Joby Aviation (NYSE:JOBY) Insider Kate Dehoff Sells 8,279 Shares of Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Kate Dehoff sold 8,279 shares of the company’s stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $5.09, for a total value of $42,140.11. Following the transaction, the insider directly owned 196,964 shares in the company, valued at $1,002,546.76. The trade was a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 Friday, October 2nd, Kate Dehoff sold 9,575 shares of Joby Aviation stock. The stock was sold at an average price of $5.95, for a total value of $56,971.25.

Joby Aviation Stock Down 6.8%

Shares of NYSE JOBY opened at $4.62 on Thursday. Joby Aviation, Inc. has a one year low of $4.61 and a one year high of $18.77. The company has a debt-to-equity ratio of 0.40, a quick ratio of 17.98 and a current ratio of 17.98. The business has a 50-day moving average price of $6.70 and a two-hundred day moving average price of $8.24.

Joby Aviation (NYSE:JOBY) last released its earnings results on Wednesday, August 5th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.02). The business had revenue of $38.64 million for the quarter, compared to analysts’ expectations of $30.20 million. Joby Aviation had a negative net margin of 755.11% and a negative return on equity of 55.29%. The company’s revenue was up 257493.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.41) EPS. As a group, equities analysts expect that Joby Aviation, Inc. will post -1.00 earnings per share for the current year.

Institutional Trading of Joby Aviation

A number of institutional investors have recently bought and sold shares of the company. Ancora Advisors LLC purchased a new position in Joby Aviation in the second quarter valued at about $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Joby Aviation in the 4th quarter worth about $28,000. Leonteq Securities AG increased its position in Joby Aviation by 295.2% in the 1st quarter. Leonteq Securities AG now owns 4,351 shares of the company’s stock worth $36,000 after purchasing an additional 3,250 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of Joby Aviation during the 1st quarter worth about $37,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Joby Aviation by 95.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,385 shares of the company’s stock worth $44,000 after purchasing an additional 2,630 shares in the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

Joby Aviation News Summary

Here are the key news stories impacting Joby Aviation this week:

• Positive Sentiment: Joby’s potential upside remains tied to regulatory approval for commercial air-taxi operations. The company has begun flights in Texas, exceeded recent revenue expectations and has a manufacturing relationship with Toyota. A favorable regulatory decision could materially improve the valuation. Joby Could Be Worth Far More If One Piece of the Puzzle Falls Into Place
• Positive Sentiment: Some analysts still see significant long-term value, with the reported average price target at $12.72, well above the recent trading level. However, that consensus masks a widening divide between bullish commercialization expectations and bearish execution concerns. Joby Aviation Stock Has Average Target Price of $12.72 According to Analysts
• Neutral Sentiment: Insiders Eric Allison and Kate Dehoff sold shares to cover tax-withholding obligations from vested equity awards. The transactions reduced their holdings, but were described as tax-related sales rather than discretionary dispositions, limiting their significance as a signal of management’s outlook. SEC Filing for Eric Allison
• Negative Sentiment: Barclays cut its price target from $6 to $4 and downgraded Joby to Underweight following an October legal verdict. The move reinforces investor concerns about valuation, execution and the implications of the verdict for Joby’s growth and defense-related opportunities. Joby Aviation Stock Gets Fair Value Trim As Analyst Views Split After Verdict
• Negative Sentiment: Commentary also highlights competition, financing needs and doubts over whether Joby’s factory can support its ambitious production plans. These concerns have outweighed optimism about future air-taxi demand and contributed to the stock reaching a new 12-month low. Why Barclays Doubts Joby’s Factory Can Keep Up

Wall Street Analysts Forecast Growth

Several analysts recently commented on JOBY shares. Susquehanna set a $18.00 price target on shares of Joby Aviation in a report on Thursday, August 6th. HC Wainwright reaffirmed a “buy” rating and set a $18.00 price objective on shares of Joby Aviation in a research report on Monday, September 21st. Needham & Company LLC dropped their price objective on shares of Joby Aviation from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Barclays assumed coverage on shares of Joby Aviation in a research note on Friday, October 9th. They issued an “underweight” rating and a $4.00 price objective on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a research report on Monday. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Joby Aviation has a consensus rating of “Reduce” and a consensus price target of $12.72.

About Joby Aviation

Joby Aviation, Inc (NYSE: JOBY) is an aviation company developing all-electric vertical takeoff and landing (eVTOL) aircraft for commercial passenger transportation. Its aircraft are designed to take off and land vertically like a helicopter while providing quieter, lower-emission transportation for short urban and regional trips.

The company is pursuing an integrated air-taxi business model that includes designing and manufacturing its aircraft, operating passenger services, and developing the software and infrastructure needed to support aerial mobility.