Joby Aviation Sees Unusually Large Options Volume (NYSE:JOBY)

Joby Aviation, Inc. (NYSE:JOBY) saw some unusual options trading activity on Thursday. Investors bought 9,048 call options on the stock. This is an increase of 183% compared to the average volume of 3,192 call options.

Joby Aviation Trading Up 6.4 %

Shares of Joby Aviation stock traded up $0.40 on Friday, hitting $6.61. 14,505,036 shares of the company traded hands, compared to its average volume of 7,220,126. Joby Aviation has a 52 week low of $4.50 and a 52 week high of $10.96. The business has a 50-day simple moving average of $5.08 and a 200 day simple moving average of $5.38.

Joby Aviation (NYSE:JOBY) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.03. The company had revenue of $0.03 million for the quarter, compared to the consensus estimate of $0.05 million. The company’s quarterly revenue was down 97.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.16) EPS. On average, equities analysts predict that Joby Aviation will post -0.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

JOBY has been the topic of several recent research reports. Cantor Fitzgerald restated an “overweight” rating and set a $10.00 target price on shares of Joby Aviation in a research note on Monday, July 1st. JPMorgan Chase & Co. upgraded shares of Joby Aviation from an “underweight” rating to a “neutral” rating and set a $5.00 target price on the stock in a research note on Friday, May 3rd.

Insider Activity at Joby Aviation

In other Joby Aviation news, CEO Joeben Bevirt sold 5,448 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $4.64, for a total transaction of $25,278.72. Following the transaction, the chief executive officer now owns 662,605 shares in the company, valued at approximately $3,074,487.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Joby Aviation news, CEO Joeben Bevirt sold 5,448 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $4.64, for a total transaction of $25,278.72. Following the transaction, the chief executive officer now owns 662,605 shares in the company, valued at approximately $3,074,487.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eric Allison sold 19,393 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $4.70, for a total transaction of $91,147.10. Following the transaction, the insider now owns 422,592 shares in the company, valued at approximately $1,986,182.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 354,975 shares of company stock valued at $1,733,124. 32.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Joby Aviation

Several large investors have recently bought and sold shares of the business. SG Americas Securities LLC increased its position in Joby Aviation by 346.4% during the second quarter. SG Americas Securities LLC now owns 336,062 shares of the company’s stock valued at $1,714,000 after acquiring an additional 260,780 shares during the last quarter. DNB Asset Management AS increased its position in Joby Aviation by 21.1% during the second quarter. DNB Asset Management AS now owns 88,906 shares of the company’s stock valued at $453,000 after acquiring an additional 15,504 shares during the last quarter. Cetera Advisors LLC increased its position in Joby Aviation by 32.9% during the first quarter. Cetera Advisors LLC now owns 20,276 shares of the company’s stock valued at $109,000 after acquiring an additional 5,025 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Joby Aviation by 5.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 193,322 shares of the company’s stock valued at $1,037,000 after acquiring an additional 10,234 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Joby Aviation during the first quarter valued at $15,357,000. Institutional investors own 45.54% of the company’s stock.

Joby Aviation Company Profile

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.