Joby Aviation, Inc. (NYSE:JOBY) Insider Sells $76,920.00 in Stock

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

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

• On Monday, December 16th, Didier Papadopoulos sold 6,005 shares of Joby Aviation stock. The shares were sold at an average price of $7.65, for a total value 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 Stock Performance

NYSE JOBY opened at $10.27 on Wednesday. The firm’s fifty day moving average price is $7.37 and its two-hundred day moving average price is $6.13. The stock has a market cap of $7.86 billion, a PE ratio of -14.67 and a beta of 2.33. Joby Aviation, Inc. has a fifty-two week low of $4.50 and a fifty-two week high of $10.72.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $0.06 million. During the same quarter in the prior year, the firm earned ($0.13) EPS. As a group, sell-side analysts predict that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Trading of Joby Aviation

Several hedge funds and other institutional investors have recently made changes to their positions in JOBY. Intech Investment Management LLC acquired a new stake in Joby Aviation during the 3rd quarter worth approximately $518,000. Fred Alger Management LLC raised its stake in shares of Joby Aviation by 89.4% during the third quarter. Fred Alger Management LLC now owns 123,368 shares of the company’s stock valued at $621,000 after acquiring an additional 58,229 shares during the last quarter. Caprock Group LLC lifted its holdings in shares of Joby Aviation by 179.5% during the third quarter. Caprock Group LLC now owns 124,404 shares of the company’s stock worth $626,000 after purchasing an additional 79,896 shares during the period. Susquehanna Fundamental Investments LLC grew its stake in shares of Joby Aviation by 1,018.5% in the second quarter. Susquehanna Fundamental Investments LLC now owns 677,116 shares of the company’s stock worth $3,453,000 after purchasing an additional 616,579 shares during the last quarter. Finally, Holocene Advisors LP raised its position in Joby Aviation by 91.7% during the 3rd quarter. Holocene Advisors LP now owns 521,327 shares of the company’s stock worth $2,622,000 after purchasing an additional 249,375 shares during the last quarter. 52.85% of the stock is currently owned by institutional investors.

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.