Key Points
- Gregory Bowles sold 4,604 shares on Nov. 24 at an average price of $13.31 for about $61,279, leaving him with 163,016 shares (a 2.75% reduction in his position).
- This sale is part of a string of recent insider disposals by Bowles (including Nov. 25, Oct. 3, Oct. 2 and Sept. 22), signaling sustained insider selling activity.
- Company context: Joby trades around $13–14 (50-day SMA $15.92), recently missed EPS estimates (‑$0.48 vs. ‑$0.19) despite strong revenue growth, and carries a mixed analyst consensus with an average price target of about $14.
Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Gregory Bowles sold 3,931 shares of the firm's stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $13.72, for a total value of $53,933.32. Following the sale, the insider directly owned 159,085 shares of the company's stock, valued at $2,182,646.20. This represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Gregory Bowles also recently made the following trade(s):
- On Monday, November 24th, Gregory Bowles sold 4,604 shares of Joby Aviation stock. The shares were sold at an average price of $13.31, for a total value of $61,279.24.
- On Friday, October 3rd, Gregory Bowles sold 4,776 shares of Joby Aviation stock. The stock was sold at an average price of $18.09, for a total value of $86,397.84.
- On Thursday, October 2nd, Gregory Bowles sold 3,493 shares of Joby Aviation stock. The stock was sold at an average price of $16.78, for a total value of $58,612.54.
- On Monday, September 22nd, Gregory Bowles sold 12,900 shares of Joby Aviation stock. The shares were sold at an average price of $15.75, for a total transaction of $203,175.00.
Joby Aviation Trading Up 0.4%
NYSE JOBY opened at $13.95 on Wednesday. The stock has a market cap of $12.72 billion, a PE ratio of -10.41 and a beta of 2.52. Joby Aviation, Inc. has a 12 month low of $4.96 and a 12 month high of $20.95. The company's 50-day moving average price is $15.92 and its 200-day moving average price is $13.57.
Joby Aviation (NYSE:JOBY - Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.48) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.29). The company had revenue of $22.57 million for the quarter, compared to the consensus estimate of $0.02 million. Joby Aviation's quarterly revenue was up 7962.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.21) EPS. As a group, sell-side analysts forecast that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Asset Planning Inc raised its position in shares of Joby Aviation by 70.0% in the 3rd quarter. Asset Planning Inc now owns 1,700 shares of the company's stock worth $27,000 after acquiring an additional 700 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Joby Aviation by 284.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company's stock valued at $27,000 after buying an additional 1,880 shares in the last quarter. Canton Hathaway LLC bought a new position in shares of Joby Aviation during the 3rd quarter worth approximately $29,000. Hilltop National Bank purchased a new stake in Joby Aviation during the third quarter valued at approximately $32,000. Finally, GPS Wealth Strategies Group LLC boosted its stake in Joby Aviation by 32.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 3,097 shares of the company's stock valued at $33,000 after acquiring an additional 750 shares in the last quarter. 52.85% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Canaccord Genuity Group lowered Joby Aviation from a "buy" rating to a "hold" rating and boosted their price target for the company from $12.00 to $17.00 in a report on Thursday, August 7th. Wall Street Zen lowered Joby Aviation from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. HC Wainwright reissued a "neutral" rating on shares of Joby Aviation in a research report on Monday. Weiss Ratings restated a "sell (d-)" rating on shares of Joby Aviation in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Joby Aviation from $7.00 to $8.00 and gave the stock an "underweight" rating in a research note on Friday, October 31st. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $14.00.
Read Our Latest Research Report on Joby Aviation
About Joby Aviation
(
Get Free Report)
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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