Insider Selling: Joby Aviation (NYSE:JOBY) Insider Sells 8,310 Shares of Stock

Key Points

• Insider Kate Dehoff sold 8,310 shares on April 13 at an average price of $8.20 (total $68,142) under a pre-arranged Rule 10b5-1 plan to cover tax withholding from vested awards, trimming her stake to 177,862 shares (a 4.46% reduction); this sale is part of a string of recent insider disposals.
• Joby shares traded up 3.3% to $8.80, with a market cap around $8.02 billion and a 52‑week range of $5.61–$20.95, leaving the stock nearer its low than its high.
• Analysts hold a consensus Reduce rating with a $13.81 price target; the company recently beat revenue estimates but remains unprofitable, with expected full‑year EPS around -0.69.

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Kate Dehoff sold 8,310 shares of the firm's stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $8.20, for a total transaction of $68,142.00. Following the completion of the transaction, the insider directly owned 177,862 shares of the company's stock, valued at approximately $1,458,468.40. The trade was a 4.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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, April 14th, Kate Dehoff sold 14,295 shares of Joby Aviation stock. The stock was sold at an average price of $8.73, for a total transaction of $124,795.35.
• On Wednesday, April 8th, Kate Dehoff sold 667 shares of Joby Aviation stock. The stock was sold at an average price of $8.87, for a total transaction of $5,916.29.
• On Wednesday, March 11th, Kate Dehoff sold 1,433 shares of Joby Aviation stock. The shares were sold at an average price of $9.90, for a total transaction of $14,186.70.
• On Tuesday, March 10th, Kate Dehoff sold 2,193 shares of Joby Aviation stock. The stock was sold at an average price of $10.25, for a total transaction of $22,478.25.
• On Friday, February 13th, Kate Dehoff sold 8,539 shares of Joby Aviation stock. The stock was sold at an average price of $9.88, for a total value of $84,365.32.
• On Wednesday, February 11th, Kate Dehoff sold 16,235 shares of Joby Aviation stock. The shares were sold at an average price of $9.91, for a total value of $160,888.85.
• On Tuesday, February 10th, Kate Dehoff sold 1,076 shares of Joby Aviation stock. The shares were sold at an average price of $10.55, for a total value of $11,351.80.
• On Monday, February 2nd, Kate Dehoff sold 8,194 shares of Joby Aviation stock. The stock was sold at an average price of $10.48, for a total value of $85,873.12.
• On Wednesday, January 14th, Kate Dehoff sold 28,260 shares of Joby Aviation stock. The stock was sold at an average price of $14.72, for a total value of $415,987.20.

Joby Aviation Stock Up 3.3%

NYSE JOBY traded up $0.28 during trading hours on Tuesday, hitting $8.80. 20,392,352 shares of the company were exchanged, compared to its average volume of 26,519,480. The firm has a market cap of $8.02 billion, a price-to-earnings ratio of -7.72 and a beta of 2.68. The company has a 50 day moving average of $9.49 and a two-hundred day moving average of $13.10. Joby Aviation, Inc. has a 52-week low of $5.61 and a 52-week high of $20.95.

Joby Aviation (NYSE:JOBY - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.06. The company had revenue of $30.84 million during the quarter, compared to analysts' expectations of $16.88 million. During the same quarter in the previous year, the business posted ($0.34) EPS. The business's quarterly revenue was up 5506.5% compared to the same quarter last year. On average, equities research analysts predict that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Hedge Funds Weigh In On Joby Aviation

Hedge funds have recently added to or reduced their stakes in the stock. Asset Planning Inc lifted its position in shares of Joby Aviation by 70.0% during the 3rd quarter. Asset Planning Inc now owns 1,700 shares of the company's stock worth $27,000 after buying an additional 700 shares during the last quarter. Strategic Advocates LLC purchased a new position in shares of Joby Aviation in the 3rd quarter valued at $29,000. Canton Hathaway LLC purchased a new position in shares of Joby Aviation in the 3rd quarter valued at $29,000. Fifth Third Bancorp raised its stake in Joby Aviation by 207.4% during the 4th quarter. Fifth Third Bancorp now owns 1,998 shares of the company's stock worth $26,000 after acquiring an additional 1,348 shares in the last quarter. Finally, Hilltop National Bank acquired a new stake in Joby Aviation during the 3rd quarter worth $32,000. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Joby Aviation in a report on Thursday, January 22nd. Needham & Company LLC decreased their price objective on shares of Joby Aviation to $18.00 and set a "buy" rating for the company in a research report on Thursday, February 26th. Oppenheimer set a $18.00 target price on shares of Joby Aviation in a research note on Thursday, February 26th. HC Wainwright reissued a "buy" rating and issued a $18.00 target price on shares of Joby Aviation in a report on Thursday, March 12th. Finally, Canaccord Genuity Group restated a "hold" rating and issued a $15.50 price target on shares of Joby Aviation in a research note on Tuesday, February 3rd. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $13.81.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.