Joby Aviation, Inc. (NYSE:JOBY – Get Free Report) insider Kate Dehoff sold 5,815 shares of Joby Aviation stock in a transaction on Monday, July 15th. The shares were sold at an average price of $6.76, for a total value of $39,309.40. Following the completion of the transaction, the insider now owns 199,413 shares of the company’s stock, valued at approximately $1,348,031.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Kate Dehoff also recently made the following trade(s):
- On Thursday, July 11th, Kate Dehoff sold 12,500 shares of Joby Aviation stock. The shares were sold at an average price of $5.50, for a total value of $68,750.00.
Joby Aviation Trading Up 5.3 %
Shares of JOBY traded up $0.35 during trading hours on Monday, hitting $6.96. 10,657,451 shares of the stock traded hands, compared to its average volume of 5,293,000. Joby Aviation, Inc. has a 1-year low of $4.50 and a 1-year high of $10.68. The firm has a market capitalization of $4.93 billion, a PE ratio of -9.16 and a beta of 2.00. The business has a fifty day moving average of $5.11 and a 200-day moving average of $5.36.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upgraded Joby Aviation from an “underweight” rating to a “neutral” rating and set a $5.00 target price for the company in a research report on Friday, May 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.00 price target on shares of Joby Aviation in a research note on Monday.
Check Out Our Latest Analysis on JOBY
Hedge Funds Weigh In On Joby Aviation
Several hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its stake in Joby Aviation by 346.4% in the second quarter. SG Americas Securities LLC now owns 336,062 shares of the company’s stock valued at $1,714,000 after buying an additional 260,780 shares during the period. DNB Asset Management AS raised its position in shares of Joby Aviation by 21.1% during the second quarter. DNB Asset Management AS now owns 88,906 shares of the company’s stock worth $453,000 after purchasing an additional 15,504 shares during the period. Cetera Advisors LLC grew its holdings in shares of Joby Aviation by 32.9% during the first quarter. Cetera Advisors LLC now owns 20,276 shares of the company’s stock worth $109,000 after buying an additional 5,025 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Joby Aviation by 5.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 193,322 shares of the company’s stock worth $1,037,000 after buying an additional 10,234 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Joby Aviation during the first quarter worth about $15,357,000. Institutional investors and hedge funds own 45.54% of the company’s stock.
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.
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