Insider Selling: Joby Aviation (NYSE:JOBY) Insider Sells $20,286.28 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 1,367 shares of the stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $14.84, for a total value of $20,286.28. Following the completion of the transaction, the insider owned 116,015 shares of the company’s stock, valued at $1,721,662.60. The trade was a 1.16% 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 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 Monday, January 5th, Didier Papadopoulos sold 6,429 shares of Joby Aviation stock. The stock was sold at an average price of $15.84, for a total value of $101,835.36.
• On Friday, January 2nd, Didier Papadopoulos sold 11,650 shares of Joby Aviation stock. The shares were sold at an average price of $13.51, for a total value of $157,391.50.
• 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 value 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 Price Performance

Shares of NYSE JOBY opened at $15.42 on Friday. The company has a 50 day simple moving average of $14.56 and a 200 day simple moving average of $15.20. Joby Aviation, Inc. has a 1 year low of $4.96 and a 1 year high of $20.95. The firm has a market cap of $14.06 billion, a PE ratio of -11.51 and a beta of 2.56.

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

Analyst Ratings Changes

A number of research firms recently weighed in on JOBY. Needham & Company LLC restated a “buy” rating and issued a $22.00 price objective on shares of Joby Aviation in a report on Thursday, November 6th. Zacks Research upgraded Joby Aviation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. The Goldman Sachs Group started coverage on Joby Aviation in a report on Monday, December 1st. They issued a “sell” rating and a $10.00 target price on the stock. Morgan Stanley increased their target price on shares of Joby Aviation from $7.00 to $15.00 and gave the company an “equal weight” rating in a research report on Thursday, October 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Joby Aviation in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $13.43.

Institutional Investors Weigh In On Joby Aviation

Large investors have recently added to or reduced their stakes in the business. Toyota Motor Corp increased its holdings in Joby Aviation by 63.1% in the second quarter. Toyota Motor Corp now owns 128,454,401 shares of the company’s stock worth $1,355,194,000 after purchasing an additional 49,701,790 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Joby Aviation by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 49,948,325 shares of the company’s stock worth $806,166,000 after buying an additional 5,828,189 shares during the period. Geode Capital Management LLC grew its position in shares of Joby Aviation by 5.4% during the 2nd quarter. Geode Capital Management LLC now owns 11,109,935 shares of the company’s stock worth $117,230,000 after buying an additional 573,328 shares during the period. State Street Corp increased its stake in shares of Joby Aviation by 3.0% in the 2nd quarter. State Street Corp now owns 10,392,018 shares of the company’s stock valued at $109,636,000 after acquiring an additional 305,109 shares in the last quarter. Finally, Rheos Capital Works Inc. lifted its position in shares of Joby Aviation by 58.2% during the 2nd quarter. Rheos Capital Works Inc. now owns 7,205,000 shares of the company’s stock valued at $76,013,000 after acquiring an additional 2,650,000 shares during the period. Institutional investors and hedge funds 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.