Joby Aviation (NYSE:JOBY) Insider Didier Papadopoulos Sells 12,965 Shares

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 12,965 shares of the firm’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $8.15, for a total transaction of $105,664.75. Following the sale, the insider directly owned 147,678 shares of the company’s stock, valued at approximately $1,203,575.70. The trade was a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, March 17th, Didier Papadopoulos sold 2,594 shares of Joby Aviation stock. The stock was sold at an average price of $9.85, for a total transaction of $25,550.90.
• On Monday, March 16th, Didier Papadopoulos sold 4,231 shares of Joby Aviation stock. The stock was sold at an average price of $9.94, for a total transaction 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 transaction 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 value 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 value 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 value 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 value 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 value of $11,682.12.
• On Tuesday, January 13th, Didier Papadopoulos sold 1,367 shares of Joby Aviation stock. The shares were sold at an average price of $14.84, for a total value of $20,286.28.

Joby Aviation Stock Down 0.0%

Shares of Joby Aviation stock traded down $0.00 on Friday, hitting $8.50. 23,309,062 shares of the company’s stock traded hands, compared to its average volume of 23,038,890. The stock has a market cap of $7.75 billion, a P/E ratio of -7.45 and a beta of 2.68. The firm’s 50-day moving average is $10.03 and its 200 day moving average is $13.47. Joby Aviation, Inc. has a 52-week low of $4.96 and a 52-week high of $20.95.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JOBY. HC Wainwright restated a “buy” rating and issued a $18.00 target price on shares of Joby Aviation in a research note on Thursday, March 12th. Oppenheimer set a $18.00 price target on Joby Aviation in a research note on Thursday, February 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Joby Aviation in a research note on Thursday, January 22nd. Canaccord Genuity Group reaffirmed a “hold” rating and set a $15.50 target price on shares of Joby Aviation in a report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. decreased their target price on Joby Aviation from $8.00 to $7.00 and set an “underweight” rating for the company in a research report on Thursday, February 26th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Joby Aviation presently has a consensus rating of “Reduce” and an average target price of $13.81.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JOBY. Fifth Third Bancorp boosted its holdings in shares of Joby Aviation by 207.4% in the 4th quarter. Fifth Third Bancorp now owns 1,998 shares of the company’s stock valued at $26,000 after buying an additional 1,348 shares during the period. Asset Planning Inc raised its stake in Joby Aviation by 70.0% during the third quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock worth $27,000 after acquiring an additional 700 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Joby Aviation by 284.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock worth $27,000 after acquiring an additional 1,880 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Joby Aviation in the fourth quarter valued at approximately $28,000. Finally, Canton Hathaway LLC bought a new position in shares of Joby Aviation during the third quarter valued at approximately $29,000. 52.85% of the stock is currently owned by institutional investors.

About Joby Aviation

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.