Kate Dehoff Sells 6,903 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Kate Dehoff sold 6,903 shares of Joby Aviation stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $7.43, for a total value of $51,289.29. Following the sale, the insider now directly owns 202,276 shares of the company’s stock, valued at approximately $1,502,910.68. This trade represents a 3.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, January 13th, Kate Dehoff sold 6,205 shares of Joby Aviation stock. The shares were sold at an average price of $8.10, for a total value of $50,260.50.

Joby Aviation Stock Up 3.6 %

Shares of Joby Aviation stock opened at $7.86 on Friday. The company’s fifty day simple moving average is $8.30 and its two-hundred day simple moving average is $6.60. Joby Aviation, Inc. has a 12-month low of $4.50 and a 12-month high of $10.72. The firm has a market cap of $6.01 billion, a PE ratio of -11.22 and a beta of 2.33.

Institutional Trading of Joby Aviation

Large investors have recently modified their holdings of the business. Sanctuary Advisors LLC purchased a new stake in Joby Aviation in the 2nd quarter worth approximately $81,000. Creative Planning raised its holdings in shares of Joby Aviation by 86.2% during the third quarter. Creative Planning now owns 55,446 shares of the company’s stock valued at $279,000 after acquiring an additional 25,672 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in Joby Aviation by 97.5% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 22,062 shares of the company’s stock worth $111,000 after acquiring an additional 10,889 shares during the period. Private Advisor Group LLC boosted its holdings in Joby Aviation by 45.3% in the third quarter. Private Advisor Group LLC now owns 34,513 shares of the company’s stock valued at $174,000 after acquiring an additional 10,765 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in Joby Aviation by 403.0% during the 3rd quarter. International Assets Investment Management LLC now owns 11,468 shares of the company’s stock valued at $58,000 after purchasing an additional 9,188 shares during the period. 52.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. HC Wainwright reiterated a “buy” rating and set a $9.00 price target on shares of Joby Aviation in a research report on Wednesday, December 18th. Needham & Company LLC lifted their target price on shares of Joby Aviation from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Canaccord Genuity Group upped their price target on shares of Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. downgraded Joby Aviation from a “neutral” rating to an “underweight” rating and lifted their price objective for the stock from $5.00 to $6.00 in a report on Friday, January 10th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $9.30.

About Joby Aviation

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.