Joby Aviation (NYSE:JOBY) Insider Sells $25,550.90 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 2,594 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $9.85, for a total value of $25,550.90. Following the completion of the transaction, the insider owned 135,541 shares of the company’s stock, valued at $1,335,078.85. The trade was a 1.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, March 16th, Didier Papadopoulos sold 4,231 shares of Joby Aviation stock. The shares were sold at an average price of $9.94, for a total value of $42,056.14.
• On Wednesday, March 11th, Didier Papadopoulos sold 1,172 shares of Joby Aviation stock. The shares were sold at an average price of $9.90, for a total value of $11,602.80.
• On Tuesday, March 10th, Didier Papadopoulos sold 1,915 shares of Joby Aviation stock. The shares were sold at an average price of $10.25, for a total value of $19,628.75.
• On Tuesday, February 17th, Didier Papadopoulos sold 6,366 shares of Joby Aviation stock. The stock was sold at an average price of $9.74, for a total transaction of $62,004.84.
• On Friday, February 13th, Didier Papadopoulos sold 10,382 shares of Joby Aviation stock. The stock was sold at an average price of $9.88, for a total transaction of $102,574.16.
• On Wednesday, February 11th, Didier Papadopoulos sold 816 shares of Joby Aviation stock. The shares were sold at an average price of $10.14, for a total transaction of $8,274.24.
• On Tuesday, February 10th, Didier Papadopoulos sold 1,333 shares of Joby Aviation stock. The shares were sold at an average price of $10.55, for a total transaction of $14,063.15.
• On Wednesday, January 14th, Didier Papadopoulos sold 804 shares of Joby Aviation stock. The stock was sold at an average price of $14.53, for a total transaction of $11,682.12.
• On Tuesday, January 13th, Didier Papadopoulos sold 1,367 shares of Joby Aviation stock. The stock was sold at an average price of $14.84, for a total transaction of $20,286.28.
• On Monday, January 5th, Didier Papadopoulos sold 6,429 shares of Joby Aviation stock. The shares were sold at an average price of $15.84, for a total value of $101,835.36.

Joby Aviation Trading Up 1.7%

Shares of JOBY opened at $9.71 on Friday. The stock’s 50-day moving average price is $11.31 and its two-hundred day moving average price is $13.81. Joby Aviation, Inc. has a 12 month low of $4.96 and a 12 month high of $20.95. The company has a market capitalization of $8.85 billion, a PE ratio of -8.51 and a beta of 2.59.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings results on Wednesday, February 25th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.06. The company had revenue of $30.84 million during the quarter, compared to analyst estimates of $16.88 million. The company’s quarterly revenue was up 5506.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.34) EPS. Equities research analysts predict that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

JOBY has been the topic of several recent analyst reports. The Goldman Sachs Group assumed coverage on shares of Joby Aviation in a report on Monday, December 1st. They issued a “sell” rating and a $10.00 target price on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Joby Aviation from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Thursday, February 26th. Needham & Company LLC cut their target price on shares of Joby Aviation to $18.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. HC Wainwright restated a “buy” rating and issued a $18.00 price target on shares of Joby Aviation in a report on Thursday, March 12th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and issued a $15.50 price target on shares of Joby Aviation in a research note on Tuesday, February 3rd. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $13.81.

Hedge Funds Weigh In On Joby Aviation

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Joby Aviation by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 49,948,325 shares of the company’s stock valued at $806,166,000 after purchasing an additional 5,828,189 shares during the last quarter. Man Group plc purchased a new position in shares of Joby Aviation during the third quarter valued at approximately $40,283,000. Norges Bank bought a new stake in Joby Aviation during the fourth quarter worth $32,269,000. Clear Street Group Inc. purchased a new stake in Joby Aviation in the 3rd quarter valued at $36,264,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in Joby Aviation by 80.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,384,180 shares of the company’s stock valued at $44,672,000 after acquiring an additional 1,512,094 shares in the last quarter. Institutional investors own 52.85% of the company’s stock.

Joby Aviation Company Profile

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company’s core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby’s eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company’s flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.