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

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 5,987 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $14.99, for a total transaction of $89,745.13. Following the completion of the sale, the insider owned 103,758 shares of the company’s stock, valued at $1,555,332.42. This trade represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, December 16th, Didier Papadopoulos sold 1,979 shares of Joby Aviation stock. The stock was sold at an average price of $14.08, for a total transaction of $27,864.32.
• 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 transaction of $92,244.16.
• On Thursday, October 2nd, Didier Papadopoulos sold 15,439 shares of Joby Aviation stock. The stock was sold at an average price of $16.78, for a total transaction of $259,066.42.

Joby Aviation Price Performance

Shares of NYSE:JOBY traded down $0.14 during midday trading on Tuesday, hitting $14.06. The company had a trading volume of 13,713,077 shares, compared to its average volume of 26,333,805. Joby Aviation, Inc. has a twelve month low of $4.96 and a twelve month high of $20.95. The stock has a market cap of $12.82 billion, a price-to-earnings ratio of -10.49 and a beta of 2.53. The business’s 50-day simple moving average is $15.44 and its 200-day simple moving average is $14.31.

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

Institutional Investors Weigh In On Joby Aviation

A number of institutional investors have recently modified their holdings of JOBY. Asset Planning Inc lifted its stake in Joby Aviation by 70.0% during the 3rd quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock worth $27,000 after acquiring an additional 700 shares in the last quarter. Strategic Advocates LLC purchased a new stake in Joby Aviation during the third quarter worth about $29,000. Canton Hathaway LLC acquired a new stake in shares of Joby Aviation during the third quarter worth about $29,000. Hilltop National Bank purchased a new position in shares of Joby Aviation in the third quarter valued at approximately $32,000. Finally, Ancora Advisors LLC acquired a new position in shares of Joby Aviation in the third quarter valued at approximately $35,000. 52.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Zacks Research raised shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. raised their price target on shares of Joby Aviation from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Friday, October 31st. HC Wainwright reiterated a “neutral” rating on shares of Joby Aviation in a report on Monday, November 24th. Morgan Stanley raised their target price on Joby Aviation from $7.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 9th. Finally, Needham & Company LLC reissued a “buy” rating and set a $22.00 price objective on shares of Joby Aviation in a research report on Thursday, November 6th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $13.43.

About Joby Aviation

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.