Joby Aviation, Inc. (NYSE:JOBY – Get Free Report) insider Kate Dehoff sold 14,295 shares of the company’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $8.73, for a total transaction of $124,795.35. Following the sale, the insider directly owned 163,567 shares of the company’s stock, valued at $1,427,939.91. The trade was a 8.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 Monday, April 13th, Kate Dehoff sold 8,310 shares of Joby Aviation stock. The stock was sold at an average price of $8.20, for a total transaction of $68,142.00.
- On Wednesday, April 8th, Kate Dehoff sold 667 shares of Joby Aviation stock. The shares were sold at an average price of $8.87, for a total transaction of $5,916.29.
- On Wednesday, March 11th, Kate Dehoff sold 1,433 shares of Joby Aviation stock. The shares were sold at an average price of $9.90, for a total transaction of $14,186.70.
- On Tuesday, March 10th, Kate Dehoff sold 2,193 shares of Joby Aviation stock. The stock was sold at an average price of $10.25, for a total transaction of $22,478.25.
- On Friday, February 13th, Kate Dehoff sold 8,539 shares of Joby Aviation stock. The stock was sold at an average price of $9.88, for a total transaction of $84,365.32.
- On Wednesday, February 11th, Kate Dehoff sold 16,235 shares of Joby Aviation stock. The stock was sold at an average price of $9.91, for a total transaction of $160,888.85.
- On Tuesday, February 10th, Kate Dehoff sold 1,076 shares of Joby Aviation stock. The shares were sold at an average price of $10.55, for a total transaction of $11,351.80.
- 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 value of $85,873.12.
- On Wednesday, January 14th, Kate Dehoff sold 28,260 shares of Joby Aviation stock. The stock was sold at an average price of $14.72, for a total value of $415,987.20.
Joby Aviation Trading Up 3.3%
NYSE JOBY traded up $0.28 on Tuesday, hitting $8.80. 20,392,352 shares of the company traded hands, compared to its average volume of 26,519,480. The business’s 50 day moving average price is $9.49 and its 200-day moving average price is $13.10. Joby Aviation, Inc. has a 52-week low of $5.61 and a 52-week high of $20.95. The company has a market capitalization of $8.02 billion, a price-to-earnings ratio of -7.72 and a beta of 2.68.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on JOBY shares. HC Wainwright reissued a “buy” rating and issued a $18.00 target price on shares of Joby Aviation in a report on Thursday, March 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a research report on Thursday, January 22nd. Canaccord Genuity Group reissued a “hold” rating and issued a $15.50 price objective on shares of Joby Aviation in a research note on Tuesday, February 3rd. Oppenheimer set a $18.00 price objective on shares of Joby Aviation in a research report on Thursday, February 26th. Finally, Needham & Company LLC dropped their target price on shares of Joby Aviation to $18.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $13.81.
Get Our Latest Analysis on Joby Aviation
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Joby Aviation by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 52,488,707 shares of the company’s stock valued at $692,851,000 after buying an additional 2,540,382 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Joby Aviation by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 11,790,532 shares of the company’s stock worth $155,671,000 after buying an additional 390,794 shares in the last quarter. State Street Corp boosted its position in shares of Joby Aviation by 5.0% during the fourth 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 last quarter. Charles Schwab Investment Management Inc. grew its stake in Joby Aviation by 6.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,370,983 shares of the company’s stock valued at $57,697,000 after acquiring an additional 271,475 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Joby Aviation by 41.2% during the third quarter. Bank of America Corp DE now owns 4,192,109 shares of the company’s stock valued at $67,661,000 after acquiring an additional 1,223,412 shares in the last quarter. 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.
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