Joby Aviation (NYSE:JOBY) Insider Sells $105,245.28 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Kate Dehoff sold 7,092 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $14.84, for a total transaction of $105,245.28. Following the transaction, the insider owned 177,629 shares in the company, valued at $2,636,014.36. This represents a 3.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, January 14th, Kate Dehoff sold 28,260 shares of Joby Aviation stock. The shares were sold at an average price of $14.72, for a total value of $415,987.20.
• 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 value of $141,638.84.

Joby Aviation Stock Performance

JOBY stock opened at $15.42 on Friday. The stock’s 50 day simple moving average is $14.56 and its 200 day simple moving average is $15.20. The company has a market cap of $14.06 billion, a P/E ratio of -11.51 and a beta of 2.56. Joby Aviation, Inc. has a fifty-two week low of $4.96 and a fifty-two week high of $20.95.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings data 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 period in the previous year, the business earned ($0.21) earnings per share. The business’s revenue for the quarter was up 7962.1% on a year-over-year basis. Equities analysts predict that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on JOBY shares. Zacks Research upgraded shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Joby Aviation in a research report on Wednesday, October 8th. Morgan Stanley upped their target price on shares of Joby Aviation from $7.00 to $15.00 and gave the stock an “equal weight” rating in a report on Thursday, October 9th. Needham & Company LLC reiterated a “buy” rating and set a $22.00 price target on shares of Joby Aviation in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Joby Aviation from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Joby Aviation currently has an average rating of “Reduce” and a consensus target price of $13.43.

Institutional Trading of Joby Aviation

A number of institutional investors and hedge funds have recently modified their holdings of JOBY. Toyota Motor Corp lifted its holdings in Joby Aviation by 63.1% during the second quarter. Toyota Motor Corp now owns 128,454,401 shares of the company’s stock worth $1,355,194,000 after acquiring an additional 49,701,790 shares during the period. Vanguard Group Inc. grew its stake in Joby Aviation by 13.2% in the 3rd quarter. Vanguard Group Inc. now owns 49,948,325 shares of the company’s stock valued at $806,166,000 after purchasing an additional 5,828,189 shares during the period. Geode Capital Management LLC increased its position in shares of Joby Aviation by 5.4% during the 2nd quarter. Geode Capital Management LLC now owns 11,109,935 shares of the company’s stock valued at $117,230,000 after purchasing an additional 573,328 shares during the last quarter. State Street Corp raised its stake in shares of Joby Aviation by 3.0% during the 2nd quarter. State Street Corp now owns 10,392,018 shares of the company’s stock worth $109,636,000 after purchasing an additional 305,109 shares during the period. Finally, Rheos Capital Works Inc. raised its stake in shares of Joby Aviation by 58.2% during the 2nd quarter. Rheos Capital Works Inc. now owns 7,205,000 shares of the company’s stock worth $76,013,000 after purchasing an additional 2,650,000 shares during the period. 52.85% of the stock is owned by hedge funds and other institutional investors.

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.