Kate DeHoff, the General Counsel and Corporate Secretary of Joby Aviation , Inc. (NYSE:JOBY), recently sold 30,000 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The sale comes as the $7.5 billion market cap company maintains a FAIR financial health rating according to InvestingPro analysis. The transaction, completed on January 6, 2025, was part of DeHoff's pre-arranged 10b5-1 trading plan adopted in June 2024. The shares were sold at a price of $10.00 each, totaling $300,000. Following this transaction, DeHoff retains ownership of 206,087 shares in the company. The stock has shown remarkable momentum, gaining over 99% in the past six months and currently trading near its 52-week high of $10.72. For comprehensive insider trading analysis and 15 additional key insights, visit InvestingPro.
In other recent news, Joby Aviation has seen significant developments. The company has successfully completed a maintenance training program with the U.S. Air Force, fostering technical knowledge on the operations of Joby's electric aircraft. Additionally, Joby Aviation's CFO, Matthew Field, announced his resignation for personal reasons. CEO JoeBen Bevirt and company controller Sergei Novikov will serve as interim replacements for Field.
The Federal Aviation Administration (FAA) has awarded Joby a Part 141 certificate for its flight academy and accepted Joby's voluntary Safety Management System for air operations. This positions Joby to train a variety of pilots, supporting its future eVTOL operations.
Analysts from H.C. Wainwright, Canaccord Genuity, and Needham have reiterated their Buy ratings for Joby Aviation, demonstrating confidence in the company's management and its potential to secure an early market share in the emerging air taxi industry. These are recent developments in Joby Aviation's journey, showing progress towards launching its urban air mobility business.
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