Joby Aviation, Inc. (NYSE:JOBY – Get Rating) insider Gregory Bowles sold 3,412 shares of Joby Aviation stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $4.03, for a total transaction of $13,750.36. Following the transaction, the insider now directly owns 43,471 shares in the company, valued at approximately $175,188.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Gregory Bowles also recently made the following trade(s):
- On Monday, September 26th, Gregory Bowles sold 32,611 shares of Joby Aviation stock. The shares were sold at an average price of $5.00, for a total value of $163,055.00.
Joby Aviation Trading Up 0.7 %
Joby Aviation stock traded up $0.03 during midday trading on Thursday, reaching $4.07. The stock had a trading volume of 1,456,618 shares, compared to its average volume of 2,910,194. Joby Aviation, Inc. has a 12 month low of $3.61 and a 12 month high of $8.46. The firm’s 50-day moving average price is $4.50 and its 200 day moving average price is $5.09.
Analysts Set New Price Targets
A number of research analysts have issued reports on JOBY shares. Deutsche Bank Aktiengesellschaft reduced their price objective on Joby Aviation from $7.00 to $6.00 in a research note on Wednesday, November 16th. Raymond James began coverage on shares of Joby Aviation in a research report on Wednesday, July 27th. They set a “market perform” rating for the company. Morgan Stanley decreased their price objective on shares of Joby Aviation from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday, November 3rd. JPMorgan Chase & Co. boosted their target price on shares of Joby Aviation from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Thursday, November 3rd. Finally, Barclays decreased their price target on shares of Joby Aviation from $6.00 to $4.50 and set an “equal weight” rating for the company in a research note on Tuesday, November 15th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.50.
Institutional Investors Weigh In On Joby Aviation
Several institutional investors have recently made changes to their positions in the stock. Toroso Investments LLC grew its position in shares of Joby Aviation by 19.5% in the first quarter. Toroso Investments LLC now owns 13,394 shares of the company’s stock valued at $89,000 after purchasing an additional 2,186 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Joby Aviation by 16.2% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 18,867 shares of the company’s stock valued at $93,000 after buying an additional 2,625 shares in the last quarter. Royal Bank of Canada increased its position in shares of Joby Aviation by 11.1% during the third quarter. Royal Bank of Canada now owns 27,782 shares of the company’s stock valued at $119,000 after buying an additional 2,774 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Joby Aviation by 18.2% in the second quarter. Commonwealth Equity Services LLC now owns 18,295 shares of the company’s stock worth $89,000 after buying an additional 2,817 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Joby Aviation by 22.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 15,916 shares of the company’s stock valued at $69,000 after acquiring an additional 2,925 shares during the period. Hedge funds and other institutional investors own 29.04% of the company’s stock.
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. It intends to build an aerial ridesharing service. The company was founded in 2009 and is headquartered in Santa Cruz, California.
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