Joby Aviation, Inc. (NYSE:JOBY - Get Free Report) insider Kate Dehoff sold 9,720 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $6.00, for a total transaction of $58,320.00. Following the completion of the transaction, the insider now directly owns 219,366 shares in the company, valued at approximately $1,316,196. The trade was a 4.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Kate Dehoff also recently made the following trade(s):
- On Wednesday, March 5th, Kate Dehoff sold 1,121 shares of Joby Aviation stock. The stock was sold at an average price of $6.59, for a total transaction of $7,387.39.
- On Thursday, February 13th, Kate Dehoff sold 6,903 shares of Joby Aviation stock. The shares were sold at an average price of $7.43, for a total transaction of $51,289.29.
- On Monday, January 13th, Kate Dehoff sold 6,205 shares of Joby Aviation stock. The stock was sold at an average price of $8.10, for a total value of $50,260.50.
Joby Aviation Stock Performance
JOBY opened at $5.65 on Friday. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of -8.06 and a beta of 2.35. Joby Aviation, Inc. has a fifty-two week low of $4.50 and a fifty-two week high of $10.72. The company has a fifty day moving average of $7.03 and a 200 day moving average of $6.93.
Analysts Set New Price Targets
A number of analysts have commented on JOBY shares. JPMorgan Chase & Co. reduced their price target on Joby Aviation from $6.00 to $5.00 and set an "underweight" rating for the company in a research report on Thursday, February 27th. HC Wainwright restated a "buy" rating and set a $9.00 target price on shares of Joby Aviation in a research note on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and set a $10.00 price target on shares of Joby Aviation in a report on Thursday, February 27th. Cantor Fitzgerald reissued an "overweight" rating and issued a $9.00 price objective on shares of Joby Aviation in a research note on Thursday, February 27th. Finally, Canaccord Genuity Group lifted their target price on shares of Joby Aviation from $9.75 to $11.50 and gave the company a "buy" rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $8.90.
Check Out Our Latest Stock Report on Joby Aviation
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Rheos Capital Works Inc. boosted its stake in Joby Aviation by 17.0% during the fourth quarter. Rheos Capital Works Inc. now owns 2,405,000 shares of the company's stock valued at $19,553,000 after buying an additional 350,000 shares during the last quarter. Hamilton Lane Advisors LLC purchased a new stake in shares of Joby Aviation during the 4th quarter worth approximately $418,000. Entropy Technologies LP bought a new position in shares of Joby Aviation during the 4th quarter valued at approximately $300,000. Holocene Advisors LP grew its holdings in shares of Joby Aviation by 91.7% in the third quarter. Holocene Advisors LP now owns 521,327 shares of the company's stock valued at $2,622,000 after purchasing an additional 249,375 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Joby Aviation in the fourth quarter worth $2,168,000. Hedge funds and other institutional investors own 52.85% of the company's stock.
About Joby Aviation
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
