Kate Dehoff Sells 14,240 Shares of Joby Aviation (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Kate Dehoff sold 14,240 shares of the business’s stock in a transaction on Tuesday, July 14th. The shares were sold at an average price of $7.73, for a total value of $110,075.20. Following the completion of the sale, the insider owned 180,179 shares in the company, valued at $1,392,783.67. This represents a 7.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 Monday, July 13th, Kate Dehoff sold 8,381 shares of Joby Aviation stock. The shares were sold at an average price of $7.53, for a total value of $63,108.93.
• On Thursday, July 2nd, Kate Dehoff sold 9,575 shares of Joby Aviation stock. The shares were sold at an average price of $8.92, for a total value of $85,409.00.

Joby Aviation Stock Down 1.7%

Shares of NYSE:JOBY opened at $7.75 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 22.06 and a quick ratio of 22.05. The firm has a market capitalization of $7.63 billion, a PE ratio of -6.74 and a beta of 2.71. The firm’s 50-day moving average is $9.76 and its two-hundred day moving average is $10.42. Joby Aviation, Inc. has a 1 year low of $7.43 and a 1 year high of $20.95.

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

Analyst Ratings Changes

Several brokerages have commented on JOBY. Morgan Stanley decreased their price target 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. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price objective on shares of Joby Aviation in a research report on Wednesday, May 6th. Wall Street Zen upgraded Joby Aviation from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 10th. Weiss Ratings raised Joby Aviation from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. Finally, Canaccord Genuity Group cut their price target on Joby Aviation from $15.50 to $11.50 and set a “hold” rating on the stock in a report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $13.64.

Institutional Investors Weigh In On Joby Aviation

Several institutional investors have recently modified their holdings of JOBY. Fifth Third Bancorp grew its stake in shares of Joby Aviation by 207.4% during the fourth quarter. Fifth Third Bancorp now owns 1,998 shares of the company’s stock worth $26,000 after purchasing an additional 1,348 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Joby Aviation by 284.8% in the second 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 purchased a new stake in Joby Aviation during the 4th quarter worth about $28,000. Strategic Advocates LLC purchased a new stake in Joby Aviation during the 3rd quarter worth about $29,000. Finally, Pandora Wealth Inc. acquired a new position in shares of Joby Aviation during the 4th quarter worth about $32,000. 52.85% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Joby Aviation

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

• Positive Sentiment: Joby advanced its eVTOL certification efforts by completing adverse-weather and propulsion-loss testing, reinforcing confidence in the safety and reliability of its aircraft as it moves toward commercialization. Joby’s eVTOL passes adverse weather test, simulates propeller failure
• Positive Sentiment: The company also highlighted testing that suggests its air taxi could make a JFK-to-Manhattan trip in about seven minutes, a high-profile milestone that underscores the potential speed advantage of Joby’s service model. Joby’s air taxi aces test, promises 7-minute JFK to Manhattan flights
• Neutral Sentiment: Recent commentary noted that Joby is making visible technical progress, but investors still have to weigh that against a long and capital-intensive path to commercial scale. JOBY Stock: Flying High or Overpriced Sci-Fi?
• Negative Sentiment: Insiders, including Eric Allison and Kate Dehoff, sold shares in recent filings. Although the sales were tied to tax withholding and Rule 10b5-1 plans, the reduced ownership can still weigh on near-term investor sentiment. Joby Aviation Insiders Sell JOBY Stock, but Tax-Related Trades Limit the Bearish Signal

Joby Aviation Company Profile

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.