Insider Selling: Joby Aviation (NYSE:JOBY) Insider Sells $27,864.32 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 1,979 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $14.08, for a total value of $27,864.32. Following the completion of the sale, the insider owned 101,779 shares of the company’s stock, valued at $1,433,048.32. This trade represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Monday, December 15th, Didier Papadopoulos sold 5,987 shares of Joby Aviation stock. The shares were sold at an average price of $14.99, for a total value of $89,745.13.
• On Friday, October 3rd, Didier Papadopoulos sold 5,102 shares of Joby Aviation stock. The stock was sold at an average price of $18.08, for a total transaction of $92,244.16.
• 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 transaction of $259,066.42.

Joby Aviation Stock Performance

Shares of NYSE:JOBY opened at $13.87 on Friday. The company’s fifty day moving average is $15.20 and its two-hundred day moving average is $14.35. Joby Aviation, Inc. has a 1-year low of $4.96 and a 1-year high of $20.95. The stock has a market capitalization of $12.65 billion, a price-to-earnings ratio of -10.35 and a beta of 2.53.

Joby Aviation (NYSE:JOBY) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.29). The firm had revenue of $22.57 million for the quarter, compared to analyst estimates of $0.02 million. The business’s revenue for the quarter was up 7962.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.21) earnings per share. Sell-side analysts expect that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

Analysts Set New Price Targets

JOBY has been the subject of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 target price on shares of Joby Aviation in a report on Thursday, November 6th. Morgan Stanley boosted their price objective on Joby Aviation from $7.00 to $15.00 and gave the company an “equal weight” rating in a research report on Thursday, October 9th. The Goldman Sachs Group began coverage on Joby Aviation in a research note on Monday, December 1st. They set a “sell” rating and a $10.00 price objective for the company. HC Wainwright reaffirmed a “neutral” rating on shares of Joby Aviation in a research report on Monday, November 24th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Joby Aviation in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Joby Aviation has an average rating of “Reduce” and an average price target of $13.43.

Institutional Trading of Joby Aviation

Several large investors have recently added to or reduced their stakes in the business. Allworth Financial LP raised its stake in Joby Aviation by 311.9% during the 3rd quarter. Allworth Financial LP now owns 29,642 shares of the company’s stock valued at $478,000 after acquiring an additional 22,445 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Joby Aviation by 158.1% in the third quarter. IFP Advisors Inc now owns 23,309 shares of the company’s stock worth $376,000 after purchasing an additional 14,279 shares in the last quarter. Strategic Advocates LLC acquired a new position in shares of Joby Aviation during the third quarter valued at $29,000. CIBC Bancorp USA Inc. bought a new stake in shares of Joby Aviation during the third quarter valued at about $794,000. Finally, Centaurus Financial Inc. raised its stake in shares of Joby Aviation by 69.2% during the third quarter. Centaurus Financial Inc. now owns 21,709 shares of the company’s stock valued at $350,000 after purchasing an additional 8,882 shares in the last quarter. 52.85% of the stock is currently owned by institutional investors and hedge funds.

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.