Bonny W. Simi Sells 12,382 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Bonny W. Simi sold 12,382 shares of Joby Aviation stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $5.81, for a total value of $71,939.42. Following the completion of the sale, the insider now directly owns 203,588 shares in the company, valued at $1,182,846.28. This represents a 5.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Joby Aviation Trading Down 1.4 %

• Joby Aviation Stock Presents an Opportunity in the Turbulence

Shares of Joby Aviation stock traded down $0.08 during trading on Monday, hitting $5.81. 8,396,444 shares of the stock were exchanged, compared to its average volume of 11,394,728. Joby Aviation, Inc. has a 1-year low of $4.50 and a 1-year high of $10.72. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of -8.30 and a beta of 2.35. The company has a fifty day moving average price of $6.43 and a 200-day moving average price of $6.99.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on JOBY. Cantor Fitzgerald reissued an "overweight" rating and issued a $9.00 target price on shares of Joby Aviation in a research report on Thursday, February 27th. Needham & Company LLC reiterated a "buy" rating and issued a $10.00 price objective on shares of Joby Aviation in a report on Thursday, February 27th. Canaccord Genuity Group boosted their price objective on shares of Joby Aviation from $9.75 to $11.50 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Morgan Stanley reiterated an "equal weight" rating and issued a $7.00 price target (down from $10.00) on shares of Joby Aviation in a research note on Friday, April 11th. Finally, HC Wainwright restated a "buy" rating and issued a $9.00 price objective on shares of Joby Aviation in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $8.58.

• Joby Aviation: Operational Momentum vs. Market Sentiment

Get Our Latest Stock Report on JOBY

Institutional Trading of Joby Aviation

Hedge funds have recently made changes to their positions in the business. Bouvel Investment Partners LLC grew its stake in Joby Aviation by 1.4% during the fourth quarter. Bouvel Investment Partners LLC now owns 123,862 shares of the company's stock worth $1,007,000 after buying an additional 1,715 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Joby Aviation by 9.9% during the fourth quarter. NewEdge Advisors LLC now owns 21,505 shares of the company's stock worth $175,000 after purchasing an additional 1,935 shares during the last quarter. Gallagher Fiduciary Advisors LLC boosted its holdings 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 valued at $543,000 after purchasing an additional 2,000 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Joby Aviation by 1.1% in the 4th quarter. California State Teachers Retirement System now owns 186,003 shares of the company's stock valued at $1,512,000 after purchasing an additional 2,065 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Joby Aviation by 6.6% during the 4th quarter. Private Advisor Group LLC now owns 36,774 shares of the company's stock worth $299,000 after buying an additional 2,261 shares during the last quarter. 52.85% of the stock is owned by institutional investors and hedge funds.

Joby Aviation Company Profile

• The Ecosystem Edge: Joby's Competitive Advantage

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.

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