Eric Allison Sells 2,467 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Eric Allison sold 2,467 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $4.64, for a total value of $11,446.88. Following the completion of the sale, the insider now directly owns 392,760 shares of the company’s stock, valued at $1,822,406.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Monday, April 15th, Eric Allison sold 19,393 shares of Joby Aviation stock. The stock was sold at an average price of $4.70, for a total value of $91,147.10.

Joby Aviation Trading Down 0.7 %

NYSE JOBY opened at $4.54 on Friday. Joby Aviation, Inc. has a twelve month low of $3.72 and a twelve month high of $11.98. The stock has a fifty day simple moving average of $5.31 and a 200-day simple moving average of $5.81.

Joby Aviation (NYSE:JOBY) last announced its earnings results on Wednesday, February 21st. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. The firm had revenue of $1.03 million for the quarter, compared to analysts’ expectations of $1.50 million. During the same quarter last year, the business earned ($0.14) earnings per share. As a group, equities research analysts expect that Joby Aviation, Inc. will post -0.72 earnings per share for the current year.

Hedge Funds Weigh In On Joby Aviation

A number of hedge funds and other institutional investors have recently bought and sold shares of JOBY. Harbour Investments Inc. boosted its stake in shares of Joby Aviation by 155.0% in the 2nd quarter. Harbour Investments Inc. now owns 2,468 shares of the company’s stock valued at $25,000 after buying an additional 1,500 shares during the period. Sittner & Nelson LLC increased its position in Joby Aviation by 100.0% during the third quarter. Sittner & Nelson LLC now owns 4,000 shares of the company’s stock worth $26,000 after buying an additional 2,000 shares during the period. PNC Financial Services Group Inc. increased its position in Joby Aviation by 254.2% during the second quarter. PNC Financial Services Group Inc. now owns 5,370 shares of the company’s stock worth $55,000 after buying an additional 3,854 shares during the period. FMR LLC increased its position in 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 buying an additional 2,290 shares during the period. Finally, Harbor Investment Advisory LLC increased its position in Joby Aviation by 466.7% during the third quarter. Harbor Investment Advisory LLC now owns 6,800 shares of the company’s stock worth $44,000 after buying an additional 5,600 shares during the period. 45.54% of the stock is currently owned by hedge funds and other institutional investors.

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.