NBC Securities Inc. Sells 2,800 Shares of Joby Aviation, Inc. (NYSE:JOBY)

NBC Securities Inc. trimmed its position in shares of Joby Aviation, Inc. (NYSE:JOBY) by 5.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,200 shares of the company’s stock after selling 2,800 shares during the period. NBC Securities Inc.’s holdings in Joby Aviation were worth $252,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Lingotto Investment Management LLP boosted its holdings in Joby Aviation by 129.8% during the fourth quarter. Lingotto Investment Management LLP now owns 2,088,980 shares of the company’s stock valued at $13,892,000 after acquiring an additional 1,180,000 shares during the period. Capstone Investment Advisors LLC bought a new stake in shares of Joby Aviation in the fourth quarter valued at about $115,000. Chesapeake Capital Corp IL bought a new stake in shares of Joby Aviation in the fourth quarter valued at about $316,000. 8VC GP I LLC bought a new stake in shares of Joby Aviation in the fourth quarter valued at about $95,727,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Joby Aviation by 4.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 109,715 shares of the company’s stock valued at $730,000 after buying an additional 4,445 shares during the period. 45.54% of the stock is currently owned by institutional investors.

Joby Aviation Stock Performance

Shares of JOBY opened at $5.19 on Friday. Joby Aviation, Inc. has a 12 month low of $4.50 and a 12 month high of $11.98. The company has a 50-day moving average price of $4.99 and a two-hundred day moving average price of $5.52.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.03. The business had revenue of $0.03 million for the quarter, compared to the consensus estimate of $0.05 million. The firm’s revenue for the quarter was down 97.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.16) EPS. Analysts expect that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on JOBY shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 target price on shares of Joby Aviation in a research note on Monday, June 17th. JPMorgan Chase & Co. upgraded shares of Joby Aviation from an “underweight” rating to a “neutral” rating and set a $5.00 target price for the company in a research note on Friday, May 3rd.

Insider Transactions at Joby Aviation

In other news, CEO Joeben Bevirt sold 250,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $5.18, for a total transaction of $1,295,000.00. Following the completion of the sale, the chief executive officer now owns 32,774,274 shares of the company’s stock, valued at $169,770,739.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Joeben Bevirt sold 250,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $5.18, for a total transaction of $1,295,000.00. Following the completion of the sale, the chief executive officer now owns 32,774,274 shares of the company’s stock, valued at $169,770,739.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Didier Papadopoulos sold 11,362 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $4.96, for a total transaction of $56,355.52. Following the sale, the insider now directly owns 68,278 shares of the company’s stock, valued at approximately $338,658.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 336,587 shares of company stock valued at $1,717,792. Corporate insiders own 32.40% of the company’s stock.

Joby Aviation 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.