Joby Aviation (NYSE:JOBY) Stock Price Down 3.4%

Joby Aviation, Inc. (NYSE:JOBY) shares traded down 3.4% during mid-day trading on Monday . The company traded as low as $5.14 and last traded at $5.17. 3,037,558 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 4,881,404 shares. The stock had previously closed at $5.35.

Joby Aviation Price Performance

The firm has a market cap of $3.65 billion, a PE ratio of -6.60 and a beta of 2.07. The firm has a 50-day simple moving average of $5.19 and a 200 day simple moving average of $5.75.

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

Insiders Place Their Bets

In other news, CEO Joeben Bevirt sold 5,448 shares of Joby Aviation stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $4.64, for a total value of $25,278.72. Following the completion of the transaction, the chief executive officer now owns 662,605 shares of the company’s stock, valued at approximately $3,074,487.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Joeben Bevirt sold 5,448 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $4.64, for a total transaction of $25,278.72. Following the sale, the chief executive officer now owns 662,605 shares in the company, valued at $3,074,487.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Eric Allison sold 19,393 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $4.70, for a total transaction of $91,147.10. Following the completion of the transaction, the insider now owns 422,592 shares of the company’s stock, valued at $1,986,182.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 550,832 shares of company stock valued at $2,822,382. 49.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Joby Aviation

Several large investors have recently bought and sold shares of the business. Baillie Gifford & Co. boosted its holdings in shares of Joby Aviation by 10.3% during the 4th 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. lifted its position in Joby Aviation by 20.6% during the third 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. 8VC GP I LLC bought a new position in Joby Aviation during the fourth quarter valued at approximately $95,727,000. Charles Schwab Investment Management Inc. grew its position in Joby Aviation by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,818,603 shares of the company’s stock worth $25,394,000 after purchasing an additional 64,404 shares during the period. Finally, ARK Investment Management LLC raised its stake in Joby Aviation by 7.2% during the 4th quarter. ARK Investment Management LLC now owns 3,404,900 shares of the company’s stock valued at $22,643,000 after buying an additional 227,331 shares during the last quarter. 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.