Kate Dehoff Sells 6,205 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

by · The Markets Daily

Joby Aviation, Inc. (NYSE:JOBY – Get Free Report) insider Kate Dehoff sold 6,205 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $8.10, for a total value of $50,260.50. Following the sale, the insider now owns 215,947 shares in the company, valued at approximately $1,749,170.70. This represents a 2.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Wednesday, October 16th, Kate Dehoff sold 27,898 shares of Joby Aviation stock. The stock was sold at an average price of $5.50, for a total transaction of $153,439.00.

Joby Aviation Price Performance

Shares of JOBY opened at $8.38 on Friday. The business’s 50 day simple moving average is $7.88 and its 200-day simple moving average is $6.29. Joby Aviation, Inc. has a one year low of $4.50 and a one year high of $10.72. The company has a market capitalization of $6.41 billion, a P/E ratio of -11.96 and a beta of 2.33.

Joby Aviation (NYSE:JOBY – Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.02). Joby Aviation had a negative return on equity of 51.76% and a negative net margin of 42,844.57%. The business had revenue of $0.28 million for the quarter, compared to the consensus estimate of $0.06 million. During the same quarter in the previous year, the company posted ($0.13) EPS. On average, sell-side analysts anticipate that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Joby Aviation

A number of hedge funds have recently added to or reduced their stakes in JOBY. Salem Investment Counselors Inc. lifted its position in shares of Joby Aviation by 5,000.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company’s stock worth $41,000 after purchasing an additional 5,000 shares in the last quarter. Larson Financial Group LLC raised its position in Joby Aviation by 218.3% in the 3rd quarter. Larson Financial Group LLC now owns 7,290 shares of the company’s stock worth $37,000 after purchasing an additional 5,000 shares during the last quarter. Empowered Funds LLC acquired a new position in Joby Aviation during the 3rd quarter worth $51,000. Sound Income Strategies LLC boosted its position in Joby Aviation by 3,311.3% in the 3rd quarter. Sound Income Strategies LLC now owns 10,302 shares of the company’s stock valued at $52,000 after buying an additional 10,000 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Joby Aviation by 403.0% in the 3rd quarter. International Assets Investment Management LLC now owns 11,468 shares of the company’s stock valued at $58,000 after buying an additional 9,188 shares during the period. Institutional investors own 52.85% of the company’s stock.

Wall Street Analyst Weigh In

JOBY has been the subject of a number of analyst reports. Needham & Company LLC raised their price objective on shares of Joby Aviation from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price objective on shares of Joby Aviation in a research note on Monday, September 30th. Canaccord Genuity Group raised their target price on Joby Aviation from $9.75 to $11.50 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. HC Wainwright reiterated a “buy” rating and issued a $9.00 price target on shares of Joby Aviation in a research report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. lowered Joby Aviation from a “neutral” rating to an “underweight” rating and increased their price objective for the stock from $5.00 to $6.00 in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.30.

Get Our Latest Report on JOBY

About Joby Aviation

(Get Free Report)

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.

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