Joeben Bevirt Sells 5,448 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt sold 5,448 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 662,605 shares in the company, valued at $3,074,487.20. The transaction was disclosed in a legal filing with the SEC, which is available 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 stock was 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 stock was sold at an average price of $6.03, for a total transaction of $34,714.71.

Joby Aviation Trading Down 0.7 %

JOBY traded down $0.03 during trading hours on Thursday, hitting $4.58. 3,792,051 shares of the company’s stock were exchanged, 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 has a 50 day moving average of $5.36 and a 200 day moving average of $5.83. The firm has a market cap of $3.22 billion, a P/E ratio of -5.65 and a beta of 2.07.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings data on Wednesday, February 21st. The company reported ($0.17) EPS for the quarter, beating 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 in the prior year, the company posted ($0.14) earnings per share. As a group, research analysts expect that Joby Aviation, Inc. will post -0.72 EPS for the current fiscal year.

Institutional Investors Weigh In On Joby Aviation

A number of large investors have recently modified their holdings of the company. 8VC GP I LLC acquired a new position in shares of Joby Aviation in the 4th quarter valued at $95,727,000. Vanguard Group Inc. boosted its holdings in shares of Joby Aviation by 114.5% in the 1st quarter. Vanguard Group Inc. now owns 14,405,592 shares of the company’s stock valued at $95,365,000 after buying an additional 7,691,093 shares in the last quarter. Baillie Gifford & Co. boosted its holdings 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 buying an additional 5,267,436 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Joby Aviation in the 1st quarter valued at $16,408,000. Finally, State Street Corp boosted its holdings in shares of Joby Aviation by 37.5% in the 2nd quarter. State Street Corp now owns 6,752,316 shares of the company’s stock valued at $33,154,000 after buying an additional 1,840,567 shares in the last quarter. 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.