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Kate DeHoff, General Counsel and Corporate Secretary at Joby Aviation , Inc. (NYSE:JOBY), recently sold shares valued at $51,289, according to a filing with the Securities and Exchange Commission. The transaction, dated February 13, involved the sale of 6,903 shares at a price of $7.43 each. The stock, which currently trades at $7.83, has shown remarkable momentum with a 53% gain over the past six months, according to InvestingPro data.
The sale was part of a routine process to cover taxes due upon the release and settlement of restricted stock units (RSUs), as specified in the terms of the RSU award. This transaction leaves DeHoff with a total of 202,276 shares in the company.
Additionally, on February 12, DeHoff acquired 19,047 shares of common stock at no cost through the vesting of RSUs. These transactions reflect ongoing activity related to her compensation package with Joby Aviation.
In other recent news, Joby Aviation has seen significant developments. The company reported a revision in its bylaws and voting rights, with changes aimed at aligning corporate governance with regulatory compliance and best practices. In the meantime, Joby Aviation has also received positive assessments from various analysts. Needham & Company has raised its price target for the company, maintaining a Buy rating due to Joby's anticipated international launch in the United Arab Emirates and expected domestic regulatory approval. Canaccord Genuity analysts also expressed confidence in Joby Aviation, raising their price target and highlighting the company's strong financial position, making it the best-capitalized eVTOL manufacturer. H.C. Wainwright maintained its Buy rating on Joby Aviation, citing the company's strong regulatory progress and industry leadership outlook. Furthermore, Joby Aviation successfully concluded a maintenance training program with members of the U.S. Air Force, marking another milestone in its operational developments. These are recent developments, and investors are advised to keep a close eye on the company's progress.
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