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

Joby Aviation, Inc. (NYSE:JOBY) insider Kate Dehoff sold 6,903 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $7.43, for a total transaction of $51,289.29. Following the transaction, the insider now owns 202,276 shares in the company, valued at $1,502,910.68. The trade was a 3.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Kate Dehoff also recently made the following trade(s):

• 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 transaction of $50,260.50.

Joby Aviation Stock Up 3.6 %

Shares of NYSE:JOBY opened at $7.86 on Friday. The company has a 50 day moving average price of $8.32 and a two-hundred day moving average price of $6.58. Joby Aviation, Inc. has a 52 week low of $4.50 and a 52 week high of $10.72.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JOBY. Intech Investment Management LLC acquired a new stake in Joby Aviation in the third quarter valued at $518,000. Rheos Capital Works Inc. increased its position 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 worth $19,553,000 after acquiring an additional 350,000 shares during the period. Fred Alger Management LLC increased its position in Joby Aviation by 89.4% during the third quarter. Fred Alger Management LLC now owns 123,368 shares of the company’s stock worth $621,000 after acquiring an additional 58,229 shares during the period. Hamilton Lane Advisors LLC bought a new position in Joby Aviation in the 4th quarter valued at about $418,000. Finally, Caprock Group LLC increased its holdings in Joby Aviation by 179.5% in the 3rd quarter. Caprock Group LLC now owns 124,404 shares of the company’s stock valued at $626,000 after buying an additional 79,896 shares during the period. Institutional investors own 52.85% of the company’s stock.

Analyst Ratings Changes

JOBY has been the topic of a number of research reports. Needham & Company LLC upped their target price on shares of Joby Aviation from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Canaccord Genuity Group increased their price objective on shares of Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a report on Wednesday, January 8th. HC Wainwright restated a “buy” rating and issued a $9.00 price objective on shares of Joby Aviation in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. lowered shares of Joby Aviation from a “neutral” rating to an “underweight” rating and increased their price objective for the company from $5.00 to $6.00 in a report on Friday, January 10th. One research 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 has an average rating of “Moderate Buy” and a consensus price target of $9.30.

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.