Wall Street closes at a record for the first time since end of January
Kate DeHoff, Chief Legal Officer and Corporate Secretary at Joby Aviation NASDAQ:JOBY, reported selling shares of common stock in two transactions valued at $192,937. The insider sale comes as the stock trades at $8.80, down 51% over the past six months amid what InvestingPro data identifies as highly volatile price movements.
On April 13, 2026, DeHoff sold 8,310 shares at a weighted average price of $8.20, with prices ranging from $8.20 to $8.30. The total value of this transaction was approximately $68142.
The sale was to cover taxes due upon the release and settlement of Restricted Stock Units.
The following day, April 14, DeHoff sold 14,295 shares at a weighted average price of $8.73, with prices ranging from $8.62 to $8.82, for a total value of $124795. This sale was made pursuant to a pre-arranged 10b5-1 trading plan adopted on May 13, 2025.
On April 12, DeHoff also exercised options to acquire 16,064 shares of common stock with a transaction price of $0. According to InvestingPro, the stock is trading near its Fair Value, with comprehensive analysis available in the company’s Pro Research Report—one of 1,400+ US equities covered.
In other recent news, Joby Aviation announced a significant partnership with Air Space Intelligence to enhance the integration of electric air taxis into the U.S. National Airspace System. This collaboration will leverage Joby’s electric vertical take-off and landing aircraft alongside ASI’s AI-driven Flyways platform, aiming to optimize flight operations. Joby also completed a series of demonstration flights across the San Francisco Bay Area, marking the beginning of its 2026 Electric Skies Tour.
In regulatory developments, Joby Aviation’s first FAA-conforming aircraft, tail number N547JX, successfully began flight testing in Marina, California. This marks a milestone in its aircraft testing program, with plans to continue Type Inspection Authorization testing with FAA pilots in 2026. Analysts at H.C. Wainwright have reiterated a Buy rating on Joby Aviation, setting a price target of $18.00, while Canaccord Genuity maintains a Hold rating with a $15.50 price target.
Additionally, Cantor Fitzgerald reiterated a Neutral rating on Joby Aviation. These recent developments highlight Joby’s ongoing efforts to advance its eVTOL capabilities and regulatory compliance.
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