Joby Aviation, Inc. (NYSE:JOBY – Get Free Report) CEO Joeben Bevirt sold 15,823 shares of Joby Aviation stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $8.15, for a total transaction of $128,957.45. Following the transaction, the chief executive officer directly owned 263,862 shares of the company’s stock, valued at approximately $2,150,475.30. This trade represents a 5.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Joeben Bevirt also recently made the following trade(s):
- On Tuesday, March 10th, Joeben Bevirt sold 3,238 shares of Joby Aviation stock. The stock was sold at an average price of $10.25, for a total transaction of $33,189.50.
- On Tuesday, February 17th, Joeben Bevirt sold 507,182 shares of Joby Aviation stock. The shares were sold at an average price of $9.91, for a total transaction of $5,026,173.62.
- On Tuesday, February 17th, Joeben Bevirt sold 63,636 shares of Joby Aviation stock. The shares were sold at an average price of $9.91, for a total transaction of $630,632.76.
- On Friday, February 13th, Joeben Bevirt sold 14,456 shares of Joby Aviation stock. The stock was sold at an average price of $9.88, for a total value of $142,825.28.
- On Tuesday, February 10th, Joeben Bevirt sold 1,590 shares of Joby Aviation stock. The stock was sold at an average price of $10.55, for a total value of $16,774.50.
- On Monday, February 9th, Joeben Bevirt sold 507,182 shares of Joby Aviation stock. The shares were sold at an average price of $10.62, for a total value of $5,386,272.84.
- On Tuesday, January 13th, Joeben Bevirt sold 1,630 shares of Joby Aviation stock. The shares were sold at an average price of $14.83, for a total value of $24,172.90.
Joby Aviation Trading Down 0.0%
Joby Aviation stock opened at $8.50 on Friday. The business’s fifty day simple moving average is $9.92 and its two-hundred day simple moving average is $13.42. Joby Aviation, Inc. has a 12 month low of $4.96 and a 12 month high of $20.95. The company has a market capitalization of $7.75 billion, a price-to-earnings ratio of -7.45 and a beta of 2.68.
Analyst Ratings Changes
Several research analysts have issued reports on the stock. Oppenheimer set a $18.00 target price on shares of Joby Aviation in a report on Thursday, February 26th. JPMorgan Chase & Co. cut their price target on shares of Joby Aviation from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Thursday, February 26th. Needham & Company LLC reduced their price target on shares of Joby Aviation to $18.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Canaccord Genuity Group restated a “hold” rating and issued a $15.50 price objective on shares of Joby Aviation in a report on Tuesday, February 3rd. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Joby Aviation in a research report on Thursday, March 12th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $13.81.
Check Out Our Latest Stock Analysis on Joby Aviation
Hedge Funds Weigh In On Joby Aviation
A number of hedge funds have recently bought and sold shares of the business. Sowell Financial Services LLC bought a new position in Joby Aviation during the third quarter valued at approximately $663,000. Pier 88 Investment Partners LLC bought a new stake in Joby Aviation in the 3rd quarter worth approximately $635,000. Voya Investment Management LLC raised its stake in Joby Aviation by 20.0% during the 3rd quarter. Voya Investment Management LLC now owns 1,150,050 shares of the company’s stock valued at $18,562,000 after buying an additional 192,064 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in shares of Joby Aviation during the 2nd quarter valued at $461,000. Finally, Udine Wealth Management Inc. bought a new position in shares of Joby Aviation during the 3rd quarter valued at $1,414,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.
Joby Aviation Company Profile
Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company’s core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby’s eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.
The company’s flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.
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