Joby Aviation, Inc. (NYSE:JOBY) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its holdings in shares of Joby Aviation, Inc. (NYSE:JOBYFree Report) by 4.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,715 shares of the company’s stock after purchasing an additional 4,445 shares during the period. Janney Montgomery Scott LLC’s holdings in Joby Aviation were worth $730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Sittner & Nelson LLC lifted its holdings in shares of Joby Aviation by 100.0% in the 3rd quarter. Sittner & Nelson LLC now owns 4,000 shares of the company’s stock valued at $26,000 after buying an additional 2,000 shares during the period. Prime Capital Investment Advisors LLC lifted its holdings in Joby Aviation by 18.1% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 20,317 shares of the company’s stock valued at $135,000 after acquiring an additional 3,120 shares during the period. Arizona State Retirement System boosted its position in Joby Aviation by 11.7% in the 3rd quarter. Arizona State Retirement System now owns 49,292 shares of the company’s stock worth $318,000 after purchasing an additional 5,153 shares in the last quarter. Cookson Peirce & Co. Inc. grew its stake in shares of Joby Aviation by 3.9% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 150,393 shares of the company’s stock worth $1,000,000 after purchasing an additional 5,704 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Joby Aviation by 21.3% in the third quarter. Principal Financial Group Inc. now owns 37,272 shares of the company’s stock valued at $240,000 after buying an additional 6,555 shares in the last quarter. 45.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upgraded Joby Aviation from an “underweight” rating to a “neutral” rating and set a $5.00 price objective for the company in a research report on Friday, May 3rd. One analyst has rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $7.67.

Get Our Latest Research Report on Joby Aviation

Joby Aviation Stock Up 1.2 %

Shares of JOBY opened at $4.87 on Friday. The firm’s fifty day moving average is $5.00 and its two-hundred day moving average is $5.63. The stock has a market cap of $3.45 billion, a PE ratio of -6.41 and a beta of 2.04. Joby Aviation, Inc. has a 52-week low of $4.50 and a 52-week high of $11.98.

Joby Aviation (NYSE:JOBYGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.03. The company had revenue of $0.03 million during the quarter, compared to analyst estimates of $0.05 million. During the same period in the prior year, the business posted ($0.16) EPS. Joby Aviation’s revenue for the quarter was down 97.5% compared to the same quarter last year. As a group, research analysts anticipate that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Insiders Place Their Bets

In other Joby Aviation news, CEO Joeben Bevirt sold 5,448 shares of Joby Aviation stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $4.64, for a total value of $25,278.72. Following the sale, the chief executive officer now owns 662,605 shares in the company, valued at $3,074,487.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Paul Cahill Sciarra sold 202,080 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $5.07, for a total transaction of $1,024,545.60. Following the sale, the director now owns 59,994,725 shares of the company’s stock, valued at $304,173,255.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joeben Bevirt sold 5,448 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $4.64, for a total transaction of $25,278.72. Following the sale, the chief executive officer now owns 662,605 shares in the company, valued at $3,074,487.20. The disclosure for this sale can be found here. Insiders have sold 549,920 shares of company stock valued at $2,803,183 over the last ninety days. Company insiders own 32.40% of the company’s stock.

About Joby Aviation

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Joby Aviation (NYSE:JOBY)

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