Didier Papadopoulos Sells 15,439 Shares of Joby Aviation (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 15,439 shares of Joby Aviation stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $16.78, for a total value of $259,066.42. Following the completion of the sale, the insider directly owned 103,206 shares in the company, valued at approximately $1,731,796.68. This represents a 13.01% decrease in their position. The sale 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 Friday, October 3rd, Didier Papadopoulos sold 5,102 shares of Joby Aviation stock. The shares were sold at an average price of $18.08, for a total value of $92,244.16.
• 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

Shares of Joby Aviation stock opened at $18.26 on Friday. The business’s 50 day simple moving average is $15.70 and its 200 day simple moving average is $10.99. Joby Aviation, Inc. has a 52-week low of $4.80 and a 52-week high of $20.95. The firm has a market cap of $15.63 billion, a PE ratio of -17.06 and a beta of 2.52.

Joby Aviation (NYSE:JOBY) last announced its earnings results on Wednesday, August 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.06). The company had revenue of $0.02 million during the quarter, compared to analyst estimates of $0.05 million. During the same quarter in the previous year, the company posted ($0.18) earnings per share. The business’s revenue was down 94.6% compared to the same quarter last year. As a group, equities research analysts predict that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC boosted its stake in shares of Joby Aviation by 8.1% during the 2nd quarter. CWM LLC now owns 9,156 shares of the company’s stock worth $97,000 after acquiring an additional 689 shares during the period. GPS Wealth Strategies Group LLC boosted its stake in shares of Joby Aviation by 32.0% during the 2nd 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 during the period. Allworth Financial LP boosted its stake in shares of Joby Aviation by 11.9% during the 2nd quarter. Allworth Financial LP now owns 7,197 shares of the company’s stock worth $76,000 after acquiring an additional 763 shares during the period. Flagship Harbor Advisors LLC boosted its stake in shares of Joby Aviation by 2.6% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 31,726 shares of the company’s stock worth $335,000 after acquiring an additional 800 shares during the period. Finally, EP Wealth Advisors LLC boosted its stake in Joby Aviation by 2.2% in the 2nd quarter. EP Wealth Advisors LLC now owns 38,228 shares of the company’s stock valued at $403,000 after purchasing an additional 821 shares during the period. 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.