Matthew Field Sells 5,642 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBYGet Free Report) insider Matthew Field sold 5,642 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $5.19, for a total transaction of $29,281.98. Following the completion of the sale, the insider now directly owns 294,238 shares of the company’s stock, valued at approximately $1,527,095.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Matthew Field also recently made the following trade(s):

  • On Monday, July 8th, Matthew Field sold 5,642 shares of Joby Aviation stock. The shares were sold at an average price of $5.19, for a total transaction of $29,281.98.
  • On Friday, July 5th, Matthew Field sold 11,766 shares of Joby Aviation stock. The shares were sold at an average price of $5.17, for a total transaction of $60,830.22.
  • On Monday, May 20th, Matthew Field sold 13,953 shares of Joby Aviation stock. The shares were sold at an average price of $4.96, for a total transaction of $69,206.88.

Joby Aviation Stock Down 2.0 %

JOBY traded down $0.10 during trading hours on Tuesday, hitting $5.11. 3,673,025 shares of the company’s stock were exchanged, compared to its average volume of 5,069,913. Joby Aviation, Inc. has a 1-year low of $4.50 and a 1-year high of $10.96. The stock’s 50-day moving average is $5.04 and its two-hundred day moving average is $5.39. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of -6.72 and a beta of 2.00.

Joby Aviation (NYSE:JOBYGet Free Report) last announced its earnings results on Tuesday, May 7th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.03. The business had revenue of $0.03 million for the quarter, compared to analyst estimates of $0.05 million. During the same quarter in the previous year, the company posted ($0.16) EPS. The business’s revenue for the quarter was down 97.5% compared to the same quarter last year. On average, equities research analysts anticipate that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Joby Aviation from an “underweight” rating to a “neutral” rating and set a $5.00 price target for the company in a report on Friday, May 3rd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price target on shares of Joby Aviation in a report on Monday, July 1st.

Get Our Latest Analysis on Joby Aviation

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Baillie Gifford & Co. lifted its stake in Joby Aviation by 10.3% in the fourth quarter. Baillie Gifford & Co. now owns 56,320,441 shares of the company’s stock valued at $374,531,000 after acquiring an additional 5,267,436 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Joby Aviation by 9.1% in the first quarter. Vanguard Group Inc. now owns 34,659,624 shares of the company’s stock valued at $185,776,000 after purchasing an additional 2,889,012 shares during the period. 8VC GP I LLC bought a new position in shares of Joby Aviation in the fourth quarter valued at about $95,727,000. Charles Schwab Investment Management Inc. raised its position in shares of Joby Aviation by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,818,603 shares of the company’s stock valued at $25,394,000 after purchasing an additional 64,404 shares during the period. Finally, ARK Investment Management LLC raised its position in shares of Joby Aviation by 7.2% in the fourth quarter. ARK Investment Management LLC now owns 3,404,900 shares of the company’s stock valued at $22,643,000 after purchasing an additional 227,331 shares during the period. Institutional investors and hedge funds own 45.54% of the company’s stock.

About Joby Aviation

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Joby Aviation (NYSE:JOBY)

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