ARK Investment Management LLC Purchases 227,331 Shares of Joby Aviation, Inc. (NYSE:JOBY)

ARK Investment Management LLC lifted its position in Joby Aviation, Inc. (NYSE:JOBY) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,404,900 shares of the company’s stock after acquiring an additional 227,331 shares during the quarter. ARK Investment Management LLC owned 0.49% of Joby Aviation worth $22,643,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Harbour Investments Inc. raised its holdings in shares of Joby Aviation by 155.0% in the second quarter. Harbour Investments Inc. now owns 2,468 shares of the company’s stock valued at $25,000 after acquiring an additional 1,500 shares in the last quarter. Sittner & Nelson LLC raised its holdings in shares of Joby Aviation by 100.0% in the third quarter. Sittner & Nelson LLC now owns 4,000 shares of the company’s stock valued at $26,000 after acquiring an additional 2,000 shares in the last quarter. FMR LLC raised its holdings in shares of Joby Aviation by 60.7% in the first quarter. FMR LLC now owns 6,065 shares of the company’s stock valued at $26,000 after acquiring an additional 2,290 shares in the last quarter. Toroso Investments LLC bought a new stake in shares of Joby Aviation in the fourth quarter valued at about $36,000. Finally, Harbor Investment Advisory LLC raised its holdings in shares of Joby Aviation by 466.7% in the third quarter. Harbor Investment Advisory LLC now owns 6,800 shares of the company’s stock valued at $44,000 after acquiring an additional 5,600 shares in the last quarter. 45.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Joby Aviation

In other Joby Aviation news, CEO Joeben Bevirt sold 20,816 shares of Joby Aviation stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $6.13, for a total value of $127,602.08. Following the transaction, the chief executive officer now owns 585,577 shares in the company, valued at $3,589,587.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Joby Aviation news, CEO Joeben Bevirt sold 20,816 shares of Joby Aviation stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $6.13, for a total value of $127,602.08. Following the transaction, the chief executive officer now owns 585,577 shares in the company, valued at $3,589,587.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Didier Papadopoulos sold 7,858 shares of Joby Aviation stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $6.13, for a total value of $48,169.54. Following the completion of the transaction, the insider now owns 17,330 shares in the company, valued at approximately $106,232.90. The disclosure for this sale can be found here. Insiders have sold 297,906 shares of company stock worth $1,576,314 over the last quarter. Insiders own 49.50% of the company’s stock.

Joby Aviation Stock Performance

JOBY stock opened at $5.42 on Thursday. The business has a 50-day moving average price of $5.61 and a 200 day moving average price of $6.01. Joby Aviation, Inc. has a 1-year low of $3.72 and a 1-year high of $11.98.

Joby Aviation (NYSE:JOBY) last posted its earnings results on Wednesday, February 21st. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.02. The company had revenue of $1.03 million during the quarter, compared to analysts’ expectations of $1.50 million. During the same quarter last year, the firm earned ($0.14) EPS. On average, equities analysts anticipate that Joby Aviation, Inc. will post -0.72 EPS for the current year.

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.