Joby Aviation (NYSE:JOBY) Insider Sells $56,971.25 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Kate Dehoff sold 9,575 shares of the business’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $5.95, for a total value of $56,971.25. Following the completion of the transaction, the insider directly owned 189,178 shares of the company’s stock, valued at approximately $1,125,609.10. The trade was a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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, July 14th, Kate Dehoff sold 14,240 shares of Joby Aviation stock. The shares were sold at an average price of $7.73, for a total value of $110,075.20.
• On Monday, July 13th, Kate Dehoff sold 8,381 shares of Joby Aviation stock. The stock was sold at an average price of $7.53, for a total transaction of $63,108.93.

Joby Aviation Stock Performance

Shares of Joby Aviation stock opened at $5.75 on Thursday. The company has a market capitalization of $5.69 billion, a PE ratio of -5.81 and a beta of 2.66. The company has a 50-day simple moving average of $6.93 and a two-hundred day simple moving average of $8.37. Joby Aviation, Inc. has a one year low of $5.58 and a one year high of $18.77. The company has a debt-to-equity ratio of 0.40, a quick ratio of 17.98 and a current ratio of 17.98.

Joby Aviation (NYSE:JOBY) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.02). Joby Aviation had a negative net margin of 755.11% and a negative return on equity of 55.29%. The firm had revenue of $38.64 million during the quarter, compared to the consensus estimate of $30.20 million. During the same quarter in the prior year, the business posted ($0.41) earnings per share. The firm’s quarterly revenue was up 257493.3% on a year-over-year basis. Research analysts expect that Joby Aviation, Inc. will post -1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on JOBY. Needham & Company LLC cut their price target on shares of Joby Aviation from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Barclays upgraded Joby Aviation to a “hold” rating in a report on Wednesday, July 29th. Wall Street Zen downgraded Joby Aviation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Susquehanna set a $18.00 target price on Joby Aviation in a research note on Thursday, August 6th. Finally, Weiss Ratings raised Joby Aviation from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $13.81.

Institutional Trading of Joby Aviation

Several large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its holdings in shares of Joby Aviation by 194.5% in the first quarter. Renaissance Technologies LLC now owns 4,005,200 shares of the company’s stock valued at $33,083,000 after purchasing an additional 2,645,200 shares during the period. Norges Bank acquired a new stake in shares of Joby Aviation during the fourth quarter worth about $32,269,000. Clear Street Group Inc. lifted its holdings in shares of Joby Aviation by 59.9% during the fourth quarter. Clear Street Group Inc. now owns 3,593,043 shares of the company’s stock worth $47,428,000 after purchasing an additional 1,346,205 shares during the period. USS Investment Management Ltd purchased a new stake in Joby Aviation in the first quarter valued at approximately $8,868,000. Finally, BNP Paribas Financial Markets boosted its position in Joby Aviation by 971.4% in the fourth quarter. BNP Paribas Financial Markets now owns 1,002,005 shares of the company’s stock valued at $13,226,000 after buying an additional 908,486 shares during the last quarter. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Joby Aviation News Roundup

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

• Positive Sentiment: Joby’s flight operations are adopting BitRipple’s LT3 connectivity system, which combines satellite and cellular networks for real-time, flight-critical telemetry and monitoring. The deployment supports the reliability and operational infrastructure needed for advanced air mobility. BitRipple LT3 Deployed Across Joby Flight Operations
• Positive Sentiment: ARK Invest, led by Cathie Wood, continued to invest in Joby and other flying-taxi companies. The buying provides a favorable signal from a high-profile growth investor, although it does not change Joby’s near-term certification and cash-burn risks. Cathie Wood Bets Big on Flying Taxis
• Neutral Sentiment: A long-term investment analysis argues that JOBY could have substantial upside by 2029 if it secures regulatory approval, launches commercial flights and scales production. However, Joby remains a speculative, loss-making company with no commercial air-taxi service yet, so the projection is highly dependent on execution. Prediction: Here’s What a $5,000 Investment in Joby Aviation Will Be Worth in 3 Years
• Neutral Sentiment: Several insiders, including CEO JoeBen Bevirt, CFO Rodrigo Brumana, Gregory Bowles, Sergey Novikov, Bonny Simi, Kate Dehoff and others, reported share sales. Some transactions were conducted under Rule 10b5-1 plans or to cover tax withholding, limiting their significance, but the concentration of sales may weigh on investor sentiment.
• Negative Sentiment: The $116.9 million verdict is the dominant near-term overhang. It could reduce Joby’s cash runway, increase legal costs and distract management as the company works toward aircraft certification, manufacturing scale-up and commercial operations. Joby Aviation Hit With $116.9 Million Verdict in Trade Secrets Lawsuit

About Joby Aviation

Joby Aviation, Inc (NYSE: JOBY) is an aviation company developing all-electric vertical takeoff and landing (eVTOL) aircraft for commercial passenger transportation. Its aircraft are designed to take off and land vertically like a helicopter while providing quieter, lower-emission transportation for short urban and regional trips.

The company is pursuing an integrated air-taxi business model that includes designing and manufacturing its aircraft, operating passenger services, and developing the software and infrastructure needed to support aerial mobility.