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

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 5,987 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $14.99, for a total value of $89,745.13. Following 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 can be accessed through 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 shares were sold at an average price of $14.08, for a total value 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 Stock Down 6.1%

Shares of JOBY opened at $13.21 on Thursday. The company has a 50 day moving average of $15.26 and a two-hundred day moving average of $14.35. Joby Aviation, Inc. has a twelve month low of $4.96 and a twelve month high of $20.95. The company has a market cap of $12.05 billion, a price-to-earnings ratio of -9.86 and a beta of 2.53.

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

Wall Street Analyst Weigh In

JOBY has been the subject of several research reports. The Goldman Sachs Group initiated coverage on shares of Joby Aviation in a research note on Monday, December 1st. They set a “sell” rating and a $10.00 price objective for the company. JPMorgan Chase & Co. increased their target price on shares of Joby Aviation from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Friday, October 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Joby Aviation in a research note on Wednesday, October 8th. Zacks Research upgraded Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Morgan Stanley raised their price objective on Joby Aviation from $7.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 9th. 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $13.43.

Hedge Funds Weigh In On Joby Aviation

A number of hedge funds and other institutional investors have recently bought and sold shares of JOBY. Asset Planning Inc lifted its holdings 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 buying an additional 700 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Joby Aviation by 284.8% during 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. Canton Hathaway LLC purchased a new position in Joby Aviation in the third quarter valued at $29,000. Strategic Advocates LLC acquired a new stake in Joby Aviation in the third quarter valued at $29,000. Finally, Hilltop National Bank purchased a new stake in Joby Aviation during the 3rd quarter worth about $32,000. 52.85% of the stock is currently owned by hedge funds and other 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.