Paul Cahill Sciarra Sells 166,666 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) Director Paul Cahill Sciarra sold 166,666 shares of Joby Aviation stock in a transaction on Monday, September 30th. The shares were sold at an average price of $5.15, for a total value of $858,329.90. Following the transaction, the director now owns 59,828,059 shares of the company’s stock, valued at approximately $308,114,503.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Joby Aviation Price Performance

Shares of JOBY opened at $5.61 on Friday. Joby Aviation, Inc. has a one year low of $4.50 and a one year high of $7.69. The firm has a market capitalization of $3.97 billion, a P/E ratio of -7.38 and a beta of 1.97. The business has a fifty day moving average of $5.22 and a 200 day moving average of $5.22.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.18) EPS for the quarter, hitting the consensus estimate of ($0.18). The firm had revenue of $0.28 million during the quarter, compared to the consensus estimate of $0.28 million. During the same period in the previous year, the firm earned ($0.17) EPS. Analysts expect that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

Institutional Trading of Joby Aviation

Several large investors have recently modified their holdings of JOBY. Nisa Investment Advisors LLC grew its holdings in 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 purchasing an additional 5,840 shares during the period. Integris Wealth Management LLC bought a new stake in Joby Aviation during the second quarter valued at about $54,000. Dakota Wealth Management bought a new stake in Joby Aviation during the second quarter valued at about $56,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in Joby Aviation during the second quarter valued at about $57,000. Finally, Choreo LLC bought a new stake in Joby Aviation during the second quarter valued at about $60,000. Institutional investors own 45.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on JOBY shares. JPMorgan Chase & Co. boosted their price target on Joby Aviation from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. HC Wainwright restated a “buy” rating and issued a $9.00 price target on shares of Joby Aviation in a research note on Wednesday. Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 price target on shares of Joby Aviation in a research note on Monday. Finally, Canaccord Genuity Group decreased their price target on Joby Aviation from $11.00 to $10.50 and set a “buy” rating for the company in a research note on Thursday, August 8th.

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.