Joby Aviation, Inc. (NYSE:JOBY – Get Free Report) insider Didier Papadopoulos sold 5,999 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $9.83, for a total transaction of $58,970.17. Following the completion of the transaction, the insider owned 150,430 shares in the company, valued at approximately $1,478,726.90. This trade represents a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Didier Papadopoulos also recently made the following trade(s):
- On Tuesday, June 16th, Didier Papadopoulos sold 1,975 shares of Joby Aviation stock. The stock was sold at an average price of $9.42, for a total transaction of $18,604.50.
- On Thursday, April 9th, Didier Papadopoulos sold 271 shares of Joby Aviation stock. The stock was sold at an average price of $8.47, for a total transaction of $2,295.37.
- On Wednesday, April 8th, Didier Papadopoulos sold 826 shares of Joby Aviation stock. The stock was sold at an average price of $8.87, for a total transaction of $7,326.62.
- On Monday, April 6th, Didier Papadopoulos sold 3,394 shares of Joby Aviation stock. The shares were sold at an average price of $8.76, for a total transaction of $29,731.44.
- On Thursday, April 2nd, Didier Papadopoulos sold 12,965 shares of Joby Aviation stock. The shares were sold at an average price of $8.15, for a total transaction of $105,664.75.
Joby Aviation Trading Up 0.5%
NYSE JOBY opened at $9.39 on Thursday. Joby Aviation, Inc. has a one year low of $7.75 and a one year high of $20.95. The company’s 50 day moving average price is $9.85 and its 200 day moving average price is $11.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 22.05 and a current ratio of 22.06. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of -8.16 and a beta of 2.66.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Joby Aviation from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Thursday, February 26th. Weiss Ratings downgraded shares of Joby Aviation from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Canaccord Genuity Group decreased their price objective on shares of Joby Aviation from $15.50 to $11.50 and set a “hold” rating for the company in a report on Thursday, May 7th. Oppenheimer set a $18.00 price objective on shares of Joby Aviation in a report on Thursday, February 26th. Finally, Wall Street Zen raised shares of Joby Aviation from a “strong sell” rating to a “sell” rating in a report on Sunday, May 10th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $13.06.
Get Our Latest Stock Analysis on Joby Aviation
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of JOBY. Vanguard Group Inc. increased its stake in Joby Aviation by 13.2% in the 3rd quarter. Vanguard Group Inc. now owns 49,948,325 shares of the company’s stock worth $806,166,000 after purchasing an additional 5,828,189 shares in the last quarter. Renaissance Technologies LLC increased its stake in Joby Aviation by 194.5% in the 1st quarter. Renaissance Technologies LLC now owns 4,005,200 shares of the company’s stock worth $33,083,000 after purchasing an additional 2,645,200 shares in the last quarter. Man Group plc purchased a new position in Joby Aviation in the 3rd quarter worth about $40,283,000. Norges Bank purchased a new position in Joby Aviation in the 4th quarter worth about $32,269,000. Finally, Clear Street Group Inc. purchased a new position in Joby Aviation in the 3rd quarter worth about $36,264,000. 52.85% of the stock is owned by institutional investors and hedge funds.
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.
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