Joby Aviation (NYSE:JOBY) Insider Didier Papadopoulos Sells 1,975 Shares of Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 1,975 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $9.42, for a total transaction of $18,604.50. Following the completion of the sale, the insider directly owned 148,455 shares in the company, valued at approximately $1,398,446.10. The trade was a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, June 15th, Didier Papadopoulos sold 5,999 shares of Joby Aviation stock. The stock was sold at an average price of $9.83, for a total transaction of $58,970.17.
• On Thursday, April 9th, Didier Papadopoulos sold 271 shares of Joby Aviation stock. The shares were sold at an average price of $8.47, for a total value of $2,295.37.
• On Wednesday, April 8th, Didier Papadopoulos sold 826 shares of Joby Aviation stock. The stock was sold at an average price of $8.87, for a total transaction of $7,326.62.
• On Monday, April 6th, Didier Papadopoulos sold 3,394 shares of Joby Aviation stock. The stock was sold at an average price of $8.76, for a total transaction of $29,731.44.
• On Thursday, April 2nd, Didier Papadopoulos sold 12,965 shares of Joby Aviation stock. The shares were sold at an average price of $8.15, for a total value of $105,664.75.

Joby Aviation Stock Down 3.5%

NYSE JOBY opened at $9.33 on Wednesday. Joby Aviation, Inc. has a one year low of $7.75 and a one year high of $20.95. The company has a market cap of $9.18 billion, a P/E ratio of -8.11 and a beta of 2.66. The business has a fifty day moving average price of $9.84 and a 200 day moving average price of $11.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 22.05 and a current ratio of 22.06.

Joby Aviation (NYSE:JOBY) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.09. Joby Aviation had a negative net margin of 1,232.62% and a negative return on equity of 60.54%. The firm had revenue of $24.25 million for the quarter, compared to the consensus estimate of $20.17 million. During the same period last year, the firm posted ($0.11) earnings per share. Research analysts anticipate that Joby Aviation, Inc. will post -0.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on JOBY shares. Needham & Company LLC reissued a “buy” rating and set a $18.00 price objective on shares of Joby Aviation in a research report on Wednesday, May 6th. Weiss Ratings downgraded Joby Aviation from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. Morgan Stanley lowered their price target on Joby Aviation from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Oppenheimer set a $18.00 price objective on shares of Joby Aviation in a research report on Thursday, February 26th. Finally, Canaccord Genuity Group cut their price target on shares of Joby Aviation from $15.50 to $11.50 and set a “hold” rating for the company in a report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $13.06.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. GoalVest Advisory LLC raised its position in shares of Joby Aviation by 2.1% in the 4th quarter. GoalVest Advisory LLC now owns 33,500 shares of the company’s stock valued at $442,000 after purchasing an additional 700 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Joby Aviation by 4.6% in the third quarter. Thrivent Financial for Lutherans now owns 16,705 shares of the company’s stock valued at $270,000 after acquiring an additional 736 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in Joby Aviation by 2.2% during the 2nd 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 during the last quarter. Signaturefd LLC boosted its stake in Joby Aviation by 8.4% during the 4th quarter. Signaturefd LLC now owns 11,218 shares of the company’s stock valued at $148,000 after acquiring an additional 872 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in Joby Aviation by 38.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,256 shares of the company’s stock worth $56,000 after acquiring an additional 1,188 shares in the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

Joby Aviation News Roundup

Here are the key news stories impacting Joby Aviation this week:

• Positive Sentiment: Investor sentiment around eVTOL/air-taxi stocks improved after a Jefferies consumer survey signaled growing interest in the category, helping lift Joby Aviation alongside peers. Stock Market Today, June 15: Joby Aviation Jumps on Positive Consumer Sentiment on eVOTLs
• Positive Sentiment: Coverage highlighting Joby’s Dayton manufacturing buildout and the broader “birthplace of aviation” narrative reinforces the company’s progress toward production and commercialization. How Joby is building its air taxi company in Dayton with workers who are ‘production heroes’
• Neutral Sentiment: Local media reports continued to spotlight Joby’s Dayton operations and the company’s effort to help define standards in a still-emerging industry. How Joby is building its air taxi company in Dayton with workers who are ‘production heroes’
• Neutral Sentiment: A related article emphasized Joby’s Dayton plant as part of a broader effort to create standards for the air-taxi industry; informative, but not a clear near-term financial catalyst. Thomas Gnau: How Joby is building its air taxi company in Dayton with workers who are ‘production heroes’
• Negative Sentiment: Insider Didier Papadopoulos sold shares on June 15 and June 16 under a pre-arranged 10b5-1 plan to cover tax withholding tied to equity vesting, which can still weigh on sentiment even if the sales were routine. SEC Form 4 filing

About Joby Aviation

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company’s core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby’s eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company’s flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.