Gregory Bowles Sells 4,464 Shares of Joby Aviation (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Gregory Bowles sold 4,464 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $9.88, for a total value of $44,104.32. Following the sale, the insider directly owned 174,285 shares in the company, valued at $1,721,935.80. This trade represents a 2.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Gregory Bowles also recently made the following trade(s):

• On Tuesday, February 10th, Gregory Bowles sold 816 shares of Joby Aviation stock. The shares were sold at an average price of $10.55, for a total value of $8,608.80.
• On Wednesday, January 14th, Gregory Bowles sold 5,383 shares of Joby Aviation stock. The stock was sold at an average price of $14.72, for a total value of $79,237.76.
• On Tuesday, January 13th, Gregory Bowles sold 894 shares of Joby Aviation stock. The shares were sold at an average price of $14.83, for a total transaction of $13,258.02.
• On Friday, January 2nd, Gregory Bowles sold 4,194 shares of Joby Aviation stock. The shares were sold at an average price of $13.51, for a total value of $56,660.94.
• On Tuesday, November 25th, Gregory Bowles sold 3,931 shares of Joby Aviation stock. The stock was sold at an average price of $13.72, for a total value of $53,933.32.
• On Monday, November 24th, Gregory Bowles sold 4,604 shares of Joby Aviation stock. The shares were sold at an average price of $13.31, for a total transaction of $61,279.24.

Joby Aviation Price Performance

Joby Aviation stock traded up $0.08 during trading hours on Tuesday, hitting $9.98. The company had a trading volume of 15,713,523 shares, compared to its average volume of 30,759,029. The firm’s fifty day moving average is $13.30 and its 200-day moving average is $14.77. The firm has a market capitalization of $9.10 billion, a P/E ratio of -7.45 and a beta of 2.57. Joby Aviation, Inc. has a fifty-two week low of $4.96 and a fifty-two week high of $20.95.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on JOBY shares. Canaccord Genuity Group reaffirmed a “hold” rating and set a $15.50 price target on shares of Joby Aviation in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. raised their price objective on shares of Joby Aviation from $7.00 to $8.00 and gave the company an “underweight” rating in a research report on Friday, October 31st. Zacks Research upgraded shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. The Goldman Sachs Group started coverage on shares of Joby Aviation in a research note on Monday, December 1st. They set a “sell” rating and a $10.00 price target on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $22.00 price target on shares of Joby Aviation in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $13.21.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of JOBY. Royal Bank of Canada lifted its stake in shares of Joby Aviation by 110.5% in the first quarter. Royal Bank of Canada now owns 85,070 shares of the company’s stock valued at $512,000 after buying an additional 44,659 shares during the period. AQR Capital Management LLC acquired a new position in Joby Aviation in the 1st quarter valued at approximately $273,000. Strs Ohio bought a new stake in shares of Joby Aviation in the 1st quarter worth approximately $37,000. IFP Advisors Inc lifted its position in shares of Joby Aviation by 137.9% in the 2nd quarter. IFP Advisors Inc now owns 9,030 shares of the company’s stock worth $95,000 after acquiring an additional 5,234 shares during the period. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of Joby Aviation during the 2nd quarter worth approximately $304,000. 52.85% of the stock is currently owned by institutional investors and hedge funds.

Joby Aviation Company Profile

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company’s core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby’s eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company’s flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.