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

Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt sold 1,706 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $7.50, for a total transaction of $12,795.00. Following the transaction, the chief executive officer now owns 774,060 shares in the company, valued at $5,805,450. The trade was a 0.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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 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 Stock Down 0.4 %

NYSE:JOBY opened at $7.33 on Thursday. Joby Aviation, Inc. has a fifty-two week low of $4.50 and a fifty-two week high of $10.72. The firm’s 50 day moving average is $8.35 and its two-hundred day moving average is $6.57.

Hedge Funds Weigh In On Joby Aviation

A number of large investors have recently bought and sold shares of the stock. Larson Financial Group LLC raised its stake in shares of Joby Aviation by 218.3% in the 3rd quarter. Larson Financial Group LLC now owns 7,290 shares of the company’s stock valued at $37,000 after acquiring an additional 5,000 shares during the period. Whittier Trust Co. purchased a new position in shares of Joby Aviation in the 4th quarter valued at $38,000. Salem Investment Counselors Inc. raised its stake in shares of Joby Aviation by 5,000.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company’s stock valued at $41,000 after acquiring an additional 5,000 shares during the period. Compagnie Lombard Odier SCmA purchased a new position in shares of Joby Aviation in the 4th quarter valued at $41,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Joby Aviation in the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on JOBY. HC Wainwright reiterated a “buy” rating and issued a $9.00 price target on shares of Joby Aviation in a research report on Wednesday, December 18th. Canaccord Genuity Group increased their price target 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. Needham & Company LLC increased their price target 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. Finally, JPMorgan Chase & Co. lowered shares of Joby Aviation from a “neutral” rating to an “underweight” rating and increased their price target for the company from $5.00 to $6.00 in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Joby Aviation currently has a consensus rating of “Moderate Buy” and an average target price of $9.30.

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.