Joeben Bevirt Sells 1,706 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt sold 1,706 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $7.50, for a total transaction of $12,795.00. Following the sale, the chief executive officer now directly owns 774,060 shares of the company’s stock, valued at approximately $5,805,450. The trade was a 0.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Joeben Bevirt also recently made the following trade(s):

• On Wednesday, January 15th, Joeben Bevirt sold 1,655 shares of Joby Aviation stock. The shares were sold at an average price of $8.35, for a total transaction of $13,819.25.
• On Monday, January 6th, Joeben Bevirt sold 250,000 shares of Joby Aviation stock. The stock was sold at an average price of $9.84, for a total transaction of $2,460,000.00.
• On Thursday, January 2nd, Joeben Bevirt sold 23,886 shares of Joby Aviation stock. The stock was sold at an average price of $8.08, for a total transaction of $192,998.88.

Joby Aviation Stock Performance

Joby Aviation stock opened at $7.33 on Thursday. The firm’s 50-day moving average is $8.35 and its 200-day moving average is $6.57. Joby Aviation, Inc. has a 1 year low of $4.50 and a 1 year high of $10.72.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Needham & Company LLC raised their price objective on shares of Joby Aviation from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. lowered shares of Joby Aviation from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $5.00 to $6.00 in a report on Friday, January 10th. Canaccord Genuity Group raised their price objective on shares of Joby Aviation from $9.75 to $11.50 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Finally, 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. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $9.30.

Institutional Trading of Joby Aviation

Hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC lifted its position in Joby Aviation by 218.3% in the 3rd quarter. Larson Financial Group LLC now owns 7,290 shares of the company’s stock valued at $37,000 after purchasing an additional 5,000 shares during the last quarter. Whittier Trust Co. bought a new stake in Joby Aviation in the 4th quarter valued at about $38,000. Salem Investment Counselors Inc. lifted its position in Joby Aviation by 5,000.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company’s stock valued at $41,000 after purchasing an additional 5,000 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new stake in Joby Aviation in the 4th quarter valued at about $41,000. Finally, Golden State Wealth Management LLC bought a new stake in Joby Aviation in the 4th quarter valued at about $42,000. 52.85% of the stock is currently owned by institutional investors.

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.