Kate Dehoff Sells 9,720 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Kate Dehoff sold 9,720 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $6.00, for a total transaction of $58,320.00. Following the sale, the insider now owns 219,366 shares in the company, valued at approximately $1,316,196. The trade was a 4.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, March 5th, Kate Dehoff sold 1,121 shares of Joby Aviation stock. The stock was sold at an average price of $6.59, for a total value of $7,387.39.
• On Thursday, February 13th, Kate Dehoff sold 6,903 shares of Joby Aviation stock. The shares were sold at an average price of $7.43, for a total value of $51,289.29.
• On Monday, January 13th, Kate Dehoff sold 6,205 shares of Joby Aviation stock. The shares were sold at an average price of $8.10, for a total value of $50,260.50.

Joby Aviation Stock Down 5.4 %

Joby Aviation stock traded down $0.31 during mid-day trading on Friday, reaching $5.36. 16,382,199 shares of the company's stock traded hands, compared to its average volume of 10,978,230. Joby Aviation, Inc. has a 12-month low of $4.50 and a 12-month high of $10.72. The company has a market cap of $4.22 billion, a price-to-earnings ratio of -7.65 and a beta of 2.35. The stock has a 50 day moving average of $6.96 and a two-hundred day moving average of $6.93.

Remove Ads

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in JOBY. Bouvel Investment Partners LLC lifted its stake 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 valued at $1,007,000 after purchasing an additional 1,715 shares during the last quarter. NewEdge Advisors LLC lifted its position in Joby Aviation by 9.9% in the fourth quarter. NewEdge Advisors LLC now owns 21,505 shares of the company's stock worth $175,000 after buying an additional 1,935 shares during the last quarter. Gallagher Fiduciary Advisors LLC boosted its stake in Joby Aviation by 3.1% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 66,800 shares of the company's stock worth $543,000 after buying an additional 2,000 shares during the period. California State Teachers Retirement System increased its position in Joby Aviation by 1.1% during the fourth quarter. California State Teachers Retirement System now owns 186,003 shares of the company's stock valued at $1,512,000 after acquiring an additional 2,065 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of Joby Aviation by 6.6% in the fourth quarter. Private Advisor Group LLC now owns 36,774 shares of the company's stock valued at $299,000 after acquiring an additional 2,261 shares during the period. Institutional investors own 52.85% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on JOBY shares. HC Wainwright reaffirmed a "buy" rating and set a $9.00 price objective on shares of Joby Aviation in a report on Thursday, February 27th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $9.00 target price on shares of Joby Aviation in a research note on Thursday, February 27th. Needham & Company LLC reiterated a "buy" rating and issued a $10.00 price target on shares of Joby Aviation in a report on Thursday, February 27th. Canaccord Genuity Group increased their price objective on shares of Joby Aviation from $9.75 to $11.50 and gave the company a "buy" rating in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reduced their target price on Joby Aviation from $6.00 to $5.00 and set an "underweight" rating on the stock in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $8.90.

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.