Joby Aviation (NYSE:JOBY) Director Paul Cahill Sciarra Sells 62,500 Shares of Company Stock

Joby Aviation, Inc. (NYSE:JOBY) Director Paul Sciarra sold 62,500 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $4.97, for a total transaction of $310,625.00. Following the completion of the sale, the director directly owned 55,578,057 shares in the company, valued at approximately $276,222,943.29. The trade was a 0.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paul Cahill Sciarra also recently made the following trade(s):

• On Friday, October 2nd, Paul Sciarra sold 62,500 shares of Joby Aviation stock. The stock was sold at an average price of $6.09, for a total transaction of $380,625.00.
• On Wednesday, September 2nd, Paul Sciarra sold 62,500 shares of Joby Aviation stock. The stock was sold at an average price of $6.68, for a total transaction of $417,500.00.
• On Thursday, August 13th, Paul Sciarra sold 62,500 shares of Joby Aviation stock. The shares were sold at an average price of $7.96, for a total transaction of $497,500.00.

Joby Aviation Stock Up 0.7%

NYSE:JOBY opened at $4.84 on Wednesday. Joby Aviation, Inc. has a 12 month low of $4.43 and a 12 month high of $17.10. The company has a debt-to-equity ratio of 0.40, a quick ratio of 17.98 and a current ratio of 17.98. The company’s 50-day moving average price is $5.83 and its two-hundred day moving average price is $8.59.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.02). The firm had revenue of $38.64 million for the quarter, compared to the consensus estimate of $30.20 million. Joby Aviation had a negative return on equity of 55.29% and a negative net margin of 755.11%. Joby Aviation’s quarterly revenue was up 257493.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.41) earnings per share. Equities analysts predict that Joby Aviation, Inc. will post -1.00 EPS for the current year.

Hedge Funds Weigh In On Joby Aviation

A number of institutional investors have recently modified their holdings of the stock. J. Derek Lewis & Associates Inc. raised its holdings in Joby Aviation by 44.4% during the 3rd quarter. J. Derek Lewis & Associates Inc. now owns 19,200 shares of the company’s stock worth $116,000 after purchasing an additional 5,900 shares during the last quarter. 180 Wealth Advisors LLC lifted its position in Joby Aviation by 48.4% during the 3rd quarter. 180 Wealth Advisors LLC now owns 93,069 shares of the company’s stock valued at $563,000 after purchasing an additional 30,340 shares during the period. StoneX Group Inc. bought a new position in shares of Joby Aviation in the 3rd quarter valued at about $99,000. Pictet Asset Management Holding SA boosted its stake in shares of Joby Aviation by 14.1% in the 3rd quarter. Pictet Asset Management Holding SA now owns 39,640 shares of the company’s stock valued at $240,000 after purchasing an additional 4,896 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Joby Aviation by 42.5% in the 3rd quarter. Parallel Advisors LLC now owns 8,597 shares of the company’s stock valued at $52,000 after purchasing an additional 2,562 shares during the last quarter. 52.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

JOBY has been the topic of a number of research analyst reports. Susquehanna set a $18.00 price target on Joby Aviation in a research report on Thursday, August 6th. Morgan Stanley cut their price objective on Joby Aviation from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Friday, October 16th. Cantor Fitzgerald reissued a “neutral” rating on shares of Joby Aviation in a research note on Monday, September 21st. HC Wainwright restated a “buy” rating and set a $18.00 target price on shares of Joby Aviation in a report on Monday, September 21st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Joby Aviation in a report on Monday, October 12th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $12.39.

About Joby Aviation

Joby Aviation, Inc is an aerospace company developing all-electric vertical takeoff and landing (eVTOL) aircraft for commercial passenger transportation. Its aircraft are designed to take off and land vertically like a helicopter while operating with the range and speed of a conventional aircraft, supporting quiet, low-emission air taxi services and other urban and regional transportation applications.

Founded in 2009 by JoeBen Bevirt, Joby is pursuing the certification, production and commercial deployment of its piloted aircraft.