Insider Selling: Joby Aviation (NYSE:JOBY) Insider Sells $89,745.13 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 5,987 shares of Joby Aviation stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $14.99, for a total transaction of $89,745.13. Following the sale, the insider owned 103,758 shares of the company’s stock, valued at approximately $1,555,332.42. The trade was a 5.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 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 shares were sold at an average price of $16.78, for a total transaction of $259,066.42.

Joby Aviation Stock Performance

Shares of JOBY opened at $13.87 on Friday. The business’s 50-day moving average is $15.20 and its two-hundred day moving average is $14.35. The company has a market capitalization of $12.65 billion, a P/E ratio of -10.35 and a beta of 2.53. Joby Aviation, Inc. has a fifty-two week low of $4.96 and a fifty-two week high of $20.95.

Joby Aviation (NYSE:JOBY) last issued its earnings results on Wednesday, November 5th. The company reported ($0.48) EPS 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. The firm’s revenue was up 7962.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.21) EPS. Analysts forecast that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Institutional Investors Weigh In On Joby Aviation

Several institutional investors and hedge funds have recently added to or reduced their stakes in JOBY. Asset Planning Inc lifted its holdings in Joby Aviation by 70.0% during the third quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock valued at $27,000 after purchasing an additional 700 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Joby Aviation by 284.8% during the 2nd 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 during the last quarter. Canton Hathaway LLC acquired a new position in shares of Joby Aviation during the 3rd quarter worth about $29,000. Strategic Advocates LLC purchased a new position in Joby Aviation in the 3rd quarter valued at about $29,000. Finally, Hilltop National Bank acquired a new stake in Joby Aviation in the 3rd quarter worth about $32,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on JOBY. JPMorgan Chase & Co. upped their price objective on Joby Aviation from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Friday, October 31st. Needham & Company LLC reiterated a “buy” rating and issued a $22.00 target price on shares of Joby Aviation in a research note on Thursday, November 6th. Zacks Research upgraded shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. The Goldman Sachs Group assumed coverage on shares of Joby Aviation in a report on Monday, December 1st. They issued a “sell” rating and a $10.00 price objective for the company. Finally, Morgan Stanley upped their price objective on shares of 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 investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Joby Aviation presently has an average rating of “Reduce” and an average target price of $13.43.

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.