Joby Aviation (NYSE:JOBY) Insider Sells $101,835.36 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 6,429 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $15.84, for a total transaction of $101,835.36. Following the sale, the insider owned 113,718 shares of the company’s stock, valued at approximately $1,801,293.12. The trade was a 5.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, January 2nd, Didier Papadopoulos sold 11,650 shares of Joby Aviation stock. The stock was sold at an average price of $13.51, for a total transaction of $157,391.50.
• 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 transaction of $27,864.32.
• 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 transaction of $89,745.13.

Joby Aviation Trading Up 11.5%

NYSE JOBY traded up $1.65 during trading hours on Monday, reaching $16.01. The company’s stock had a trading volume of 36,750,666 shares, compared to its average volume of 29,296,010. The business has a 50-day simple moving average of $14.64 and a 200 day simple moving average of $14.84. Joby Aviation, Inc. has a 52 week low of $4.96 and a 52 week high of $20.95. The stock has a market cap of $14.60 billion, a PE ratio of -11.95 and a beta of 2.56.

Joby Aviation (NYSE:JOBY) last posted its earnings results on Wednesday, November 5th. The company reported ($0.48) 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. The company’s revenue was up 7962.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.21) earnings per share. As a group, equities analysts predict that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Institutional Investors Weigh In On Joby Aviation

A number of institutional investors have recently added to or reduced their stakes in JOBY. Asset Planning Inc raised its stake in shares of Joby Aviation by 70.0% in 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 boosted its stake in Joby Aviation by 284.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock valued at $27,000 after buying an additional 1,880 shares in the last quarter. Canton Hathaway LLC acquired a new position in Joby Aviation during the third quarter worth about $29,000. Strategic Advocates LLC acquired a new position in Joby Aviation during the third quarter worth about $29,000. Finally, Hilltop National Bank bought a new stake in Joby Aviation in the third quarter worth about $32,000. 52.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased their target price on Joby Aviation from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Friday, October 31st. The Goldman Sachs Group began coverage on shares of Joby Aviation in a research report on Monday, December 1st. They set a “sell” rating and a $10.00 price target for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, HC Wainwright reaffirmed a “neutral” rating on shares of Joby Aviation in a report on Monday, November 24th. One research 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 data from MarketBeat.com, Joby Aviation has a consensus rating of “Reduce” and a consensus target price of $13.43.

Joby Aviation Company Profile

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company’s core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby’s eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company’s flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.