Insider Selling: Joby Aviation (NYSE:JOBY) Insider Sells 11,650 Shares of Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 11,650 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $13.51, for a total transaction of $157,391.50. Following the sale, the insider directly owned 120,147 shares in the company, valued at $1,623,185.97. The trade was a 8.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 transaction of $101,835.36.
• On Tuesday, December 16th, Didier Papadopoulos sold 1,979 shares of Joby Aviation stock. The stock was sold at an average price of $14.08, for a total transaction of $27,864.32.
• On Monday, December 15th, Didier Papadopoulos sold 5,987 shares of Joby Aviation stock. The shares were sold at an average price of $14.99, for a total value of $89,745.13.

Joby Aviation Stock Performance

Shares of Joby Aviation stock traded up $1.65 on Monday, hitting $16.01. The company’s stock had a trading volume of 36,750,666 shares, compared to its average volume of 29,296,010. The company has a market capitalization of $14.60 billion, a price-to-earnings ratio of -11.95 and a beta of 2.56. Joby Aviation, Inc. has a 1 year low of $4.96 and a 1 year high of $20.95. The firm has a fifty day moving average price of $14.64 and a 200-day moving average price of $14.84.

Joby Aviation (NYSE:JOBY) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.29). The firm had revenue of $22.57 million during the quarter, compared to analyst estimates of $0.02 million. During the same period in the previous year, the business earned ($0.21) EPS. Joby Aviation’s quarterly revenue was up 7962.1% on a year-over-year basis. As a group, analysts forecast that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Institutional Investors Weigh In On Joby Aviation

A number of large investors have recently made changes to their positions in JOBY. Asset Planning Inc increased its holdings in shares of Joby Aviation by 70.0% in the third quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock valued at $27,000 after purchasing an additional 700 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Joby Aviation by 284.8% in the 2nd 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. Canton Hathaway LLC purchased a new position in shares of Joby Aviation during the 3rd quarter worth $29,000. Strategic Advocates LLC purchased a new position in shares of Joby Aviation during the 3rd quarter worth $29,000. Finally, Hilltop National Bank acquired a new position in shares of Joby Aviation during the 3rd quarter valued at about $32,000. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on JOBY shares. Zacks Research raised shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. The Goldman Sachs Group started coverage on shares of Joby Aviation in a research note on Monday, December 1st. They issued a “sell” rating and a $10.00 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a research note on Wednesday, October 8th. HC Wainwright reissued a “neutral” rating on shares of Joby Aviation in a report on Monday, November 24th. Finally, JPMorgan Chase & Co. lifted their price target on Joby Aviation from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Joby Aviation presently has an average rating of “Reduce” and a consensus price target of $13.43.

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.