Kate Dehoff, who serves as Chief Legal Officer and Corporate Secretary at Joby Aviation (NYSE: JOBY), executed a sale of 667 common shares on April 8 at $8.87 per share, resulting in a total transaction value of $5,916.
The disposition occurred while Joby shares were trading at $8.29, reflecting a decline of roughly 50% over the past six months and about 35% year-to-date.
On the preceding day, April 7, Dehoff took steps that increased her common stock holdings: she exercised options to acquire 1,292 shares of Joby common stock at a price of $0, and 1,292 Restricted Stock Units (RSUs) were converted into common stock on the same day.
Market research from InvestingPro is cited as indicating the stock appears undervalued based on a Fair Value analysis. Investors interested in further financial detail and company-level coverage can access a Pro Research Report, which covers JOBY and more than 1,400 other U.S. equities.
Operational and regulatory progress
Separately from insider transactions, Joby has advanced its flight-testing program. The company’s first FAA-conforming aircraft, registered as N547JX, has begun flight testing at Joby’s Marina, California facility. That aircraft is part of the company’s path toward securing a Type Inspection Authorization - a required milestone on the route to certification for commercial passenger service.
Joby says FAA pilots are expected to commence "for credit" testing later this year, underscoring an intended timeline for regulatory engagement tied to certification milestones.
Analyst ratings and partnerships
Brokerage coverage reflects differing views on Joby’s outlook amid these technical milestones. H.C. Wainwright has reiterated a Buy rating and set an $18.00 price target, while Canaccord Genuity has maintained a Hold rating with a $15.50 price target, both citing confidence in the company’s testing progress.
Joby also announced a partnership with Air Space Intelligence (ASI) to integrate electric air taxis into the U.S. National Airspace System. The collaboration will leverage ASI’s Flyways AI platform to help optimize flight operations, and joint demonstrations are planned for later in the year.
Operational demonstrations have already taken place: Joby completed a series of demonstration flights across the San Francisco Bay Area, marking the start of its 2026 Electric Skies Tour.
Context and limitations
The transactions by Dehoff and the company milestones outlined above are factual events reported by Joby and referenced research; they do not themselves indicate future performance or certification outcomes. The timeline for regulatory approvals and the ultimate market response remain subject to regulatory processes and other factors not detailed here.