Kate Dehoff Sells 13,789 Shares of Joby Aviation (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Kate Dehoff sold 13,789 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $16.78, for a total value of $231,379.42. Following the completion of the sale, the insider owned 162,390 shares in the company, valued at approximately $2,724,904.20. This trade represents a 7.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, September 22nd, Kate Dehoff sold 52,907 shares of Joby Aviation stock. The shares were 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 stock opened at $18.26 on Friday. The stock has a market capitalization of $15.63 billion, a price-to-earnings ratio of -17.06 and a beta of 2.52. The business’s fifty day moving average price is $15.70 and its two-hundred day moving average price is $10.99. Joby Aviation, Inc. has a fifty-two week low of $4.80 and a fifty-two week high of $20.95.

Joby Aviation (NYSE:JOBY) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.06). The business had revenue of $0.02 million during the quarter, compared to analysts’ expectations of $0.05 million. Joby Aviation’s revenue for the quarter was down 94.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.18) EPS. Research analysts expect that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on JOBY. HC Wainwright cut Joby Aviation from a “buy” rating to a “neutral” rating in a research report on Thursday, August 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a research report on Saturday, September 27th. JPMorgan Chase & Co. increased their price objective on Joby Aviation from $5.00 to $7.00 and gave the stock an “underweight” rating in a research report on Friday, August 1st. Canaccord Genuity Group lowered Joby Aviation from a “buy” rating to a “hold” rating and increased their target price for the stock from $12.00 to $17.00 in a report on Thursday, August 7th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $9.00 target price on shares of Joby Aviation in a report on Monday, June 23rd. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $10.50.

Institutional Trading of Joby Aviation

Large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings in shares of Joby Aviation by 284.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock worth $27,000 after purchasing an additional 1,880 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its stake in Joby Aviation by 32.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 3,097 shares of the company’s stock valued at $33,000 after buying an additional 750 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Joby Aviation in the second quarter valued at about $39,000. Solstein Capital LLC acquired a new stake in Joby Aviation in the second quarter valued at about $47,000. Finally, Laurel Wealth Advisors LLC boosted its stake in Joby Aviation by 954.8% in the second quarter. Laurel Wealth Advisors LLC now owns 5,369 shares of the company’s stock valued at $57,000 after buying an additional 4,860 shares in the last quarter. 52.85% of the stock is owned by institutional investors and hedge funds.

About Joby Aviation

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.