Joby Aviation (NYSE:JOBY) Trading 6.4% Higher

Joby Aviation, Inc. (NYSE:JOBY)’s stock price was up 6.4% during mid-day trading on Tuesday . The company traded as high as $5.03 and last traded at $5.00. Approximately 1,116,862 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 4,819,975 shares. The stock had previously closed at $4.70.

Joby Aviation Price Performance

The stock has a fifty day simple moving average of $5.23 and a 200-day simple moving average of $5.77.

Joby Aviation (NYSE:JOBY) last announced its earnings results on Wednesday, February 21st. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.02. The business had revenue of $1.03 million for the quarter, compared to analyst estimates of $1.50 million. During the same period in the previous year, the company earned ($0.14) earnings per share. Equities research analysts predict that Joby Aviation, Inc. will post -0.72 EPS for the current fiscal year.

Insider Transactions at Joby Aviation

In other news, CEO Joeben Bevirt sold 5,448 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $4.64, for a total transaction of $25,278.72. Following the completion of the transaction, the chief executive officer now directly owns 662,605 shares of the company’s stock, valued at approximately $3,074,487.20. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, insider Didier Papadopoulos sold 11,362 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $4.96, for a total transaction of $56,355.52. Following the completion of the sale, the insider now directly owns 68,278 shares in the company, valued at $338,658.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joeben Bevirt sold 5,448 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $4.64, for a total value of $25,278.72. Following the sale, the chief executive officer now owns 662,605 shares of the company’s stock, valued at $3,074,487.20. The disclosure for this sale can be found here. Insiders sold a total of 550,832 shares of company stock valued at $2,822,382 in the last three months. 49.50% of the stock is currently owned by company insiders.

Institutional Trading of Joby Aviation

Large investors have recently made changes to their positions in the company. Sittner & Nelson LLC increased its position in shares of Joby Aviation by 100.0% during the third quarter. Sittner & Nelson LLC now owns 4,000 shares of the company’s stock worth $26,000 after purchasing an additional 2,000 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in Joby Aviation in the 3rd quarter valued at $47,000. Monterey Private Wealth Inc. purchased a new stake in Joby Aviation in the 4th quarter valued at $67,000. International Assets Investment Management LLC purchased a new stake in Joby Aviation in the 4th quarter valued at $73,000. Finally, Teza Capital Management LLC purchased a new stake in Joby Aviation in the 3rd quarter valued at $76,000. 45.54% of the stock is currently owned by hedge funds and other institutional investors.

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.