Kate Dehoff Sells 6,903 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Kate Dehoff sold 6,903 shares of Joby Aviation stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $7.43, for a total value of $51,289.29. Following the transaction, the insider now owns 202,276 shares of the company's stock, valued at $1,502,910.68. The trade was a 3.30 % decrease in their position. 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 Monday, January 13th, Kate Dehoff sold 6,205 shares of Joby Aviation stock. The stock was sold at an average price of $8.10, for a total value of $50,260.50.

Joby Aviation Stock Up 3.6 %

JOBY traded up $0.28 during trading on Monday, reaching $7.86. 14,010,559 shares of the stock traded hands, compared to its average volume of 10,840,079. The stock has a market capitalization of $6.01 billion, a PE ratio of -11.22 and a beta of 2.33. The stock's 50-day moving average is $8.30 and its 200 day moving average is $6.60. Joby Aviation, Inc. has a 12 month low of $4.50 and a 12 month high of $10.72.

Institutional Trading of Joby Aviation

Institutional investors have recently bought and sold shares of the company. Bouvel Investment Partners LLC raised its holdings in shares of Joby Aviation by 1.4% in the 4th quarter. Bouvel Investment Partners LLC now owns 123,862 shares of the company's stock worth $1,007,000 after acquiring an additional 1,715 shares during the last quarter. NewEdge Advisors LLC increased its stake in Joby Aviation by 9.9% in the 4th quarter. NewEdge Advisors LLC now owns 21,505 shares of the company's stock valued at $175,000 after buying an additional 1,935 shares during the last quarter. Gallagher Fiduciary Advisors LLC increased its stake in Joby Aviation by 3.1% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 66,800 shares of the company's stock valued at $543,000 after buying an additional 2,000 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Joby Aviation by 6.6% during the 4th quarter. Private Advisor Group LLC now owns 36,774 shares of the company's stock worth $299,000 after purchasing an additional 2,261 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Joby Aviation by 35.3% during the 4th quarter. Larson Financial Group LLC now owns 9,864 shares of the company's stock worth $80,000 after purchasing an additional 2,574 shares during the last quarter. Institutional investors own 52.85% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on JOBY. HC Wainwright restated a "buy" rating and set a $9.00 price objective on shares of Joby Aviation in a report on Wednesday, December 18th. JPMorgan Chase & Co. downgraded shares of Joby Aviation from a "neutral" rating to an "underweight" rating and boosted their price objective for the company from $5.00 to $6.00 in a research report on Friday, January 10th. Needham & Company LLC upped their price target on shares of Joby Aviation from $8.00 to $10.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Finally, Canaccord Genuity Group upped their price target on shares of Joby Aviation from $9.75 to $11.50 and gave the stock a "buy" rating in a report on Wednesday, January 8th. 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $9.30.

Joby Aviation Company Profile

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.