Joby Aviation, Inc. (NYSE:JOBY) Insider Gregory Bowles Sells 3,442 Shares

Joby Aviation, Inc. (NYSE:JOBY) insider Gregory Bowles sold 3,442 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $6.81, for a total transaction of $23,440.02. Following the completion of the sale, the insider now owns 36,949 shares in the company, valued at approximately $251,622.69. The trade was a 8.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Joby Aviation Price Performance

Shares of Joby Aviation stock traded down $0.27 on Tuesday, reaching $6.50. The company had a trading volume of 16,268,885 shares, compared to its average volume of 13,468,663. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of -9.28 and a beta of 2.33. The firm’s 50-day moving average price is $8.23 and its two-hundred day moving average price is $6.70. 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 institutional investors have recently bought and sold shares of JOBY. Toronto Dominion Bank purchased a new stake in shares of Joby Aviation in the fourth quarter valued at $41,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Joby Aviation by 15.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 444,860 shares of the company’s stock valued at $3,617,000 after purchasing an additional 57,929 shares during the last quarter. Valueworks LLC raised its position in Joby Aviation by 14.0% in the 4th quarter. Valueworks LLC now owns 2,340,170 shares of the company’s stock worth $19,026,000 after purchasing an additional 288,140 shares during the period. Toyota Motor Corp purchased a new position in shares of Joby Aviation during the fourth quarter valued at approximately $640,259,000. Finally, Shay Capital LLC bought a new position in shares of Joby Aviation during the fourth quarter valued at approximately $373,000. 52.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on JOBY shares. JPMorgan Chase & Co. downgraded Joby Aviation from a “neutral” rating to an “underweight” rating and boosted their target price for the stock from $5.00 to $6.00 in a research report on Friday, January 10th. Needham & Company LLC increased their target price on Joby Aviation from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. HC Wainwright restated a “buy” rating and issued a $9.00 price target on shares of Joby Aviation in a research report on Wednesday, December 18th. Finally, Canaccord Genuity Group increased their price objective 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. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Joby Aviation currently has a consensus rating of “Moderate Buy” and a consensus target price 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.