Insider Selling: Joby Aviation, Inc. (NYSE:JOBY) CEO Sells 5,448 Shares of Stock

Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt sold 5,448 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $4.64, for a total transaction of $25,278.72. Following 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Joeben Bevirt also recently made the following trade(s):

• On Wednesday, April 3rd, Joeben Bevirt sold 23,750 shares of Joby Aviation stock. The shares were sold at an average price of $4.96, for a total transaction of $117,800.00.
• On Monday, April 1st, Joeben Bevirt sold 250,000 shares of Joby Aviation stock. The shares were sold at an average price of $5.18, for a total transaction of $1,295,000.00.
• On Wednesday, March 13th, Joeben Bevirt sold 5,497 shares of Joby Aviation stock. The shares were sold at an average price of $5.42, for a total transaction of $29,793.74.
• On Wednesday, February 14th, Joeben Bevirt sold 5,757 shares of Joby Aviation stock. The shares were sold at an average price of $6.03, for a total transaction of $34,714.71.

Joby Aviation Trading Down 0.7 %

Shares of NYSE:JOBY traded down $0.03 during trading on Thursday, reaching $4.58. The company’s stock had a trading volume of 3,792,051 shares, compared to its average volume of 4,906,422. Joby Aviation, Inc. has a 12 month low of $3.72 and a 12 month high of $11.98. The firm’s 50 day simple moving average is $5.36 and its two-hundred day simple moving average is $5.83. The stock has a market capitalization of $3.22 billion, a PE ratio of -5.65 and a beta of 2.07.

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

Institutional Trading of Joby Aviation

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

Joby Aviation Company Profile

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.