Joby Aviation (NYSE:JOBY) Insider Didier Papadopoulos Sells 5,102 Shares of Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 5,102 shares of the stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $18.08, for a total value of $92,244.16. Following the completion of the sale, the insider directly owned 98,104 shares of the company’s stock, valued at approximately $1,773,720.32. This represents a 4.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, October 2nd, Didier Papadopoulos sold 15,439 shares of Joby Aviation stock. The shares were sold at an average price of $16.78, for a total value of $259,066.42.
• On Tuesday, September 16th, Didier Papadopoulos sold 1,979 shares of Joby Aviation stock. The shares were sold at an average price of $14.22, for a total value of $28,141.38.
• On Monday, September 15th, Didier Papadopoulos sold 5,987 shares of Joby Aviation stock. The shares were sold at an average price of $14.55, for a total value of $87,110.85.

Joby Aviation Stock Performance

NYSE:JOBY opened at $18.26 on Friday. The stock has a market cap of $15.63 billion, a PE ratio of -17.06 and a beta of 2.52. Joby Aviation, Inc. has a one year low of $4.80 and a one year high of $20.95. The stock has a 50 day moving average price of $15.70 and a 200 day moving average price of $10.95.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.06). The company had revenue of $0.02 million during the quarter, compared to the consensus estimate of $0.05 million. The business’s revenue for the quarter was down 94.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.18) EPS. As a group, analysts predict that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Wall Street Zen lowered Joby Aviation from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a research report on Saturday, September 27th. HC Wainwright lowered Joby Aviation from a “buy” rating to a “neutral” rating in a research report on Thursday, August 7th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $9.00 price objective on shares of Joby Aviation in a research report on Monday, June 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Joby Aviation from $5.00 to $7.00 and gave the stock an “underweight” rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $10.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of JOBY. CWM LLC raised its stake in shares of Joby Aviation by 8.1% in the second quarter. CWM LLC now owns 9,156 shares of the company’s stock valued at $97,000 after acquiring an additional 689 shares in the last quarter. GPS Wealth Strategies Group LLC raised its stake in shares of Joby Aviation by 32.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 3,097 shares of the company’s stock valued at $33,000 after acquiring an additional 750 shares in the last quarter. Allworth Financial LP raised its stake in shares of Joby Aviation by 11.9% in the second quarter. Allworth Financial LP now owns 7,197 shares of the company’s stock valued at $76,000 after acquiring an additional 763 shares in the last quarter. Flagship Harbor Advisors LLC raised its stake in shares of Joby Aviation by 2.6% in the second quarter. Flagship Harbor Advisors LLC now owns 31,726 shares of the company’s stock valued at $335,000 after acquiring an additional 800 shares in the last quarter. Finally, EP Wealth Advisors LLC raised its stake in shares of Joby Aviation by 2.2% in the second quarter. EP Wealth Advisors LLC now owns 38,228 shares of the company’s stock valued at $403,000 after acquiring an additional 821 shares in the last quarter. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

About Joby Aviation

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.