Joby Aviation, Inc. (NYSE:JOBY) Insider Kate Dehoff Sells 9,720 Shares

Joby Aviation, Inc. (NYSE:JOBY) insider Kate Dehoff sold 9,720 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $6.00, for a total value of $58,320.00. Following the completion of the sale, the insider now owns 219,366 shares in the company, valued at $1,316,196. The trade was a 4.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, March 5th, Kate Dehoff sold 1,121 shares of Joby Aviation stock. The shares were sold at an average price of $6.59, for a total value of $7,387.39.
• On Thursday, February 13th, Kate Dehoff sold 6,903 shares of Joby Aviation stock. The stock was sold at an average price of $7.43, for a total transaction of $51,289.29.
• On Monday, January 13th, Kate Dehoff sold 6,205 shares of Joby Aviation stock. The shares were sold at an average price of $8.10, for a total transaction of $50,260.50.

Joby Aviation Price Performance

NYSE JOBY traded down $0.40 during mid-day trading on Thursday, hitting $5.65. The stock had a trading volume of 13,978,531 shares, compared to its average volume of 10,905,038. The firm’s 50 day moving average is $7.09 and its 200 day moving average is $6.94. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of -8.06 and a beta of 2.35. Joby Aviation, Inc. has a twelve month low of $4.50 and a twelve month high of $10.72.

Analyst Upgrades and Downgrades

JOBY has been the subject of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $9.00 price objective on shares of Joby Aviation in a report on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and issued a $10.00 price target on shares of Joby Aviation in a research note on Thursday, February 27th. HC Wainwright reiterated a “buy” rating and set a $9.00 price target on shares of Joby Aviation in a research report on Thursday, February 27th. JPMorgan Chase & Co. cut their price objective on Joby Aviation from $6.00 to $5.00 and set an “underweight” rating for the company in a research report on Thursday, February 27th. Finally, Canaccord Genuity Group increased their target price on Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $8.90.

Institutional Investors Weigh In On Joby Aviation

Large investors have recently made changes to their positions in the stock. Toyota Motor Corp purchased a new position in shares of Joby Aviation during the 4th quarter worth $640,259,000. Uber Technologies Inc purchased a new stake in shares of Joby Aviation in the 4th quarter valued at approximately $207,842,000. Vanguard Group Inc. grew its position in Joby Aviation by 15.8% in the fourth quarter. Vanguard Group Inc. now owns 46,760,562 shares of the company’s stock worth $380,163,000 after acquiring an additional 6,388,232 shares during the period. Nuveen Asset Management LLC increased its position in shares of Joby Aviation by 331.4% during the 4th quarter. Nuveen Asset Management LLC now owns 4,260,082 shares of the company’s stock worth $34,634,000 after purchasing an additional 3,272,597 shares during the last quarter. Finally, Baillie Gifford & Co. increased its position in shares of Joby Aviation by 4.3% during the fourth quarter. Baillie Gifford & Co. now owns 55,032,165 shares of the company’s stock valued at $447,412,000 after acquiring an additional 2,281,161 shares during the last quarter. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

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.