Joby Aviation, Inc. (NYSE:JOBY – Get Free Report) Director Paul Cahill Sciarra sold 166,666 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $5.15, for a total value of $858,329.90. Following the transaction, the director now directly owns 59,828,059 shares of the company’s stock, valued at $308,114,503.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Joby Aviation Stock Performance
Shares of NYSE:JOBY opened at $5.94 on Friday. Joby Aviation, Inc. has a 52-week low of $4.50 and a 52-week high of $7.69. The firm has a market capitalization of $4.21 billion, a P/E ratio of -7.82 and a beta of 1.97. The stock has a 50 day moving average price of $5.21 and a 200-day moving average price of $5.22.
Joby Aviation (NYSE:JOBY – Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.18). The firm had revenue of $0.28 million during the quarter, compared to the consensus estimate of $0.28 million. During the same period in the prior year, the company posted ($0.17) EPS. On average, equities analysts forecast that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.
Wall Street Analyst Weigh In
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Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Joby Aviation by 9.1% in the 1st quarter. Vanguard Group Inc. now owns 34,659,624 shares of the company’s stock worth $185,776,000 after buying an additional 2,889,012 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Joby Aviation in the 1st quarter worth approximately $15,357,000. Ieq Capital LLC grew its stake in shares of Joby Aviation by 68.6% in the 2nd quarter. Ieq Capital LLC now owns 4,441,574 shares of the company’s stock worth $22,652,000 after buying an additional 1,807,054 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its stake in shares of Joby Aviation by 1,018.5% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 677,116 shares of the company’s stock worth $3,453,000 after buying an additional 616,579 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Joby Aviation by 41.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,474,677 shares of the company’s stock worth $7,521,000 after buying an additional 435,069 shares during the last quarter. Institutional investors own 45.54% of the company’s stock.
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.
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