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

Joby Aviation, Inc. (NYSE:JOBY) insider Kate Dehoff sold 6,205 shares of Joby Aviation stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $8.10, for a total transaction of $50,260.50. Following the transaction, the insider now owns 215,947 shares of the company’s stock, valued at approximately $1,749,170.70. The trade was a 2.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 Aviation stock traded down $0.11 during trading hours on Tuesday, hitting $7.85. The company’s stock had a trading volume of 11,665,120 shares, compared to its average volume of 19,690,748. The stock has a 50 day moving average of $7.70 and a 200 day moving average of $6.24. Joby Aviation, Inc. has a 12 month low of $4.50 and a 12 month high of $10.72. The company has a market capitalization of $6.01 billion, a PE ratio of -11.21 and a beta of 2.33.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.02). Joby Aviation had a negative net margin of 42,844.57% and a negative return on equity of 51.76%. The company had revenue of $0.28 million during the quarter, compared to the consensus estimate of $0.06 million. During the same quarter in the previous year, the business earned ($0.13) EPS. Equities analysts expect that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on JOBY shares. Needham & Company LLC raised their target price on shares of Joby Aviation from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. downgraded Joby Aviation from a “neutral” rating to an “underweight” rating and upped their target price for the stock from $5.00 to $6.00 in a research report on Friday. HC Wainwright restated a “buy” rating and issued a $9.00 target price on shares of Joby Aviation in a report on Wednesday, December 18th. Canaccord Genuity Group upped their price target on Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 target price on shares of Joby Aviation in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.30.

Institutional Investors Weigh In On Joby Aviation

Institutional investors have recently made changes to their positions in the stock. Intech Investment Management LLC acquired a new position in shares of Joby Aviation during the third quarter worth $518,000. Fred Alger Management LLC grew its stake in shares of Joby Aviation by 89.4% in the 3rd quarter. Fred Alger Management LLC now owns 123,368 shares of the company’s stock valued at $621,000 after buying an additional 58,229 shares during the period. Caprock Group LLC grew its stake in Joby Aviation by 179.5% in the third quarter. Caprock Group LLC now owns 124,404 shares of the company’s stock valued at $626,000 after acquiring an additional 79,896 shares during the period. Susquehanna Fundamental Investments LLC increased its stake in Joby Aviation by 1,018.5% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 677,116 shares of the company’s stock valued at $3,453,000 after purchasing an additional 616,579 shares in the last quarter. Finally, Holocene Advisors LP lifted its position in Joby Aviation by 91.7% in the 3rd quarter. Holocene Advisors LP now owns 521,327 shares of the company’s stock valued at $2,622,000 after acquiring an additional 249,375 shares in the last quarter. 52.85% of the stock is currently owned by institutional investors.

About Joby Aviation

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.