Kate Dehoff Sells 8,381 Shares of Joby Aviation (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Kate Dehoff sold 8,381 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $7.53, for a total value of $63,108.93. Following the transaction, the insider directly owned 194,419 shares of the company’s stock, valued at $1,463,975.07. This trade represents a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 Tuesday, July 14th, Kate Dehoff sold 14,240 shares of Joby Aviation stock. The stock was sold at an average price of $7.73, for a total value of $110,075.20.
• On Thursday, July 2nd, Kate Dehoff sold 9,575 shares of Joby Aviation stock. The stock was sold at an average price of $8.92, for a total value of $85,409.00.

Joby Aviation Trading Down 1.7%

NYSE:JOBY opened at $7.75 on Thursday. The firm has a market capitalization of $7.63 billion, a P/E ratio of -6.74 and a beta of 2.71. The business has a 50 day simple moving average of $9.76 and a 200 day simple moving average of $10.42. The company has a debt-to-equity ratio of 0.36, a current ratio of 22.06 and a quick ratio of 22.05. Joby Aviation, Inc. has a 12-month low of $7.43 and a 12-month high of $20.95.

Joby Aviation (NYSE:JOBY) last issued its earnings results on Tuesday, May 5th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.09. The firm had revenue of $24.25 million for the quarter, compared to analyst estimates of $20.17 million. Joby Aviation had a negative return on equity of 60.54% and a negative net margin of 1,232.62%.During the same period last year, the company earned ($0.11) earnings per share. Equities research analysts predict that Joby Aviation, Inc. will post -0.83 EPS for the current year.

Hedge Funds Weigh In On Joby Aviation

Several large investors have recently bought and sold shares of JOBY. Vanguard Group Inc. raised its position in shares of Joby Aviation by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 52,488,707 shares of the company’s stock worth $692,851,000 after buying an additional 2,540,382 shares in the last quarter. Geode Capital Management LLC boosted 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 valued at $155,671,000 after acquiring an additional 390,794 shares in the last quarter. State Street Corp boosted its holdings in shares of Joby Aviation by 5.0% in the fourth quarter. State Street Corp now owns 10,812,929 shares of the company’s stock valued at $142,731,000 after acquiring an additional 512,129 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of 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 during the period. Finally, Bank of America Corp DE increased its stake in shares of 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 during the period. Institutional investors and hedge funds own 52.85% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Joby Aviation from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday. Morgan Stanley decreased their target price on shares of Joby Aviation from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Needham & Company LLC restated a “buy” rating and issued a $18.00 price target on shares of Joby Aviation in a research note on Wednesday, May 6th. Wall Street Zen raised Joby Aviation from a “strong sell” rating to a “sell” rating in a report on Sunday, May 10th. Finally, Canaccord Genuity Group reduced their price objective on Joby Aviation from $15.50 to $11.50 and set a “hold” rating for the company in a research report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Joby Aviation currently has an average rating of “Reduce” and a consensus target price of $13.64.

Joby Aviation News Roundup

Here are the key news stories impacting Joby Aviation this week:

• Positive Sentiment: Joby advanced its eVTOL certification efforts by completing adverse-weather and propulsion-loss testing, reinforcing confidence in the safety and reliability of its aircraft as it moves toward commercialization. Joby’s eVTOL passes adverse weather test, simulates propeller failure
• Positive Sentiment: The company also highlighted testing that suggests its air taxi could make a JFK-to-Manhattan trip in about seven minutes, a high-profile milestone that underscores the potential speed advantage of Joby’s service model. Joby’s air taxi aces test, promises 7-minute JFK to Manhattan flights
• Neutral Sentiment: Recent commentary noted that Joby is making visible technical progress, but investors still have to weigh that against a long and capital-intensive path to commercial scale. JOBY Stock: Flying High or Overpriced Sci-Fi?
• Negative Sentiment: Insiders, including Eric Allison and Kate Dehoff, sold shares in recent filings. Although the sales were tied to tax withholding and Rule 10b5-1 plans, the reduced ownership can still weigh on near-term investor sentiment. Joby Aviation Insiders Sell JOBY Stock, but Tax-Related Trades Limit the Bearish Signal

About Joby Aviation

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.