Didier Papadopoulos Sells 4,683 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 4,683 shares of the company’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $8.90, for a total value of $41,678.70. Following the sale, the insider now directly owns 79,654 shares of the company’s stock, valued at approximately $708,920.60. This represents a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, May 8th, Didier Papadopoulos sold 2,899 shares of Joby Aviation stock. The shares were sold at an average price of $7.00, for a total value of $20,293.00.

Joby Aviation Trading Up 2.0%

Shares of JOBY stock opened at $8.83 on Thursday. The company has a market cap of $6.99 billion, a price-to-earnings ratio of -10.51 and a beta of 2.39. The stock has a 50 day simple moving average of $7.14 and a 200-day simple moving average of $7.39. Joby Aviation, Inc. has a 12-month low of $4.66 and a 12-month high of $10.72.

Joby Aviation (NYSE:JOBY) last issued its earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.07. Joby Aviation had a negative return on equity of 63.27% and a negative net margin of 447,083.78%. During the same quarter in the prior year, the business posted ($0.14) earnings per share. On average, equities analysts forecast that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the company. JPMorgan Chase & Co. reduced their price objective on Joby Aviation from $6.00 to $5.00 and set an “underweight” rating for the company in a research note on Thursday, February 27th. Morgan Stanley reaffirmed an “equal weight” rating and set a $7.00 price objective (down from $10.00) on shares of Joby Aviation in a research note on Friday, April 11th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $12.00 price objective on shares of Joby Aviation in a research note on Wednesday, June 4th. Cantor Fitzgerald downgraded Joby Aviation from an “overweight” rating to a “neutral” rating and set a $9.00 price objective for the company. in a research note on Thursday, June 12th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $13.00 price objective (up from $9.00) on shares of Joby Aviation in a research note on Monday, June 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $9.33.

Institutional Investors Weigh In On Joby Aviation

A number of institutional investors and hedge funds have recently modified their holdings of JOBY. Empowered Funds LLC grew its holdings in shares of Joby Aviation by 32.7% in the 4th quarter. Empowered Funds LLC now owns 13,409 shares of the company’s stock worth $109,000 after acquiring an additional 3,308 shares during the period. Rhumbline Advisers grew its holdings in shares of Joby Aviation by 8.6% in the 4th quarter. Rhumbline Advisers now owns 594,419 shares of the company’s stock worth $4,833,000 after acquiring an additional 47,070 shares during the period. Allworth Financial LP grew its holdings in shares of Joby Aviation by 200.6% in the 4th quarter. Allworth Financial LP now owns 4,975 shares of the company’s stock worth $44,000 after acquiring an additional 3,320 shares during the period. Baillie Gifford & Co. grew its holdings in shares of Joby Aviation by 4.3% in the 4th quarter. Baillie Gifford & Co. now owns 55,032,165 shares of the company’s stock worth $447,412,000 after acquiring an additional 2,281,161 shares during the period. Finally, D.A. Davidson & CO. acquired a new stake in shares of Joby Aviation in the 4th quarter worth approximately $117,000. Institutional investors and hedge funds own 52.85% of the company’s stock.

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.