Joby Aviation (NYSE:JOBY) Insider Sells $85,873.12 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Kate Dehoff sold 8,194 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $10.48, for a total value of $85,873.12. Following the completion of the sale, the insider owned 163,722 shares in the company, valued at approximately $1,715,806.56. This represents a 4.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, January 14th, Kate Dehoff sold 28,260 shares of Joby Aviation stock. The stock was sold at an average price of $14.72, for a total transaction of $415,987.20.
• On Tuesday, January 13th, Kate Dehoff sold 7,092 shares of Joby Aviation stock. The shares were sold at an average price of $14.84, for a total transaction of $105,245.28.
• On Friday, January 2nd, Kate Dehoff sold 10,484 shares of Joby Aviation stock. The shares were sold at an average price of $13.51, for a total transaction of $141,638.84.

Joby Aviation Price Performance

Shares of NYSE JOBY opened at $9.45 on Friday. Joby Aviation, Inc. has a 12-month low of $4.96 and a 12-month high of $20.95. The firm’s 50-day moving average is $14.04 and its two-hundred day moving average is $15.19. The company has a market capitalization of $8.61 billion, a PE ratio of -7.05 and a beta of 2.57.

Joby Aviation (NYSE:JOBY) last announced its earnings results on Wednesday, November 5th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.29). The business had revenue of $22.57 million during the quarter, compared to analysts’ expectations of $0.02 million. During the same quarter in the previous year, the business posted ($0.21) EPS. The business’s revenue was up 7962.1% compared to the same quarter last year. On average, analysts forecast that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

Hedge Funds Weigh In On Joby Aviation

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp lifted its holdings in Joby Aviation by 207.4% in the fourth quarter. Fifth Third Bancorp now owns 1,998 shares of the company’s stock worth $26,000 after purchasing an additional 1,348 shares during the period. Asset Planning Inc raised its holdings in Joby Aviation by 70.0% during the third quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock worth $27,000 after purchasing an additional 700 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Joby Aviation by 284.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock worth $27,000 after purchasing an additional 1,880 shares in the last quarter. Canton Hathaway LLC acquired a new stake in Joby Aviation in the third quarter worth approximately $29,000. Finally, Strategic Advocates LLC bought a new position in Joby Aviation during the 3rd quarter valued at $29,000. 52.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

JOBY has been the subject of several analyst reports. Canaccord Genuity Group reiterated a “hold” rating and issued a $15.50 target price on shares of Joby Aviation in a research note on Tuesday. Needham & Company LLC reissued a “buy” rating and issued a $22.00 target price on shares of Joby Aviation in a research note on Thursday, November 6th. JPMorgan Chase & Co. raised their target price on Joby Aviation from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Friday, October 31st. The Goldman Sachs Group initiated coverage on shares of Joby Aviation in a research report on Monday, December 1st. They set a “sell” rating and a $10.00 target price on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $13.21.

Joby Aviation Company Profile

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company’s core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby’s eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company’s flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.