Joby Aviation (NYSE:JOBY) Insider Kate Dehoff Sells 9,575 Shares of Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Kate Dehoff sold 9,575 shares of the stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $8.92, for a total value of $85,409.00. Following the transaction, the insider directly owned 186,735 shares in the company, valued at $1,665,676.20. The trade was a 4.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 Tuesday, April 14th, Kate Dehoff sold 14,295 shares of Joby Aviation stock. The stock was sold at an average price of $8.73, for a total value of $124,795.35.
• On Monday, April 13th, Kate Dehoff sold 8,310 shares of Joby Aviation stock. The stock was sold at an average price of $8.20, for a total value 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.

Joby Aviation Stock Down 2.9%

JOBY stock opened at $8.66 on Tuesday. Joby Aviation, Inc. has a fifty-two week low of $7.75 and a fifty-two week high of $20.95. The business’s 50-day moving average is $9.94 and its two-hundred day moving average is $10.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 22.05 and a current ratio of 22.06. The company has a market cap of $8.52 billion, a price-to-earnings ratio of -7.62 and a beta of 2.71.

Joby Aviation (NYSE:JOBY) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.09. The business had revenue of $24.25 million during the quarter, compared to the consensus estimate of $20.17 million. Joby Aviation had a negative return on equity of 60.54% and a negative net margin of 1,232.62%.During the same period in the previous year, the company posted ($0.11) EPS. As a group, analysts forecast that Joby Aviation, Inc. will post -0.83 earnings per share for the current year.

Joby Aviation News Roundup

Here are the key news stories impacting Joby Aviation this week:

• Positive Sentiment: Investors are buying into the possibility that Joby could start commercial air taxi operations this year, a major milestone that would validate the business model and potentially unlock new revenue streams. Joby Aviation Stock: Is It More Likely to Hit $15 or $5 This Year?
• Positive Sentiment: Recent coverage says Joby’s air taxi expansion is fueling investor excitement, helping push sentiment higher around the company’s long-term growth potential. Why Joby Aviation Stock Popped Today
• Positive Sentiment: Another article highlighted that Joby’s valuation is getting an additional boost, suggesting traders are still focused on future commercialization rather than current losses. Why Joby Aviation Stock Is Surging Today
• Neutral Sentiment: Several insiders, including CEO Joeben Bevirt and other executives, sold shares, but the filings say the sales were mainly to cover tax withholding tied to vesting equity awards rather than a change in conviction. SEC filing
• Neutral Sentiment: More insider sales were disclosed from Didier Papadopoulos, Eric Allison, Kate Dehoff, Rodrigo Brumana, Gregory Bowles, and Bonny W. Simi, including a Rule 10b5-1 sale, but the transactions were largely routine and tax-related. SEC filing
• Negative Sentiment: The biggest risk remains that Joby’s aircraft is not approved yet, so the stock could give back gains if regulatory progress takes longer than bulls expect. Article

Institutional Trading of Joby Aviation

Hedge funds and other institutional investors have recently modified their holdings of the company. Fifth Third Bancorp raised its position in shares of Joby Aviation by 207.4% during the 4th quarter. Fifth Third Bancorp now owns 1,998 shares of the company’s stock valued at $26,000 after purchasing an additional 1,348 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Joby Aviation by 284.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock valued at $27,000 after buying an additional 1,880 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Joby Aviation in the 4th quarter worth $28,000. Strategic Advocates LLC bought a new stake in Joby Aviation during the third quarter valued at about $29,000. Finally, Pandora Wealth Inc. purchased a new stake in shares of Joby Aviation during the fourth quarter worth about $32,000. 52.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Morgan Stanley cut their target price on shares of Joby Aviation from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. HC Wainwright reiterated a “buy” rating and set a $18.00 price target on shares of Joby Aviation in a research note on Thursday, March 12th. Weiss Ratings downgraded shares of Joby Aviation from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. Needham & Company LLC restated a “buy” rating and issued a $18.00 price objective on shares of Joby Aviation in a research note on Wednesday, May 6th. Finally, Canaccord Genuity Group reduced their price objective on Joby Aviation from $15.50 to $11.50 and set a “hold” rating for the company in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $13.64.

About Joby Aviation

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.