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

Joby Aviation, Inc. (NYSE:JOBY) insider Kate Dehoff sold 9,720 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $6.00, for a total value of $58,320.00. Following the completion of the sale, the insider now directly owns 219,366 shares of the company’s stock, valued at approximately $1,316,196. This represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 Price Performance

NYSE JOBY opened at $5.36 on Friday. Joby Aviation, Inc. has a 12 month low of $4.50 and a 12 month high of $10.72. The firm has a market capitalization of $4.22 billion, a PE ratio of -7.65 and a beta of 2.35. The company’s 50 day simple moving average is $6.96 and its 200 day simple moving average is $6.94.

Hedge Funds Weigh In On Joby Aviation

Several hedge funds have recently modified their holdings of JOBY. CreativeOne Wealth LLC acquired a new stake in shares of Joby Aviation in the third quarter valued at $79,000. Verition Fund Management LLC raised its position in Joby Aviation by 118.9% in the third quarter. Verition Fund Management LLC now owns 78,339 shares of the company’s stock worth $394,000 after acquiring an additional 42,544 shares in the last quarter. Holocene Advisors LP boosted its position in shares of Joby Aviation by 91.7% during the 3rd quarter. Holocene Advisors LP now owns 521,327 shares of the company’s stock valued at $2,622,000 after purchasing an additional 249,375 shares in the last quarter. State Street Corp grew its stake in shares of Joby Aviation by 9.5% in the 3rd quarter. State Street Corp now owns 9,372,636 shares of the company’s stock worth $47,144,000 after purchasing an additional 812,248 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its stake in shares of Joby Aviation by 15.4% in the 3rd quarter. EP Wealth Advisors LLC now owns 37,369 shares of the company’s stock worth $188,000 after purchasing an additional 5,000 shares during the last quarter. 52.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. 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 research report on Wednesday, January 8th. Needham & Company LLC restated a “buy” rating and issued a $10.00 price target on shares of Joby Aviation in a research note on Thursday, February 27th. JPMorgan Chase & Co. reduced their price objective on Joby Aviation from $6.00 to $5.00 and set an “underweight” rating for the company in a research report on Thursday, February 27th. Cantor Fitzgerald reissued an “overweight” rating and issued a $9.00 price objective on shares of Joby Aviation in a report on Thursday, February 27th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $9.00 target price on shares of Joby Aviation in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, Joby Aviation currently has an average rating of “Moderate Buy” and a consensus 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.