Insider Selling: Joby Aviation (NYSE:JOBY) Insider Sells $11,351.80 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Kate Dehoff sold 1,076 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $10.55, for a total value of $11,351.80. Following the transaction, the insider directly owned 165,604 shares of the company’s stock, valued at approximately $1,747,122.20. This represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, February 11th, Kate Dehoff sold 16,235 shares of Joby Aviation stock. The shares were sold at an average price of $9.91, for a total transaction of $160,888.85.
• On Monday, February 2nd, Kate Dehoff sold 8,194 shares of Joby Aviation stock. The stock was sold at an average price of $10.48, for a total transaction of $85,873.12.
• 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 transaction of $415,987.20.
• On Tuesday, January 13th, Kate Dehoff sold 7,092 shares of Joby Aviation stock. The stock was sold at an average price of $14.84, for a total transaction of $105,245.28.
• On Friday, January 2nd, Kate Dehoff sold 10,484 shares of Joby Aviation stock. The stock was sold at an average price of $13.51, for a total transaction of $141,638.84.

Joby Aviation Price Performance

NYSE:JOBY opened at $9.90 on Friday. Joby Aviation, Inc. has a 12 month low of $4.96 and a 12 month high of $20.95. The firm has a market capitalization of $9.02 billion, a PE ratio of -7.39 and a beta of 2.57. The business’s fifty day moving average price is $13.52 and its 200 day moving average price is $14.90.

Institutional Trading of Joby Aviation

A number of large investors have recently bought and sold shares of the business. Toyota Motor Corp boosted its stake in shares of 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 buying an additional 49,701,790 shares during the period. Vanguard Group Inc. increased its position in Joby Aviation by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 52,488,707 shares of the company’s stock valued at $692,851,000 after acquiring an additional 2,540,382 shares during the period. Geode Capital Management LLC raised its stake in Joby Aviation by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 11,790,532 shares of the company’s stock valued at $155,671,000 after acquiring an additional 390,794 shares during the last quarter. State Street Corp lifted its position in Joby Aviation by 5.0% during the 4th quarter. State Street Corp now owns 10,812,929 shares of the company’s stock worth $142,731,000 after acquiring an additional 512,129 shares during the period. Finally, Rheos Capital Works Inc. lifted its position in 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 acquiring an additional 2,650,000 shares during the period. Institutional investors and hedge funds own 52.85% of the company’s stock.

Analysts Set New Price Targets

JOBY has been the subject of several recent analyst reports. Canaccord Genuity Group restated a “hold” rating and set a $15.50 target price on shares of Joby Aviation in a research note on Tuesday, February 3rd. The Goldman Sachs Group initiated coverage on shares of Joby Aviation in a report on Monday, December 1st. They set a “sell” rating and a $10.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and issued a $22.00 target price on shares of Joby Aviation in a report on Thursday, November 6th. Zacks Research raised shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Joby Aviation from $7.00 to $8.00 and gave the company an “underweight” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $13.21.

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.