Joby Aviation, Inc. (NYSE:JOBY – Get Free Report) insider Kate Dehoff sold 8,279 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $5.09, for a total transaction of $42,140.11. Following the sale, the insider directly owned 196,964 shares of the company’s stock, valued at $1,002,546.76. The trade was a 4.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 transaction of $56,971.25.
Joby Aviation Stock Down 6.8%
JOBY traded down $0.34 during trading on Wednesday, hitting $4.62. The company had a trading volume of 26,456,600 shares, compared to its average volume of 31,083,809. The company has a market cap of $4.56 billion, a PE ratio of -4.66 and a beta of 2.66. The business has a 50-day moving average of $6.76 and a 200-day moving average of $8.27. The company has a debt-to-equity ratio of 0.40, a current ratio of 17.98 and a quick ratio of 17.98. Joby Aviation, Inc. has a 1-year low of $4.61 and a 1-year high of $18.77.
Hedge Funds Weigh In On Joby Aviation
Large investors have recently added to or reduced their stakes in the company. Strs Ohio grew its holdings in Joby Aviation by 2.5% during the first quarter. Strs Ohio now owns 50,000 shares of the company’s stock worth $413,000 after acquiring an additional 1,200 shares during the period. PNC Financial Services Group Inc. raised its position in Joby Aviation by 11.1% in the first quarter. PNC Financial Services Group Inc. now owns 15,304 shares of the company’s stock worth $126,000 after acquiring an additional 1,532 shares in the last quarter. RFG Advisory LLC lifted its holdings in Joby Aviation by 12.3% in the 1st quarter. RFG Advisory LLC now owns 14,004 shares of the company’s stock valued at $116,000 after acquiring an additional 1,539 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Joby Aviation in the 4th quarter valued at about $28,000. Finally, International Assets Investment Management LLC lifted its holdings in Joby Aviation by 14.9% in the 1st quarter. International Assets Investment Management LLC now owns 16,566 shares of the company’s stock valued at $137,000 after acquiring an additional 2,150 shares during the last quarter. 52.85% of the stock is currently owned by institutional investors.
Trending Headlines about Joby Aviation
Here are the key news stories impacting Joby Aviation this week:
- Positive Sentiment: Joby has begun flights in Texas, exceeded revenue expectations in its latest reported quarter and has a manufacturing relationship with Toyota. A favorable regulatory decision could materially improve the company’s commercial prospects and valuation. Joby Could Be Worth Far More If One Piece of the Puzzle Falls Into Place
- Positive Sentiment: Some analysts still see substantial upside, with the reported average price target around $12.72—well above the stock’s recent trading range—reflecting optimism about eventual air-taxi commercialization and defense applications. Joby Aviation Stock Has Average Target Price of $12.72 According to Analysts
- Neutral Sentiment: Coverage is split. Investors are balancing Joby’s growth potential and strategic partnerships against its substantial cash needs, operating losses and uncertainty over the timing and scale of commercial service. Joby Aviation Stock: Is It a No-Brainer Buy at $5?
- Negative Sentiment: Barclays analyst Anthony Valentini reduced his price target from $6 to $4 and downgraded JOBY to Underweight after an October legal verdict. The revision highlights concerns about valuation and whether Joby’s factory can expand production quickly enough to support its ambitions. Joby Aviation Stock Gets Fair Value Trim As Analyst Views Split After Verdict
- Negative Sentiment: Joby is seeking to overturn a $117 million trade-secrets verdict, creating a potentially significant financial and reputational overhang. Joby Seeks to Overturn $117 Million Trade Secrets Verdict
- Negative Sentiment: Broader investor concerns include competition, future financing requirements and heavy spending to develop and manufacture electric air taxis. Those risks have contributed to JOBY’s steep annual decline and recent 52-week lows. Why Did ASTS, CIFR, JOBY Stocks Plunge To 52-Week Lows Today?
Analyst Ratings Changes
JOBY has been the topic of a number of recent analyst reports. Susquehanna set a $18.00 target price on shares of Joby Aviation in a research note on Thursday, August 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a research note on Monday. Needham & Company LLC decreased their price target on Joby Aviation from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. HC Wainwright reissued a “buy” rating and issued a $18.00 price objective on shares of Joby Aviation in a report on Monday, September 21st. Finally, Wall Street Zen lowered Joby Aviation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th. Two research 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $12.72.
View Our Latest Report on JOBY
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.
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