Joby Aviation, Inc. (NYSE:JOBY – Get Free Report) CEO Joeben Bevirt sold 250,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $4.85, for a total value of $1,212,500.00. Following the transaction, the chief executive officer now owns 32,674,274 shares in the company, valued at approximately $158,470,228.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Joby Aviation Trading Up 5.9 %
Shares of NYSE JOBY opened at $5.94 on Friday. The company has a market cap of $4.21 billion, a price-to-earnings ratio of -7.82 and a beta of 1.97. Joby Aviation, Inc. has a 12 month low of $4.50 and a 12 month high of $7.69. The stock has a 50-day moving average price of $5.21 and a two-hundred day moving average price of $5.22.
Joby Aviation (NYSE:JOBY – Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.18). The company had revenue of $0.28 million for the quarter, compared to analyst estimates of $0.28 million. During the same quarter in the prior year, the company earned ($0.17) earnings per share. On average, sell-side analysts predict that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.
Wall Street Analyst Weigh In
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Institutional Investors Weigh In On Joby Aviation
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Flaharty Asset Management LLC raised its holdings in Joby Aviation by 25.0% in the 2nd quarter. Flaharty Asset Management LLC now owns 15,000 shares of the company’s stock valued at $76,000 after buying an additional 3,000 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Joby Aviation by 8.5% in the first quarter. ProShare Advisors LLC now owns 50,103 shares of the company’s stock valued at $269,000 after buying an additional 3,942 shares during the period. Amalgamated Bank raised its position in shares of Joby Aviation by 46.2% in the 2nd quarter. Amalgamated Bank now owns 13,905 shares of the company’s stock worth $71,000 after acquiring an additional 4,391 shares in the last quarter. Cetera Advisors LLC lifted its stake in shares of Joby Aviation by 32.9% in the 1st quarter. Cetera Advisors LLC now owns 20,276 shares of the company’s stock valued at $109,000 after purchasing an additional 5,025 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in Joby Aviation by 216.3% during the second quarter. Nisa Investment Advisors LLC now owns 8,540 shares of the company’s stock worth $44,000 after purchasing an additional 5,840 shares during the period. 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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