Insider Selling: Joby Aviation, Inc. (NYSE:JOBY) CEO Sells $12,795.00 in Stock

Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt sold 1,706 shares of the stock in a transaction that occurred on 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 directly owns 774,060 shares in the company, valued at approximately $5,805,450. This represents a 0.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Thursday, February 13th, Joeben Bevirt sold 10,785 shares of Joby Aviation stock. The shares were sold at an average price of $7.43, for a total transaction of $80,132.55.
• 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 transaction 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 Trading Up 3.6 %

Shares of NYSE:JOBY opened at $7.86 on Friday. The firm has a fifty day moving average price of $8.32 and a 200 day moving average price of $6.58. Joby Aviation, Inc. has a 1-year low of $4.50 and a 1-year high of $10.72.

Institutional Trading of Joby Aviation

A number of large investors have recently bought and sold shares of the business. Bouvel Investment Partners LLC boosted its stake in Joby Aviation by 1.4% during the 4th quarter. Bouvel Investment Partners LLC now owns 123,862 shares of the company’s stock worth $1,007,000 after purchasing an additional 1,715 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Joby Aviation by 9.9% in the 4th quarter. NewEdge Advisors LLC now owns 21,505 shares of the company’s stock worth $175,000 after acquiring an additional 1,935 shares during the period. Gallagher Fiduciary Advisors LLC lifted its stake in shares of Joby Aviation by 3.1% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 66,800 shares of the company’s stock worth $543,000 after acquiring an additional 2,000 shares during the period. Private Advisor Group LLC lifted its stake in shares of Joby Aviation by 6.6% in the 4th quarter. Private Advisor Group LLC now owns 36,774 shares of the company’s stock worth $299,000 after acquiring an additional 2,261 shares during the period. Finally, Larson Financial Group LLC lifted its stake in shares of Joby Aviation by 35.3% in the 4th quarter. Larson Financial Group LLC now owns 9,864 shares of the company’s stock worth $80,000 after acquiring an additional 2,574 shares during the period. Institutional investors and hedge funds own 52.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Needham & Company LLC increased their target price on shares of Joby Aviation from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Canaccord Genuity Group increased their target price on shares of Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. downgraded shares of Joby Aviation from a “neutral” rating to an “underweight” rating and increased their target price for the company from $5.00 to $6.00 in a research report on Friday, January 10th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $9.00 target price on shares of Joby Aviation in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Joby Aviation has an average rating of “Moderate Buy” and an average price target of $9.30.

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.