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

Joby Aviation, Inc. (NYSE:JOBY) insider Kate Dehoff sold 6,903 shares of Joby Aviation stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $7.43, for a total value of $51,289.29. Following the sale, the insider now owns 202,276 shares in the company, valued at $1,502,910.68. This represents a 3.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 Performance

Shares of NYSE JOBY opened at $7.86 on Friday. The company has a market cap of $6.01 billion, a PE ratio of -11.22 and a beta of 2.33. The firm’s 50 day moving average price is $8.30 and its 200-day moving average price is $6.60. Joby Aviation, Inc. has a 52-week low of $4.50 and a 52-week high of $10.72.

Analysts Set New Price Targets

Several brokerages recently issued reports on JOBY. Canaccord Genuity Group increased their price target on shares of Joby Aviation from $9.75 to $11.50 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. HC Wainwright reiterated a “buy” rating and set a $9.00 target price on shares of Joby Aviation in a report on Wednesday, December 18th. JPMorgan Chase & Co. cut Joby Aviation from a “neutral” rating to an “underweight” rating and boosted their price target for the stock from $5.00 to $6.00 in a research report on Friday, January 10th. Finally, Needham & Company LLC raised their price objective on Joby Aviation from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.30.

Institutional Trading of Joby Aviation

Institutional investors have recently added to or reduced their stakes in the business. Uber Technologies Inc bought a new position in shares of Joby Aviation during the fourth quarter valued at $207,842,000. Vanguard Group Inc. lifted its stake in Joby Aviation by 15.8% during the 4th quarter. Vanguard Group Inc. now owns 46,760,562 shares of the company’s stock valued at $380,163,000 after acquiring an additional 6,388,232 shares during the period. Baillie Gifford & Co. boosted its holdings in shares of Joby Aviation by 4.3% during the 4th quarter. Baillie Gifford & Co. now owns 55,032,165 shares of the company’s stock valued at $447,412,000 after acquiring an additional 2,281,161 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Joby Aviation by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 10,208,358 shares of the company’s stock worth $83,015,000 after acquiring an additional 817,638 shares during the period. Finally, State Street Corp raised its holdings in shares of Joby Aviation by 9.5% during the third quarter. State Street Corp now owns 9,372,636 shares of the company’s stock valued at $47,144,000 after purchasing an additional 812,248 shares during the last quarter. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

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.