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 company’s stock in a transaction that occurred 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 directly owned 103,758 shares of the company’s stock, valued at $1,555,332.42. The trade was a 5.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 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 Price Performance

Joby Aviation stock opened at $14.06 on Wednesday. Joby Aviation, Inc. has a fifty-two week low of $4.96 and a fifty-two week high of $20.95. The firm has a fifty day moving average price of $15.35 and a two-hundred day moving average price of $14.36. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of -10.49 and a beta of 2.53.

Joby Aviation (NYSE:JOBY) last issued its quarterly 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 firm had revenue of $22.57 million during the quarter, compared to the consensus estimate of $0.02 million. During the same quarter in the prior year, the company posted ($0.21) earnings per share. The business’s revenue was up 7962.1% compared to the same quarter last year. As a group, sell-side analysts expect that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on JOBY shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Joby Aviation in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of Joby Aviation from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Friday, October 31st. Morgan Stanley upped their target price on shares of Joby Aviation from $7.00 to $15.00 and gave the company an “equal weight” rating in a research note on Thursday, October 9th. The Goldman Sachs Group began coverage on shares of Joby Aviation in a research report on Monday, December 1st. They issued a “sell” rating and a $10.00 price target on the stock. Finally, Needham & Company LLC reaffirmed 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 issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $13.43.

Institutional Investors Weigh In On Joby Aviation

A number of institutional investors have recently bought and sold shares of JOBY. Ring Mountain Capital LLC bought a new position in shares of Joby Aviation in the second quarter worth about $211,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Joby Aviation in the second quarter valued at approximately $1,018,000. Marex Group plc bought a new position in Joby Aviation in the 2nd quarter worth approximately $549,000. Intech Investment Management LLC lifted its holdings in Joby Aviation by 70.4% during the 1st quarter. Intech Investment Management LLC now owns 307,135 shares of the company’s stock worth $1,849,000 after buying an additional 126,908 shares in the last quarter. Finally, Toyota Motor Corp lifted its holdings in Joby Aviation by 63.1% during the 2nd quarter. Toyota Motor Corp now owns 128,454,401 shares of the company’s stock worth $1,355,194,000 after buying an additional 49,701,790 shares in the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

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.