JOBY
A little cash-out at Joby
Joby Aviation’s Chief Legal Officer and Corporate Secretary, Kate DeHoff, sold shares in two transactions totaling $192,937. That’s not exactly “abandon ship” money, but it is the kind of insider move investors notice when a stock has already been having a rough ride.
Why you should care
Insider sales can mean a lot of things: taxes, diversification, or just good old-fashioned portfolio housekeeping. Still, when a stock is down 51% over the past six months, every sell button gets a closer look. Nobody likes seeing leadership trim exposure while shareholders are still waiting for the air taxi story to turn into actual revenue.
The bigger Joby plotline
This isn’t happening in a vacuum. Joby has also been busy with:
- a partnership with Air Space Intelligence to help integrate electric air taxis into the U.S. airspace system
- demonstration flights around the San Francisco Bay Area as part of its 2026 Electric Skies Tour
- first FAA-conforming aircraft flight testing in Marina, California
Street-level reality check
Analysts are still split on the name: H.C. Wainwright reiterated a Buy with an $18 target, while Canaccord Genuity is sitting at Hold with a $15.50 target. So yes, the company keeps adding milestones — but the stock still has to prove that milestones eventually turn into something more than very expensive aviation homework.
Big picture: the insider sale won’t make or break the Joby thesis, but in a volatile name like this, even modest selling can add to the market’s already skeptical mood.