Joby Aviation (NYSE:JOBY) Insider Sells $28,141.38 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 1,979 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $14.22, for a total value of $28,141.38. Following the completion of the transaction, the insider directly owned 88,628 shares in the company, valued at approximately $1,260,290.16. This represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, September 15th, Didier Papadopoulos sold 5,987 shares of Joby Aviation stock. The stock was sold at an average price of $14.55, for a total value of $87,110.85.
• On Thursday, July 3rd, Didier Papadopoulos sold 5,102 shares of Joby Aviation stock. The stock was sold at an average price of $10.28, for a total value of $52,448.56.
• On Wednesday, July 2nd, Didier Papadopoulos sold 15,440 shares of Joby Aviation stock. The stock was sold at an average price of $9.82, for a total value of $151,620.80.

Joby Aviation Stock Performance

Shares of Joby Aviation stock opened at $14.65 on Friday. Joby Aviation, Inc. has a one year low of $4.78 and a one year high of $20.95. The stock’s fifty day moving average is $15.61 and its 200 day moving average is $10.18. The stock has a market cap of $12.54 billion, a P/E ratio of -13.69 and a beta of 2.50.

Joby Aviation (NYSE:JOBY) last announced its earnings results on Wednesday, August 6th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.06). Joby Aviation had a negative return on equity of 71.29% and a negative net margin of 447,083.78%.The company had revenue of $0.02 million during the quarter, compared to the consensus estimate of $0.05 million. During the same period in the prior year, the business posted ($0.18) earnings per share. Joby Aviation’s revenue for the quarter was down 94.6% compared to the same quarter last year. Analysts predict that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC grew its position in Joby Aviation by 8.1% in the second quarter. CWM LLC now owns 9,156 shares of the company’s stock worth $97,000 after acquiring an additional 689 shares in the last quarter. GPS Wealth Strategies Group LLC grew its position in Joby Aviation by 32.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 3,097 shares of the company’s stock worth $33,000 after acquiring an additional 750 shares in the last quarter. Allworth Financial LP grew its position in Joby Aviation by 11.9% in the second quarter. Allworth Financial LP now owns 7,197 shares of the company’s stock worth $76,000 after acquiring an additional 763 shares in the last quarter. Flagship Harbor Advisors LLC grew its position in Joby Aviation by 2.6% in the second quarter. Flagship Harbor Advisors LLC now owns 31,726 shares of the company’s stock worth $335,000 after acquiring an additional 800 shares in the last quarter. Finally, EP Wealth Advisors LLC boosted its position in shares of Joby Aviation by 2.2% during the second quarter. EP Wealth Advisors LLC now owns 38,228 shares of the company’s stock valued at $403,000 after buying an additional 821 shares during the period. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on JOBY shares. HC Wainwright cut Joby Aviation from a “buy” rating to a “neutral” rating in a report on Thursday, August 7th. Canaccord Genuity Group cut Joby Aviation from a “buy” rating to a “hold” rating and raised their price target for the company from $12.00 to $17.00 in a report on Thursday, August 7th. JPMorgan Chase & Co. raised their price target on Joby Aviation from $5.00 to $7.00 and gave the company an “underweight” rating in a report on Friday, August 1st. Cantor Fitzgerald reissued a “neutral” rating and set a $9.00 price target on shares of Joby Aviation in a report on Monday, June 23rd. Finally, Wall Street Zen cut Joby Aviation from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $10.50.

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.