Joby Aviation (NYSE:JOBY) Insider Didier Papadopoulos Sells 5,987 Shares

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 5,987 shares of Joby Aviation stock in a transaction on Monday, September 15th. The stock was sold at an average price of $14.55, for a total transaction of $87,110.85. Following the transaction, the insider directly owned 90,607 shares of the company’s stock, valued at $1,318,331.85. The trade was a 6.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, September 16th, Didier Papadopoulos sold 1,979 shares of Joby Aviation stock. The stock was sold at an average price of $14.22, for a total value of $28,141.38.
• On Thursday, July 3rd, Didier Papadopoulos sold 5,102 shares of Joby Aviation stock. The stock was sold at an average price of $10.28, for a total value of $52,448.56.
• On Wednesday, July 2nd, Didier Papadopoulos sold 15,440 shares of Joby Aviation stock. The stock was sold at an average price of $9.82, for a total value of $151,620.80.

Joby Aviation Trading Up 1.8%

NYSE:JOBY opened at $14.37 on Wednesday. Joby Aviation, Inc. has a twelve month low of $4.78 and a twelve month high of $20.95. The company has a market cap of $12.30 billion, a price-to-earnings ratio of -13.43 and a beta of 2.50. The stock has a fifty day simple moving average of $15.51 and a 200-day simple moving average of $10.10.

Joby Aviation (NYSE:JOBY) last released its earnings results 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). Joby Aviation had a negative return on equity of 71.29% and a negative net margin of 447,083.78%.The business had revenue of $0.02 million for the quarter, compared to the consensus estimate of $0.05 million. During the same quarter last year, the business posted ($0.18) earnings per share. The firm’s revenue for the quarter 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 fiscal year.

Wall Street Analyst Weigh In

JOBY has been the subject of several research analyst reports. Wall Street Zen downgraded Joby Aviation from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Cantor Fitzgerald reiterated a “neutral” rating and set a $9.00 target price on shares of Joby Aviation in a research report on Monday, June 23rd. JPMorgan Chase & Co. lifted their price objective on Joby Aviation from $5.00 to $7.00 and gave the company an “underweight” rating in a report on Friday, August 1st. HC Wainwright downgraded Joby Aviation from a “buy” rating to a “neutral” rating in a report on Thursday, August 7th. Finally, Canaccord Genuity Group downgraded Joby Aviation from a “buy” rating to a “hold” rating and lifted their price objective for the company from $12.00 to $17.00 in a report on Thursday, August 7th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.50.

Institutional Trading of Joby Aviation

Several institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in Joby Aviation by 284.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock worth $27,000 after purchasing an additional 1,880 shares in the last quarter. GPS Wealth Strategies Group LLC raised its holdings in Joby Aviation by 32.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 3,097 shares of the company’s stock worth $33,000 after purchasing an additional 750 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in Joby Aviation in the second quarter worth about $39,000. Solstein Capital LLC bought a new position in Joby Aviation in the second quarter worth about $47,000. Finally, Carolinas Wealth Consulting LLC bought a new position in Joby Aviation in the fourth quarter worth about $41,000. 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.