According to the latest disclosure made by the Securities and Exchange Commission, (SEC), the institutional investor purchased 12,442 shares of the company's stock valued at approximately $42,000. The institutional investor bought 12,442 shares worth $42,000 of the company stock.
Other institutional investors also increased or decreased their stakes in JOBY recently. Toroso Investments LLC increased its holdings of Joby Aviation by 19,5% in the first quarter. Toroso Investments LLC owns now 13,394 shares valued at $89,000, after adding 2,186 more shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings of Joby Aviation during the fourth quarter by 17.4%. Raymond James Financial Services Advisors Inc. owns 18,678 of the company’s stock worth $63,000, after buying an additional 2,762 during the last quarter. Royal Bank of Canada increased its holdings of Joby Aviation during the third quarter by 11.1%. Royal Bank of Canada owns 27,782 of the company’s stock worth $119,000, after buying an additional 2,774 during the last quarter. IFP Advisors Inc increased its holdings in Joby Aviation shares by 486,7% during the third quarter. IFP Advisors Inc owns now 3,737 shares valued at $38,000, after adding 3,100 more shares over the period. Citigroup Inc. increased its holdings in Joby Aviation shares by 12.5% during the fourth quarter. Citigroup Inc. owns now 28,663 shares valued at $96,000, after adding 3,175 additional shares. The company sold 29,434 of its shares in a deal that took place on Thursday, 23rd February. Stock was sold for $147,170.00 at an average of $5.00. The chief executive now owns 59 406,823 shares of the company valued at $297 034,115. In a transaction on Thursday, 23rd February, 29,434 shares were sold of Joby Aviation. The stock was purchased at an average of $5.00 for a transaction totaling $147,170.00. The chief executive now owns 59 406,823 shares, worth $297 034,115, of the company stock. Gregory Bowles, an insider, sold 42,151 of the company's shares in a deal dated February 23rd. The shares were sold for an average of $5.00 and had a value of $210 755.00. The insider owns now 32,851 of the company's shares, worth $164,255. Insiders sold 120,260 company shares worth $559 960 in the last quarter. Insiders control 51.30% the stock of a company.
Joby Aviation Price Performance
On Friday, the stock rose $0.06 to $4.80. Stock traded 1,854,181 more shares than its average of 2,890.894. The company has a moving average for fifty days of $4.10, and a moving average for two hundred days of $4.09. The market cap is $3.02billion, the P/E is -8.94, and beta is 1.59. Joby Aviation, Inc.'s 1-year low is $3.15, and its 1-year high is $7.15.
The company last announced its earnings on February 22nd. The company posted ($0.14) earnings per share for the quarter. This was $0.04 higher than the consensus estimate ($0.18). Analysts predict that Joby Aviation, Inc.'s current fiscal year will result in a -0.66 earnings per share.
Wall Street analysts forecast growth
Several brokerages have recently commented on Joby. In a research note published on Tuesday, 7th March, Deutsche Bank Aktiengesellschaft lowered the target price of Joby Aviation stock from $6.00 down to $4.00 and re-rated it from 'hold' to'sell. Morgan Stanley reduced their price target on Joby Aviation to $10 from $11.00 and gave the company an 'overweight rating' in a report published on Monday, 27th February. Three analysts have given the stock a hold recommendation, while one analyst has given the stock a buy recommendation. According to MarketBeat data, the average rating for the company is 'Hold' with a consensus price target of $6.13.
Joby Aviation Company profile
Joby Aviation, Inc, an air mobility vertically integrated company, builds electric vertical takeoffs and landings aircraft that are optimized for air transportation services. It plans to create an aerial ridesharing company. The company was founded by Santa Cruz, California in 2009.
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