Insider Selling: Joby Aviation, Inc. (NYSE:JOBY) Insider Sells 19,393 Shares of Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Eric Allison sold 19,393 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $4.70, for a total value of $91,147.10. Following the transaction, the insider now directly owns 422,592 shares in the company, valued at approximately $1,986,182.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Joby Aviation Stock Up 0.7 %

JOBY traded up $0.03 during trading on Wednesday, reaching $4.63. 2,588,375 shares of the company were exchanged, compared to its average volume of 4,905,703. The company’s 50-day moving average is $5.38 and its two-hundred day moving average is $5.84. The company has a market cap of $3.25 billion, a price-to-earnings ratio of -5.68 and a beta of 2.07. Joby Aviation, Inc. has a 12-month low of $3.72 and a 12-month high of $11.98.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings data on Wednesday, February 21st. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.02. The company had revenue of $1.03 million for the quarter, compared to analysts’ expectations of $1.50 million. During the same period last year, the company posted ($0.14) EPS. Equities analysts forecast that Joby Aviation, Inc. will post -0.72 earnings per share for the current year.

Hedge Funds Weigh In On Joby Aviation

Institutional investors have recently added to or reduced their stakes in the business. Rheos Capital Works Inc. bought a new position in Joby Aviation in the 3rd quarter worth about $6,224,000. Vanguard Group Inc. lifted its stake in shares of Joby Aviation by 20.6% in the 3rd quarter. Vanguard Group Inc. now owns 34,130,744 shares of the company’s stock valued at $220,143,000 after purchasing an additional 5,819,837 shares during the period. Baillie Gifford & Co. lifted its stake in shares of Joby Aviation by 10.3% in the 4th quarter. Baillie Gifford & Co. now owns 56,320,441 shares of the company’s stock valued at $374,531,000 after purchasing an additional 5,267,436 shares during the period. Schonfeld Strategic Advisors LLC lifted its stake in shares of Joby Aviation by 596.5% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 160,200 shares of the company’s stock valued at $1,033,000 after purchasing an additional 137,200 shares during the period. Finally, Tudor Investment Corp Et Al bought a new position in Joby Aviation during the 3rd quarter valued at approximately $3,534,000. 45.54% of the stock is currently owned by 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.