Joby Aviation (NYSE:JOBY) Insider Sells $259,066.42 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 15,439 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $16.78, for a total value of $259,066.42. Following the completion of the sale, the insider owned 103,206 shares of the company’s stock, valued at $1,731,796.68. This trade represents a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, October 3rd, Didier Papadopoulos sold 5,102 shares of Joby Aviation stock. The shares were sold at an average price of $18.08, for a total value of $92,244.16.
• On Tuesday, September 16th, Didier Papadopoulos sold 1,979 shares of Joby Aviation stock. The shares were sold at an average price of $14.22, for a total value of $28,141.38.
• On Monday, September 15th, Didier Papadopoulos sold 5,987 shares of Joby Aviation stock. The shares were sold at an average price of $14.55, for a total value of $87,110.85.

Joby Aviation Price Performance

JOBY opened at $18.26 on Friday. The business has a fifty day simple moving average of $15.70 and a 200 day simple moving average of $10.99. The company has a market capitalization of $15.63 billion, a PE ratio of -17.06 and a beta of 2.52. Joby Aviation, Inc. has a 1 year low of $4.80 and a 1 year high of $20.95.

Joby Aviation (NYSE:JOBY) last released its earnings results on Wednesday, August 6th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.06). The firm had revenue of $0.02 million during the quarter, compared to analysts’ expectations of $0.05 million. The business’s revenue for the quarter was down 94.6% on a year-over-year basis. During the same period last year, the firm posted ($0.18) EPS. Equities analysts anticipate that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Joby Aviation

A number of institutional investors have recently modified their holdings of the business. CWM LLC raised its holdings in shares of Joby Aviation by 8.1% during the 2nd quarter. CWM LLC now owns 9,156 shares of the company’s stock worth $97,000 after buying an additional 689 shares in the last quarter. GPS Wealth Strategies Group LLC raised its holdings in shares of Joby Aviation by 32.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 3,097 shares of the company’s stock worth $33,000 after buying an additional 750 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Joby Aviation by 11.9% during the 2nd quarter. Allworth Financial LP now owns 7,197 shares of the company’s stock worth $76,000 after buying an additional 763 shares in the last quarter. Flagship Harbor Advisors LLC increased its holdings in Joby Aviation by 2.6% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 31,726 shares of the company’s stock worth $335,000 after purchasing an additional 800 shares in the last quarter. Finally, EP Wealth Advisors LLC increased its holdings in Joby Aviation by 2.2% in the 2nd quarter. EP Wealth Advisors LLC now owns 38,228 shares of the company’s stock worth $403,000 after purchasing an additional 821 shares in the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

Analysts Set New Price Targets

JOBY has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Joby Aviation from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Canaccord Genuity Group downgraded Joby Aviation from a “buy” rating to a “hold” rating and upped their target price for the company from $12.00 to $17.00 in a research report on Thursday, August 7th. JPMorgan Chase & Co. upped their target price on Joby Aviation from $5.00 to $7.00 and gave the company an “underweight” rating in a research report on Friday, August 1st. HC Wainwright downgraded Joby Aviation from a “buy” rating to a “neutral” rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $10.50.

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.