Joby Aviation, Inc. (NYSE:JOBY) Insider Sells $98,896.14 in Stock

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Kate Dehoff sold 8,262 shares of Joby Aviation stock in a transaction on Monday, July 14th. The stock was sold at an average price of $11.97, for a total transaction of $98,896.14. Following the completion of the transaction, the insider directly owned 223,099 shares in the company, valued at $2,670,495.03. This represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, July 15th, Kate Dehoff sold 20,823 shares of Joby Aviation stock. The stock was sold at an average price of $13.67, for a total transaction of $284,650.41.
• On Wednesday, July 2nd, Kate Dehoff sold 13,790 shares of Joby Aviation stock. The stock was sold at an average price of $9.82, for a total transaction of $135,417.80.

Joby Aviation Trading Up 17.4%

Shares of Joby Aviation stock traded up $2.43 during trading hours on Wednesday, reaching $16.38. The stock had a trading volume of 78,920,921 shares, compared to its average volume of 15,757,487. The firm has a market capitalization of $12.97 billion, a PE ratio of -19.50 and a beta of 2.47. The stock's 50 day moving average is $8.96 and its 200 day moving average is $7.74. Joby Aviation, Inc. has a twelve month low of $4.66 and a twelve month high of $16.47.

Joby Aviation (NYSE:JOBY - Get Free Report) last released its quarterly earnings results 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 quarter in the prior year, the firm posted ($0.14) earnings per share. As a group, sell-side analysts predict that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on JOBY shares. Cantor Fitzgerald reiterated a "neutral" rating and set a $9.00 price objective on shares of Joby Aviation in a research note on Monday, June 23rd. Wall Street Zen upgraded shares of Joby Aviation from a "sell" rating to a "hold" rating in a research report on Saturday. Canaccord Genuity Group reiterated a "buy" rating and issued a $12.00 price objective on shares of Joby Aviation in a research report on Wednesday, June 4th. Morgan Stanley reiterated an "equal weight" rating and issued a $7.00 price objective (down previously from $10.00) on shares of Joby Aviation in a research report on Friday, April 11th. Finally, HC Wainwright reiterated a "buy" rating and issued a $13.00 price objective (up previously from $9.00) on shares of Joby Aviation in a research report on Monday, June 9th. One 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $9.33.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of JOBY. Signaturefd LLC raised its holdings in Joby Aviation by 459.6% in the 2nd quarter. Signaturefd LLC now owns 9,362 shares of the company's stock valued at $99,000 after acquiring an additional 7,689 shares during the last quarter. Dakota Wealth Management raised its holdings in Joby Aviation by 75.7% in the 2nd quarter. Dakota Wealth Management now owns 19,179 shares of the company's stock valued at $202,000 after acquiring an additional 8,264 shares during the last quarter. Cobblestone Asset Management LLC raised its holdings in Joby Aviation by 4.6% in the 2nd quarter. Cobblestone Asset Management LLC now owns 64,250 shares of the company's stock valued at $678,000 after acquiring an additional 2,850 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings 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 valued at $399,000 after acquiring an additional 14,676 shares during the last quarter. Finally, NBC Securities Inc. raised 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 acquiring an additional 37,120 shares during the last quarter. Institutional investors and hedge funds 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.