Didier Papadopoulos Sells 12,939 Shares of Joby Aviation (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 12,939 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $8.92, for a total value of $115,415.88. Following the transaction, the insider owned 160,620 shares of the company’s stock, valued at $1,432,730.40. This represents a 7.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Tuesday, June 16th, Didier Papadopoulos sold 1,975 shares of Joby Aviation stock. The shares were sold at an average price of $9.42, for a total transaction of $18,604.50.
• 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 stock was sold at an average price of $8.47, for a total transaction 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.

Joby Aviation Trading Down 9.0%

Shares of JOBY stock opened at $8.12 on Wednesday. Joby Aviation, Inc. has a 12-month low of $7.75 and a 12-month high of $20.95. The company has a market capitalization of $7.98 billion, a P/E ratio of -7.06 and a beta of 2.71. The firm has a 50-day moving average price of $9.93 and a 200 day moving average price of $10.69. The company has a quick ratio of 22.05, a current ratio of 22.06 and a debt-to-equity ratio of 0.36.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its stake in shares of Joby Aviation by 194.5% in the 1st quarter. Renaissance Technologies LLC now owns 4,005,200 shares of the company’s stock valued at $33,083,000 after purchasing an additional 2,645,200 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Joby Aviation by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 52,488,707 shares of the company’s stock worth $692,851,000 after buying an additional 2,540,382 shares during the last quarter. Man Group plc bought a new stake in shares of Joby Aviation during the third quarter worth approximately $40,283,000. Norges Bank acquired a new position in Joby Aviation in the fourth quarter valued at approximately $32,269,000. Finally, Clear Street Group Inc. acquired a new position in Joby Aviation in the third quarter valued at approximately $36,264,000. 52.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on JOBY. Canaccord Genuity Group dropped their price target on Joby Aviation from $15.50 to $11.50 and set a “hold” rating for the company in a report on Thursday, May 7th. Morgan Stanley reduced their price objective on Joby Aviation from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Wall Street Zen upgraded Joby Aviation from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 10th. HC Wainwright reaffirmed a “buy” rating and issued a $18.00 price target on shares of Joby Aviation in a report on Thursday, March 12th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $18.00 price target on shares of Joby Aviation in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $13.64.

Key Stories Impacting Joby Aviation

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

• Positive Sentiment: Recent coverage says investors are still bidding up Joby Aviation on hopes it can begin commercial air taxi operations this year, a major milestone that would validate the business model and open the door to future revenue. Joby Aviation Stock: Is It More Likely to Hit $15 or $5 This Year?
• Positive Sentiment: Another update highlighted that Joby’s air taxi expansion is fueling investor excitement and lifting sentiment around the company’s long-term growth potential. Why Joby Aviation Stock Popped Today
• Neutral Sentiment: Several executives, including CFO Rodrigo Brumana and CEO Joeben Bevirt, disclosed share sales. The company said these were mainly to cover tax withholding tied to vesting equity awards, which makes the transactions look more routine than conviction-driven. SEC filing
• Neutral Sentiment: Additional insider sales were reported from Didier Papadopoulos, Eric Allison, Kate Dehoff, Gregory Bowles, and Bonny W. Simi, including a pre-arranged Rule 10b5-1 sale. These were also described as tax-related and do not necessarily signal a fundamental change in the outlook. SEC filing
• Negative Sentiment: The key downside risk is that Joby’s aircraft is not yet approved for commercial service, so any delay in regulatory progress could cool the rally and pressure the stock. Article

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.