Joby Aviation (NYSE:JOBY) Insider Kate Dehoff Sells 8,381 Shares

Joby Aviation, Inc. (NYSE:JOBY) insider Kate Dehoff sold 8,381 shares of the firm’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $7.53, for a total value of $63,108.93. Following the sale, the insider owned 194,419 shares in the company, valued at $1,463,975.07. This trade represents a 4.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, July 14th, Kate Dehoff sold 14,240 shares of Joby Aviation stock. The shares were sold at an average price of $7.73, for a total value of $110,075.20.
• On Thursday, July 2nd, Kate Dehoff sold 9,575 shares of Joby Aviation stock. The stock was sold at an average price of $8.92, for a total value of $85,409.00.

Joby Aviation Trading Up 5.5%

NYSE JOBY traded up $0.41 during trading hours on Tuesday, hitting $7.89. 49,000,015 shares of the company’s stock were exchanged, compared to its average volume of 30,872,689. The business’s 50 day moving average is $9.84 and its 200-day moving average is $10.51. The company has a debt-to-equity ratio of 0.36, a quick ratio of 22.05 and a current ratio of 22.06. Joby Aviation, Inc. has a 12-month low of $7.43 and a 12-month high of $20.95. The firm has a market capitalization of $7.77 billion, a P/E ratio of -6.87 and a beta of 2.71.

Joby Aviation (NYSE:JOBY) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.09. Joby Aviation had a negative return on equity of 60.54% and a negative net margin of 1,232.62%.The company had revenue of $24.25 million during the quarter, compared to analysts’ expectations of $20.17 million. During the same quarter in the previous year, the business earned ($0.11) EPS. As a group, analysts anticipate that Joby Aviation, Inc. will post -0.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Joby Aviation

Hedge funds have recently modified their holdings of the stock. GoalVest Advisory LLC lifted its position in Joby Aviation by 2.1% during the 4th quarter. GoalVest Advisory LLC now owns 33,500 shares of the company’s stock worth $442,000 after acquiring an additional 700 shares in the last quarter. EP Wealth Advisors LLC grew its position in Joby Aviation by 2.2% in the second quarter. EP Wealth Advisors LLC now owns 38,228 shares of the company’s stock valued at $403,000 after acquiring an additional 821 shares in the last quarter. Signaturefd LLC grew its position in Joby Aviation by 8.4% in the fourth quarter. Signaturefd LLC now owns 11,218 shares of the company’s stock valued at $148,000 after acquiring an additional 872 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of Joby Aviation by 38.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,256 shares of the company’s stock valued at $56,000 after purchasing an additional 1,188 shares during the period. Finally, Strs Ohio increased its stake in Joby Aviation by 2.5% during the 1st quarter. Strs Ohio now owns 50,000 shares of the company’s stock worth $413,000 after buying an additional 1,200 shares during the period. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on JOBY shares. Canaccord Genuity Group dropped their price target on shares of Joby Aviation from $15.50 to $11.50 and set a “hold” rating for the company in a research report on Thursday, May 7th. Wall Street Zen raised shares of Joby Aviation from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 10th. Morgan Stanley decreased their price objective on shares of Joby Aviation from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. Weiss Ratings downgraded shares of Joby Aviation from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $18.00 target price on shares of Joby Aviation in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $13.64.

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.