Joby Aviation, Inc. (NYSE:JOBY) Insider Sells $284,650.41 in Stock

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Kate Dehoff sold 20,823 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $13.67, for a total value of $284,650.41. Following the sale, the insider owned 202,276 shares in the company, valued at approximately $2,765,112.92. This represents a 9.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, July 14th, Kate Dehoff sold 8,262 shares of Joby Aviation stock. The shares were sold at an average price of $11.97, for a total transaction of $98,896.14.
• On Wednesday, July 2nd, Kate Dehoff sold 13,790 shares of Joby Aviation stock. The shares were sold at an average price of $9.82, for a total transaction of $135,417.80.

Joby Aviation Trading Up 10.3%

NYSE:JOBY traded up $1.31 on Tuesday, hitting $13.94. The company had a trading volume of 45,427,491 shares, compared to its average volume of 15,476,755. Joby Aviation, Inc. has a 52 week low of $4.66 and a 52 week high of $13.99. The stock has a market capitalization of $11.03 billion, a price-to-earnings ratio of -16.59 and a beta of 2.47. The firm has a 50 day moving average of $8.60 and a two-hundred day moving average of $7.64.

Joby Aviation (NYSE:JOBY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.07. Joby Aviation had a negative net margin of 447,083.78% and a negative return on equity of 63.27%. During the same period in the previous year, the business earned ($0.14) EPS. As a group, equities analysts forecast that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on JOBY. Morgan Stanley restated an "equal weight" rating and issued a $7.00 price objective (down previously from $10.00) on shares of Joby Aviation in a research note on Friday, April 11th. HC Wainwright restated a "buy" rating and set a $13.00 price objective (up from $9.00) on shares of Joby Aviation in a research report on Monday, June 9th. Cantor Fitzgerald reiterated a "neutral" rating and set a $9.00 target price on shares of Joby Aviation in a research note on Monday, June 23rd. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $12.00 price objective on shares of Joby Aviation in a report on Wednesday, June 4th. Finally, Wall Street Zen raised Joby Aviation from a "sell" rating to a "hold" rating in a report on Saturday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $9.33.

Hedge Funds Weigh In On Joby Aviation

Hedge funds have recently modified their holdings of the company. Cobblestone Asset Management LLC lifted its holdings in shares of Joby Aviation by 4.6% in the second quarter. Cobblestone Asset Management LLC now owns 64,250 shares of the company's stock worth $678,000 after buying an additional 2,850 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Joby Aviation by 63.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 37,788 shares of the company's stock worth $399,000 after purchasing an additional 14,676 shares in the last quarter. NBC Securities Inc. boosted its holdings in Joby Aviation by 35.1% in the 2nd quarter. NBC Securities Inc. now owns 142,855 shares of the company's stock valued at $1,507,000 after purchasing an additional 37,120 shares during the period. Rhumbline Advisers grew its position in shares of Joby Aviation by 5.4% during the 1st quarter. Rhumbline Advisers now owns 626,743 shares of the company's stock valued at $3,773,000 after purchasing an additional 32,324 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of Joby Aviation in the first quarter worth $37,000. Institutional investors own 52.85% of the company's stock.

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.

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