Joby Aviation (NYSE:JOBY) Insider Sells $231,379.42 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Kate Dehoff sold 13,789 shares of the stock in a transaction that occurred 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 completion of the sale, the insider directly owned 162,390 shares of the company’s stock, valued at approximately $2,724,904.20. This trade represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 shares were 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 shares were sold at an average price of $11.97, for a total value of $98,896.14.

Joby Aviation Price Performance

JOBY opened at $18.26 on Monday. Joby Aviation, Inc. has a 1 year low of $4.80 and a 1 year high of $20.95. The company has a market capitalization of $15.63 billion, a price-to-earnings ratio of -17.06 and a beta of 2.52. The firm’s fifty day moving average price is $15.70 and its two-hundred day moving average price is $11.02.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on JOBY shares. Cantor Fitzgerald restated a “neutral” rating and issued a $9.00 target price on shares of Joby Aviation in a research note on Monday, June 23rd. HC Wainwright downgraded Joby Aviation from a “buy” rating to a “neutral” rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. raised 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. Canaccord Genuity Group downgraded shares of Joby Aviation from a “buy” rating to a “hold” rating and boosted their price target for the stock from $12.00 to $17.00 in a report on Thursday, August 7th. Finally, Wall Street Zen downgraded shares of Joby Aviation from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $10.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new stake in Joby Aviation in the 4th quarter worth about $121,000. GAMMA Investing LLC increased its stake in shares of Joby Aviation by 5,161.0% in the first quarter. GAMMA Investing LLC now owns 34,091 shares of the company’s stock worth $205,000 after purchasing an additional 33,443 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Joby Aviation by 1.1% in the fourth quarter. California State Teachers Retirement System now owns 186,003 shares of the company’s stock valued at $1,512,000 after purchasing an additional 2,065 shares during the period. Intech Investment Management LLC lifted its stake in shares of Joby Aviation by 70.4% during the 1st quarter. Intech Investment Management LLC now owns 307,135 shares of the company’s stock valued at $1,849,000 after buying an additional 126,908 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Joby Aviation by 16.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 502,909 shares of the company’s stock worth $3,050,000 after buying an additional 71,695 shares during the period. Institutional investors own 52.85% of the company’s stock.

Joby Aviation Company Profile

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.