a new position in Joby Aviation in the fourth quarter valued at about $95,727,000. Vanguard Group Inc. increased its holdings in Joby Aviation by 114.5% in the first quarter. Vanguard Group Inc. now owns 14,405,592 shares of the company’s stock valued at $95,365,000 after buying an additional 7,691,093 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of Joby Aviation by 10.3% during the 4th quarter. Baillie Gifford & Co. now owns 56,320,441 shares of the company’s stock worth $374,531,000 after purchasing an additional 5,267,436 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Joby Aviation during the 1st quarter worth approximately $16,408,000. Finally, State Street Corp increased its stake in shares of Joby Aviation by 37.5% during the 2nd quarter. State Street Corp now owns 6,752,316 shares of the company’s stock worth $33,154,000 after purchasing an additional 1,840,567 shares in the last quarter. 45.54% of the stock is owned by hedge funds and other institutional investors.

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.