Insider Selling: Joby Aviation, Inc. (NYSE:JOBY) Insider Sells $14,228.50 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 2,587 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $5.50, for a total transaction of $14,228.50. Following the completion of the transaction, the insider now owns 73,697 shares in the company, valued at $405,333.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, April 3rd, Didier Papadopoulos sold 11,362 shares of Joby Aviation stock. The stock was sold at an average price of $4.96, for a total value of $56,355.52.
• On Monday, March 18th, Didier Papadopoulos sold 3,267 shares of Joby Aviation stock. The shares were sold at an average price of $5.13, for a total value of $16,759.71.
• On Friday, March 15th, Didier Papadopoulos sold 4,217 shares of Joby Aviation stock. The shares were sold at an average price of $5.12, for a total transaction of $21,591.04.

Joby Aviation Trading Up 6.2 %

Joby Aviation stock opened at $5.20 on Friday. Joby Aviation, Inc. has a 52 week low of $4.47 and a 52 week high of $11.98. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of -6.41 and a beta of 2.04. The company’s 50-day moving average price is $5.10 and its two-hundred day moving average price is $5.70.

Joby Aviation (NYSE:JOBY) last announced its earnings results on Tuesday, May 7th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.03. The firm had revenue of $0.03 million for the quarter, compared to the consensus estimate of $0.05 million. During the same period in the previous year, the firm earned ($0.16) EPS. Joby Aviation’s revenue for the quarter was down 97.5% on a year-over-year basis. Research analysts expect that Joby Aviation, Inc. will post -0.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised Joby Aviation from an “underweight” rating to a “neutral” rating and set a $5.00 price target on the stock in a report on Friday, May 3rd. One analyst has rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $7.67.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of JOBY. ProShare Advisors LLC lifted its holdings in Joby Aviation by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 50,103 shares of the company’s stock valued at $269,000 after acquiring an additional 3,942 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Joby Aviation during the first quarter worth approximately $324,000. Janney Montgomery Scott LLC grew its position in Joby Aviation by 84.3% in the first quarter. Janney Montgomery Scott LLC now owns 202,223 shares of the company’s stock worth $1,084,000 after buying an additional 92,508 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Joby Aviation by 215.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 396,682 shares of the company’s stock valued at $1,965,000 after buying an additional 270,794 shares in the last quarter. Finally, Caprock Group LLC acquired a new stake in shares of Joby Aviation during the 1st quarter valued at $239,000. 45.54% of the stock is owned by institutional investors and hedge funds.

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.