Joeben Bevirt Sells 1,706 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt sold 1,706 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $7.50, for a total transaction of $12,795.00. Following the completion of the sale, the chief executive officer now owns 774,060 shares of the company’s stock, valued at $5,805,450. The trade was a 0.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Joeben Bevirt also recently made the following trade(s):

• On Wednesday, January 15th, Joeben Bevirt sold 1,655 shares of Joby Aviation stock. The shares were sold at an average price of $8.35, for a total value of $13,819.25.
• On Monday, January 6th, Joeben Bevirt sold 250,000 shares of Joby Aviation stock. The shares were sold at an average price of $9.84, for a total transaction of $2,460,000.00.
• On Thursday, January 2nd, Joeben Bevirt sold 23,886 shares of Joby Aviation stock. The shares were sold at an average price of $8.08, for a total transaction of $192,998.88.

Joby Aviation Stock Up 3.1 %

NYSE:JOBY opened at $7.56 on Friday. Joby Aviation, Inc. has a twelve month low of $4.50 and a twelve month high of $10.72. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of -10.79 and a beta of 2.33. The stock’s 50 day moving average price is $8.33 and its two-hundred day moving average price is $6.57.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on JOBY. Canaccord Genuity Group boosted their target price on Joby Aviation from $9.75 to $11.50 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. HC Wainwright restated a “buy” rating and set a $9.00 price objective on shares of Joby Aviation in a report on Wednesday, December 18th. JPMorgan Chase & Co. downgraded shares of Joby Aviation from a “neutral” rating to an “underweight” rating and upped their target price for the company from $5.00 to $6.00 in a research note on Friday, January 10th. Finally, Needham & Company LLC lifted their price target on shares of Joby Aviation from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.30.

Hedge Funds Weigh In On Joby Aviation

A number of institutional investors have recently added to or reduced their stakes in JOBY. Vanguard Group Inc. lifted its stake in Joby Aviation by 15.8% in the fourth quarter. Vanguard Group Inc. now owns 46,760,562 shares of the company’s stock valued at $380,163,000 after acquiring an additional 6,388,232 shares during the last quarter. Baillie Gifford & Co. lifted its stake in Joby Aviation by 4.3% in the 4th quarter. Baillie Gifford & Co. now owns 55,032,165 shares of the company’s stock valued at $447,412,000 after purchasing an additional 2,281,161 shares during the last quarter. Geode Capital Management LLC lifted its stake in Joby Aviation by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 10,208,358 shares of the company’s stock valued at $83,015,000 after purchasing an additional 817,638 shares during the last quarter. State Street Corp increased its position in Joby Aviation by 9.5% during the third quarter. State Street Corp now owns 9,372,636 shares of the company’s stock worth $47,144,000 after buying an additional 812,248 shares during the last quarter. Finally, ARK Investment Management LLC increased its position in Joby Aviation by 22.2% during the fourth quarter. ARK Investment Management LLC now owns 3,388,791 shares of the company’s stock worth $27,551,000 after buying an additional 616,193 shares during the last quarter. 52.85% of the stock is currently owned by institutional investors and hedge funds.

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.