Joby Aviation officer sells shares worth $7,387

In recent filings with the Securities and Exchange Commission, Joby Aviation , Inc. (NYSE:JOBY), a $5.35 billion market cap company, disclosed that Kate DeHoff, an officer at the company, sold shares of the company’s common stock. On March 5, 2025, DeHoff sold 1,121 shares at a price of $6.59 per share, amounting to a total transaction value of $7,387. The stock, currently trading at $6.64, has shown significant volatility with a beta of 2.35, according to InvestingPro data.

The sale was conducted to cover taxes due upon the release and settlement of restricted stock units (RSUs). On March 4, 2025, DeHoff also acquired 3,090 shares through the vesting of RSUs, which were awarded as part of Joby Aviation’s 2024 Performance Award Program. Following these transactions, DeHoff holds 204,245 shares of Joby Aviation. The company maintains strong liquidity with a current ratio of 20.14 and holds more cash than debt on its balance sheet.

These transactions reflect ongoing adjustments in DeHoff’s holdings as part of her compensation and tax obligations. Joby Aviation, based in Santa Cruz, California, continues to make strides in the aircraft manufacturing sector. For deeper insights into Joby’s financial health and detailed analysis, including 13 additional ProTips, check out the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Joby Aviation reported a net loss of $246 million for the fourth quarter of 2024, with an earnings per share (EPS) of -0.34, missing the analyst forecast of -0.19. Despite this miss, the company’s stock saw a positive reaction, attributed to significant advancements in product development and strategic partnerships. Joby Aviation has announced plans to begin FAA TIA flight testing within the next 12 months, aiming to deliver its first aircraft to Dubai by mid-2025. The company also highlighted a strong cash position, with $933 million in cash and short-term investments at year-end, bolstered by $350 million from equity offerings in October and December. Analysts from firms like Cantor Fitzgerald and H.C. Wainwright inquired about the company’s ongoing partnership with the Department of Defense, emphasizing the potential for future growth in defense applications. Additionally, Joby Aviation’s strategic collaboration with Toyota (NYSE:TM) is set to enhance its manufacturing capabilities, with regulatory approvals in place for a $250 million investment tranche. The company continues to focus on scaling production and exploring opportunities in both direct operations and potential aircraft sales models.

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