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 firm’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 directly owned 101,779 shares of the company’s stock, valued at $1,433,048.32. This trade represents a 1.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, December 15th, Didier Papadopoulos sold 5,987 shares of Joby Aviation stock. The stock was 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 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 shares were sold at an average price of $16.78, for a total transaction of $259,066.42.

Joby Aviation Stock Down 1.0%

JOBY traded down $0.14 during trading on Tuesday, hitting $14.06. 13,713,077 shares of the company’s stock were exchanged, compared to its average volume of 26,333,805. Joby Aviation, Inc. has a fifty-two week low of $4.96 and a fifty-two week high of $20.95. The stock has a market cap of $12.82 billion, a P/E ratio of -10.49 and a beta of 2.53. The business’s 50 day moving average is $15.44 and its two-hundred day moving average is $14.31.

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

Analysts Set New Price Targets

A number of analysts have commented on the company. HC Wainwright reissued a “neutral” rating on shares of Joby Aviation in a report on Monday, November 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 target price on shares of Joby Aviation in a research report on Thursday, November 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Joby Aviation in a research report on Wednesday, October 8th. Morgan Stanley raised their price objective on Joby Aviation from $7.00 to $15.00 and gave the company an “equal weight” rating in a research note on Thursday, October 9th. Finally, The Goldman Sachs Group assumed coverage on shares of Joby Aviation in a report on Monday, December 1st. They set a “sell” rating and a $10.00 price objective on the stock. One equities research 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. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $13.43.

Hedge Funds Weigh In On Joby Aviation

Several institutional investors have recently modified their holdings of JOBY. Toyota Motor Corp lifted its holdings in Joby Aviation by 63.1% during the second quarter. Toyota Motor Corp now owns 128,454,401 shares of the company’s stock worth $1,355,194,000 after acquiring an additional 49,701,790 shares during the period. Vanguard Group Inc. grew its stake in Joby Aviation by 13.2% in the 3rd quarter. Vanguard Group Inc. now owns 49,948,325 shares of the company’s stock valued at $806,166,000 after purchasing an additional 5,828,189 shares during the period. Geode Capital Management LLC increased its position in shares of Joby Aviation by 5.4% during the 2nd quarter. Geode Capital Management LLC now owns 11,109,935 shares of the company’s stock valued at $117,230,000 after purchasing an additional 573,328 shares during the last quarter. State Street Corp raised its stake in shares of Joby Aviation by 3.0% during the 2nd quarter. State Street Corp now owns 10,392,018 shares of the company’s stock worth $109,636,000 after purchasing an additional 305,109 shares during the period. Finally, Rheos Capital Works Inc. raised its stake in shares of Joby Aviation by 58.2% during the 2nd quarter. Rheos Capital Works Inc. now owns 7,205,000 shares of the company’s stock worth $76,013,000 after purchasing an additional 2,650,000 shares during the period. 52.85% of the stock is owned by institutional investors.

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.