Insider Selling: Joby Aviation, Inc. (NYSE:JOBY) Insider Sells 6,205 Shares of Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Kate Dehoff sold 6,205 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $8.10, for a total value of $50,260.50. Following the sale, the insider now directly owns 215,947 shares of the company’s stock, valued at approximately $1,749,170.70. This trade represents a 2.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, October 16th, Kate Dehoff sold 27,898 shares of Joby Aviation stock. The stock was sold at an average price of $5.50, for a total value of $153,439.00.

Joby Aviation Stock Up 3.1 %

Joby Aviation stock opened at $8.10 on Thursday. Joby Aviation, Inc. has a 52-week low of $4.50 and a 52-week high of $10.72. The firm has a market cap of $6.20 billion, a PE ratio of -11.57 and a beta of 2.33. The company’s 50 day moving average is $7.81 and its two-hundred day moving average is $6.27.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.02). Joby Aviation had a negative net margin of 42,844.57% and a negative return on equity of 51.76%. The company had revenue of $0.28 million during the quarter, compared to analyst estimates of $0.06 million. During the same quarter in the previous year, the business posted ($0.13) earnings per share. On average, equities research analysts anticipate that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on JOBY shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 target price on shares of Joby Aviation in a research report on Monday, September 30th. JPMorgan Chase & Co. cut shares of Joby Aviation from a “neutral” rating to an “underweight” rating and increased their price objective for the stock from $5.00 to $6.00 in a research report on Friday, January 10th. HC Wainwright reissued a “buy” rating and issued a $9.00 target price on shares of Joby Aviation in a research report on Wednesday, December 18th. Needham & Company LLC raised their price target on Joby Aviation from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Canaccord Genuity Group boosted their price objective on Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $9.30.

Hedge Funds Weigh In On Joby Aviation

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Yarbrough Capital LLC purchased a new stake in shares of Joby Aviation during the fourth quarter worth approximately $1,362,000. Bouvel Investment Partners LLC increased its position in shares of Joby Aviation by 1.4% in the 4th quarter. Bouvel Investment Partners LLC now owns 123,862 shares of the company’s stock valued at $1,007,000 after purchasing an additional 1,715 shares during the last quarter. Hamilton Lane Advisors LLC acquired a new stake in shares of Joby Aviation in the 4th quarter valued at $418,000. Salem Investment Counselors Inc. lifted its position in shares of Joby Aviation by 5,000.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company’s stock worth $41,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Watts Gwilliam & Co. LLC acquired a new position in shares of Joby Aviation during the fourth quarter worth $154,000. Hedge funds and other 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.