Joby Aviation (NYSE:JOBY) Insider Kate Dehoff Sells 14,295 Shares

Key Points

• Kate Dehoff sold 14,295 shares on April 14 at an average price of $8.73 for about $124,795, executing the trade under a pre-arranged Rule 10b5-1 plan to cover tax withholding; her holdings fell 8.04% to 163,567 shares (≈$1.43M).
• The April sale is part of a pattern of recent insider dispositions by Dehoff — including a 28,260-share sale on Jan. 14 at $14.72 — highlighting sustained selling activity over the past months.
• Joby shares traded up 3.3% to $8.80 on the day, while Wall Street consensus rates the stock as Reduce with a $13.81 price target amid mixed analyst views.

Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Kate Dehoff sold 14,295 shares of the firm's stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $8.73, for a total transaction of $124,795.35. Following the completion of the sale, the insider directly owned 163,567 shares in the company, valued at approximately $1,427,939.91. This trade represents a 8.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 Monday, April 13th, Kate Dehoff sold 8,310 shares of Joby Aviation stock. The shares were sold at an average price of $8.20, for a total transaction of $68,142.00.
• On Wednesday, April 8th, Kate Dehoff sold 667 shares of Joby Aviation stock. The shares were sold at an average price of $8.87, for a total value 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 value 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 transaction 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 transaction 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 transaction 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%

Shares of NYSE JOBY traded up $0.28 during trading on Tuesday, reaching $8.80. The company had a trading volume of 20,392,352 shares, compared to its average volume of 26,519,480. Joby Aviation, Inc. has a 12-month low of $5.61 and a 12-month high of $20.95. The business's 50-day moving average is $9.49 and its 200 day moving average is $13.10. The stock has a market cap of $8.02 billion, a PE ratio of -7.72 and a beta of 2.68.

Joby Aviation (NYSE:JOBY - Get Free Report) last issued its earnings results on Wednesday, February 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.06. The firm had revenue of $30.84 million during the quarter, compared to analysts' expectations of $16.88 million. During the same period last year, the firm posted ($0.34) earnings per share. The firm's quarterly revenue was up 5506.5% on a year-over-year basis. On average, analysts anticipate that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Wall Street Analyst Weigh In

JOBY has been the subject of several recent analyst reports. Needham & Company LLC decreased their price target on Joby Aviation to $18.00 and set a "buy" rating for the company in a research note on Thursday, February 26th. JPMorgan Chase & Co. reduced their price objective on Joby Aviation from $8.00 to $7.00 and set an "underweight" rating for the company in a report on Thursday, February 26th. Weiss Ratings reissued a "sell (d-)" rating on shares of Joby Aviation in a research report on Thursday, January 22nd. Canaccord Genuity Group restated a "hold" rating and set a $15.50 target price on shares of Joby Aviation in a research note on Tuesday, February 3rd. Finally, HC Wainwright reaffirmed a "buy" rating and set a $18.00 price target on shares of Joby Aviation in a report on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $13.81.

Hedge Funds Weigh In On Joby Aviation

Hedge funds and other institutional investors have recently modified their holdings of the company. Fifth Third Bancorp boosted its stake in shares of Joby Aviation by 207.4% in the 4th quarter. Fifth Third Bancorp now owns 1,998 shares of the company's stock worth $26,000 after buying an additional 1,348 shares during the last quarter. Asset Planning Inc increased its position in Joby Aviation by 70.0% during the third quarter. Asset Planning Inc now owns 1,700 shares of the company's stock valued at $27,000 after acquiring an additional 700 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Joby Aviation by 284.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company's stock valued at $27,000 after acquiring an additional 1,880 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Joby Aviation in the fourth quarter valued at about $28,000. Finally, Canton Hathaway LLC bought a new position in Joby Aviation in the third quarter valued at about $29,000. 52.85% of the stock is owned by institutional investors.

Joby Aviation Company Profile

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.

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