Joby Aviation, Inc. (NYSE:JOBY) Insider Sells $33,632.28 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Matthew Field sold 5,643 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $5.96, for a total transaction of $33,632.28. Following the transaction, the insider now owns 293,143 shares of the company’s stock, valued at approximately $1,747,132.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Matthew Field also recently made the following trade(s):

• On Friday, October 4th, Matthew Field sold 11,764 shares of Joby Aviation stock. The stock was sold at an average price of $5.78, for a total transaction of $67,995.92.

Joby Aviation Stock Up 0.5 %

NYSE JOBY traded up $0.03 during mid-day trading on Monday, hitting $5.98. The stock had a trading volume of 13,396,462 shares, compared to its average volume of 6,057,055. The company has a 50 day simple moving average of $5.21 and a 200 day simple moving average of $5.22. The company has a market cap of $4.24 billion, a price-to-earnings ratio of -7.87 and a beta of 1.97. Joby Aviation, Inc. has a 52-week low of $4.50 and a 52-week high of $7.69.

Joby Aviation (NYSE:JOBY) last posted its earnings results on Wednesday, August 7th. The company reported ($0.18) earnings per share for the quarter, meeting the consensus estimate of ($0.18). The firm had revenue of $0.28 million during the quarter, compared to analyst estimates of $0.28 million. During the same period last year, the company posted ($0.17) EPS. As a group, equities analysts anticipate that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Institutional Trading of Joby Aviation

Several institutional investors and hedge funds have recently made changes to their positions in JOBY. Vanguard Group Inc. lifted its position in Joby Aviation by 9.1% during the first quarter. Vanguard Group Inc. now owns 34,659,624 shares of the company’s stock worth $185,776,000 after buying an additional 2,889,012 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Joby Aviation during the first quarter worth about $15,357,000. Ieq Capital LLC lifted its position in Joby Aviation by 68.6% during the second quarter. Ieq Capital LLC now owns 4,441,574 shares of the company’s stock worth $22,652,000 after buying an additional 1,807,054 shares during the period. Susquehanna Fundamental Investments LLC lifted its position in Joby Aviation by 1,018.5% during the second quarter. Susquehanna Fundamental Investments LLC now owns 677,116 shares of the company’s stock worth $3,453,000 after buying an additional 616,579 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Joby Aviation by 41.8% during the second quarter. Bank of New York Mellon Corp now owns 1,474,677 shares of the company’s stock worth $7,521,000 after buying an additional 435,069 shares during the period. 45.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JOBY has been the topic of a number of analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 price objective on shares of Joby Aviation in a report on Monday, September 30th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $10.50 price objective on shares of Joby Aviation in a report on Friday. HC Wainwright reissued a “buy” rating and issued a $9.00 target price on shares of Joby Aviation in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Joby Aviation from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th.

Joby Aviation Company 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.