Joby Aviation, Inc. (NYSE:JOBY) Insider Didier Papadopoulos Sells 7,692 Shares

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 7,692 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $10.00, for a total value of $76,920.00. Following the transaction, the insider now owns 50,902 shares of the company’s stock, valued at approximately $509,020. This trade represents a 13.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Didier Papadopoulos also recently made the following trade(s):

• On Monday, December 16th, Didier Papadopoulos sold 6,005 shares of Joby Aviation stock. The stock was sold at an average price of $7.65, for a total value of $45,938.25.
• On Thursday, November 21st, Didier Papadopoulos sold 2,279 shares of Joby Aviation stock. The shares were sold at an average price of $7.00, for a total value of $15,953.00.

Joby Aviation Price Performance

Shares of JOBY opened at $10.27 on Wednesday. The firm has a 50-day moving average of $7.37 and a 200-day moving average of $6.13. The company has a market cap of $7.86 billion, a PE ratio of -14.67 and a beta of 2.33. Joby Aviation, Inc. has a one year low of $4.50 and a one year high of $10.72.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02). Joby Aviation had a negative return on equity of 51.76% and a negative net margin of 42,844.57%. The business had revenue of $0.28 million for the quarter, compared to analyst estimates of $0.06 million. During the same period last year, the firm earned ($0.13) EPS. Analysts expect that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Institutional Investors Weigh In On Joby Aviation

Several hedge funds have recently added to or reduced their stakes in JOBY. Geode Capital Management LLC increased its holdings in shares of Joby Aviation by 7.7% in the third quarter. Geode Capital Management LLC now owns 9,390,720 shares of the company’s stock valued at $47,245,000 after purchasing an additional 670,852 shares during the last quarter. State Street Corp boosted its holdings in shares of Joby Aviation by 9.5% during the 3rd quarter. State Street Corp now owns 9,372,636 shares of the company’s stock worth $47,144,000 after buying an additional 812,248 shares during the period. Ieq Capital LLC grew its stake in Joby Aviation by 68.6% in the 2nd quarter. Ieq Capital LLC now owns 4,441,574 shares of the company’s stock valued at $22,652,000 after buying an additional 1,807,054 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Joby Aviation by 41.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,474,677 shares of the company’s stock valued at $7,521,000 after acquiring an additional 435,069 shares during the period. Finally, Susquehanna Fundamental Investments LLC lifted its position in Joby Aviation by 1,018.5% during the second quarter. Susquehanna Fundamental Investments LLC now owns 677,116 shares of the company’s stock worth $3,453,000 after acquiring an additional 616,579 shares during the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on JOBY shares. HC Wainwright reiterated a “buy” rating and issued a $9.00 price objective on shares of Joby Aviation in a report on Wednesday, December 18th. JPMorgan Chase & Co. lowered their price target on shares of Joby Aviation from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 29th. Needham & Company LLC assumed coverage on shares of Joby Aviation in a research note on Tuesday, November 19th. They set a “buy” rating and a $8.00 price objective for the company. Canaccord Genuity Group lowered their target price on Joby Aviation from $10.50 to $9.75 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 price target on shares of Joby Aviation in a research report on Monday, September 30th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $8.35.

About Joby Aviation

Joby Aviation, Inc, a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. The company intends to build an aerial ridesharing service, as well as developing an application-based platform that will enable consumers to book rides.