Joby Aviation, Inc. (NYSE:JOBY) Insider Didier Papadopoulos Sells 7,692 Shares

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 7,692 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $10.00, for a total value of $76,920.00. Following the sale, the insider now owns 50,902 shares of the company’s stock, valued at approximately $509,020. This trade represents a 13.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, December 16th, Didier Papadopoulos sold 6,005 shares of Joby Aviation stock. The stock was sold at an average price of $7.65, for a total transaction of $45,938.25.
• On Thursday, November 21st, Didier Papadopoulos sold 2,279 shares of Joby Aviation stock. The stock was sold at an average price of $7.00, for a total transaction of $15,953.00.

Joby Aviation Trading Up 4.5 %

Shares of NYSE:JOBY traded up $0.44 during mid-day trading on Tuesday, reaching $10.27. The stock had a trading volume of 26,796,148 shares, compared to its average volume of 21,867,633. The business’s 50 day moving average price is $7.27 and its 200 day moving average price is $6.09. Joby Aviation, Inc. has a 1 year low of $4.50 and a 1 year high of $10.72. The company has a market cap of $7.86 billion, a P/E ratio of -14.67 and a beta of 2.33.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.02). Joby Aviation had a negative return on equity of 51.76% and a negative net margin of 42,844.57%. The firm had revenue of $0.28 million for the quarter, compared to analysts’ expectations of $0.06 million. During the same period last year, the company earned ($0.13) earnings per share. Analysts predict that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Joby Aviation

Several large investors have recently modified their holdings of JOBY. Everence Capital Management Inc. bought a new stake in Joby Aviation in the fourth quarter worth about $142,000. Tidal Investments LLC raised its holdings in shares of Joby Aviation by 13.7% in the third quarter. Tidal Investments LLC now owns 29,246 shares of the company’s stock worth $147,000 after buying an additional 3,522 shares during the period. Geode Capital Management LLC lifted its stake in shares of Joby Aviation by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 9,390,720 shares of the company’s stock worth $47,245,000 after acquiring an additional 670,852 shares during the last quarter. Kensington Investment Counsel LLC boosted its holdings in Joby Aviation by 12.0% during the 3rd quarter. Kensington Investment Counsel LLC now owns 34,099 shares of the company’s stock valued at $172,000 after acquiring an additional 3,653 shares during the period. Finally, EP Wealth Advisors LLC grew its position in Joby Aviation by 15.4% in the 3rd quarter. EP Wealth Advisors LLC now owns 37,369 shares of the company’s stock valued at $188,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors own 52.85% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on JOBY. Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 price objective on shares of Joby Aviation in a research note on Monday, September 30th. Needham & Company LLC initiated coverage on Joby Aviation in a research note on Tuesday, November 19th. They issued a “buy” rating and a $8.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on Joby Aviation from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Tuesday, October 29th. HC Wainwright reiterated a “buy” rating and issued a $9.00 price target on shares of Joby Aviation in a research report on Wednesday, December 18th. Finally, Canaccord Genuity Group decreased their price objective on shares of Joby Aviation from $10.50 to $9.75 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $8.35.

Joby Aviation Company Profile

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.