Joby Aviation, Inc. (NYSE:JOBY) Position Increased by Fullcircle Wealth LLC

Fullcircle Wealth LLC increased its stake in shares of Joby Aviation, Inc. (NYSE:JOBY) by 40.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,000 shares of the company’s stock after buying an additional 6,000 shares during the quarter. Fullcircle Wealth LLC’s holdings in Joby Aviation were worth $111,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its holdings in shares of Joby Aviation by 216.3% during the second quarter. Nisa Investment Advisors LLC now owns 8,540 shares of the company’s stock valued at $44,000 after acquiring an additional 5,840 shares during the period. Sound Income Strategies LLC boosted its stake in Joby Aviation by 3,311.3% during the 3rd quarter. Sound Income Strategies LLC now owns 10,302 shares of the company’s stock valued at $52,000 after purchasing an additional 10,000 shares during the period. Integris Wealth Management LLC bought a new position in Joby Aviation in the 2nd quarter worth about $54,000. Dakota Wealth Management acquired a new stake in shares of Joby Aviation in the second quarter valued at approximately $56,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of Joby Aviation during the second quarter worth approximately $57,000. 45.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Joby Aviation news, insider Didier Papadopoulos sold 6,025 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $5.33, for a total value of $32,113.25. Following the transaction, the insider now owns 47,474 shares of the company’s stock, valued at approximately $253,036.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Joby Aviation news, insider Gregory Bowles sold 26,775 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $5.14, for a total value of $137,623.50. Following the completion of the transaction, the insider now directly owns 18,035 shares in the company, valued at $92,699.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Didier Papadopoulos sold 6,025 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $5.33, for a total transaction of $32,113.25. Following the sale, the insider now owns 47,474 shares in the company, valued at $253,036.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 525,499 shares of company stock worth $2,667,151. Corporate insiders own 32.40% of the company’s stock.

Joby Aviation Stock Up 1.5 %

Shares of Joby Aviation stock opened at $4.87 on Friday. The business has a fifty day simple moving average of $5.31 and a 200-day simple moving average of $5.29. Joby Aviation, Inc. has a fifty-two week low of $4.50 and a fifty-two week high of $7.69. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of -9.94 and a beta of 1.97.

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

Wall Street Analyst Weigh In

Several analysts recently commented on JOBY shares. Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 target price on shares of Joby Aviation in a research report on Monday, September 30th. Canaccord Genuity Group cut their price objective on shares of Joby Aviation from $10.50 to $9.75 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. HC Wainwright reiterated a “buy” rating and issued a $9.00 target price on shares of Joby Aviation in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Joby Aviation from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 29th.

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.