Joby Aviation, Inc. (NYSE:JOBY) Insider Sells $32,113.25 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 6,025 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $5.33, for a total value of $32,113.25. Following the completion of the transaction, the insider now owns 47,474 shares in the company, valued at approximately $253,036.42. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, July 3rd, Didier Papadopoulos sold 7,262 shares of Joby Aviation stock. The shares were sold at an average price of $5.15, for a total transaction of $37,399.30.
• On Monday, July 1st, Didier Papadopoulos sold 23,188 shares of Joby Aviation stock. The stock was sold at an average price of $4.86, for a total value of $112,693.68.

Joby Aviation Stock Performance

JOBY stock traded down $0.06 during midday trading on Tuesday, hitting $5.26. 4,145,127 shares of the company’s stock were exchanged, compared to its average volume of 5,502,731. The company has a market cap of $3.77 billion, a PE ratio of -7.11 and a beta of 1.97. The stock’s fifty day moving average price is $5.53 and its 200-day moving average price is $5.22. Joby Aviation, Inc. has a one year low of $4.50 and a one year high of $7.69.

Joby Aviation (NYSE:JOBY) last announced its earnings results on Wednesday, August 7th. The company reported ($0.18) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.18). The company had revenue of $0.28 million during the quarter, compared to analyst estimates of $0.28 million. During the same period in the previous year, the company posted ($0.17) earnings per share. On average, analysts expect that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Hedge Funds Weigh In On Joby Aviation

A number of institutional investors have recently added to or reduced their stakes in JOBY. Flaharty Asset Management LLC lifted its stake in Joby Aviation by 25.0% in the 2nd quarter. Flaharty Asset Management LLC now owns 15,000 shares of the company’s stock valued at $76,000 after purchasing an additional 3,000 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of Joby Aviation by 8.5% in the first quarter. ProShare Advisors LLC now owns 50,103 shares of the company’s stock valued at $269,000 after buying an additional 3,942 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Joby Aviation by 46.2% during the 2nd quarter. Amalgamated Bank now owns 13,905 shares of the company’s stock worth $71,000 after acquiring an additional 4,391 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Joby Aviation by 4.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 109,715 shares of the company’s stock valued at $730,000 after acquiring an additional 4,445 shares during the period. Finally, Cetera Advisors LLC lifted its holdings in Joby Aviation by 32.9% during the 1st quarter. Cetera Advisors LLC now owns 20,276 shares of the company’s stock valued at $109,000 after purchasing an additional 5,025 shares during the last quarter. 45.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on Joby Aviation from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 target price on shares of Joby Aviation in a report on Monday, September 9th. HC Wainwright initiated coverage on shares of Joby Aviation in a research report on Tuesday, September 3rd. They issued a “buy” rating and a $9.00 price objective for the company. Finally, Canaccord Genuity Group reduced their target price on shares of Joby Aviation from $11.00 to $10.50 and set a “buy” rating on the stock in a research note on Thursday, August 8th.

Joby Aviation Company Profile

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.