Joby Aviation (NYSE:JOBY) Insider Kate Dehoff Sells 13,789 Shares

Joby Aviation, Inc. (NYSE:JOBY) insider Kate Dehoff sold 13,789 shares of Joby Aviation stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $16.78, for a total value of $231,379.42. Following the transaction, the insider owned 162,390 shares in the company, valued at approximately $2,724,904.20. This represents a 7.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Kate Dehoff also recently made the following trade(s):

• On Monday, September 22nd, Kate Dehoff sold 52,907 shares of Joby Aviation stock. The stock was sold at an average price of $15.76, for a total value of $833,814.32.
• On Tuesday, July 15th, Kate Dehoff sold 20,823 shares of Joby Aviation stock. The stock was sold at an average price of $13.67, for a total value of $284,650.41.
• On Monday, July 14th, Kate Dehoff sold 8,262 shares of Joby Aviation stock. The stock was sold at an average price of $11.97, for a total value of $98,896.14.

Joby Aviation Trading Up 2.6%

Shares of NYSE:JOBY opened at $18.26 on Friday. The business has a 50-day moving average price of $15.70 and a 200 day moving average price of $10.95. The company has a market capitalization of $15.63 billion, a price-to-earnings ratio of -17.06 and a beta of 2.52. Joby Aviation, Inc. has a 12-month low of $4.80 and a 12-month high of $20.95.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.06). The company had revenue of $0.02 million during the quarter, compared to analysts’ expectations of $0.05 million. The company’s revenue was down 94.6% on a year-over-year basis. During the same period last year, the firm earned ($0.18) earnings per share. As a group, equities research analysts predict that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Joby Aviation

Several institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its position in Joby Aviation by 16.1% in the 3rd quarter. GAMMA Investing LLC now owns 5,969 shares of the company’s stock valued at $96,000 after acquiring an additional 827 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of Joby Aviation during the second quarter worth about $461,000. Squarepoint Ops LLC grew its position in shares of Joby Aviation by 36,302.4% during the second quarter. Squarepoint Ops LLC now owns 760,251 shares of the company’s stock worth $8,021,000 after buying an additional 762,351 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of Joby Aviation during the second quarter worth about $168,000. Finally, Nautilus Advisors LLC acquired a new position in shares of Joby Aviation during the second quarter worth about $119,000. 52.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Joby Aviation in a research report on Saturday, September 27th. Canaccord Genuity Group downgraded Joby Aviation from a “buy” rating to a “hold” rating and raised their price objective for the stock from $12.00 to $17.00 in a research report on Thursday, August 7th. HC Wainwright downgraded Joby Aviation from a “buy” rating to a “neutral” rating in a research report on Thursday, August 7th. Wall Street Zen downgraded Joby Aviation from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Finally, JPMorgan Chase & Co. lifted their target price on Joby Aviation from $5.00 to $7.00 and gave the company an “underweight” rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $10.50.

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.