Insider Selling: Joby Aviation (NYSE:JOBY) Insider Sells $62,004.84 in Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 6,366 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $9.74, for a total transaction of $62,004.84. Following the completion of the transaction, the insider directly owned 128,548 shares of the company’s stock, valued at $1,252,057.52. This represents a 4.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, February 13th, Didier Papadopoulos sold 10,382 shares of Joby Aviation stock. The shares were sold at an average price of $9.88, for a total transaction of $102,574.16.
• On Wednesday, February 11th, Didier Papadopoulos sold 816 shares of Joby Aviation stock. The stock was sold at an average price of $10.14, for a total value of $8,274.24.
• On Tuesday, February 10th, Didier Papadopoulos sold 1,333 shares of Joby Aviation stock. The shares were sold at an average price of $10.55, for a total value of $14,063.15.
• On Wednesday, January 14th, Didier Papadopoulos sold 804 shares of Joby Aviation stock. The stock was sold at an average price of $14.53, for a total value of $11,682.12.
• On Tuesday, January 13th, Didier Papadopoulos sold 1,367 shares of Joby Aviation stock. The shares were sold at an average price of $14.84, for a total value of $20,286.28.
• On Monday, January 5th, Didier Papadopoulos sold 6,429 shares of Joby Aviation stock. The stock was sold at an average price of $15.84, for a total transaction of $101,835.36.
• 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 Stock Up 1.8%

Joby Aviation stock opened at $10.28 on Friday. Joby Aviation, Inc. has a 12 month low of $4.96 and a 12 month high of $20.95. The stock has a market cap of $9.37 billion, a P/E ratio of -7.67 and a beta of 2.57. The company’s fifty day simple moving average is $13.10 and its 200-day simple moving average is $14.71.

Analysts Set New Price Targets

Several brokerages recently commented on JOBY. Weiss Ratings reissued a “sell (d-)” rating on shares of Joby Aviation in a research note on Thursday, January 22nd. Zacks Research upgraded shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. HC Wainwright reiterated a “neutral” rating on shares of Joby Aviation in a report on Monday, November 24th. The Goldman Sachs Group started coverage on shares of Joby Aviation in a research report on Monday, December 1st. They set a “sell” rating and a $10.00 target price on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 price target on shares of Joby Aviation in a research report on Thursday, November 6th. 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. According to MarketBeat, Joby Aviation has an average rating of “Reduce” and a consensus price target of $13.21.

Hedge Funds Weigh In On Joby Aviation

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its holdings in shares of Joby Aviation by 207.4% during the 4th quarter. Fifth Third Bancorp now owns 1,998 shares of the company’s stock worth $26,000 after purchasing an additional 1,348 shares in the last quarter. Asset Planning Inc lifted its position in Joby Aviation by 70.0% in the third quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock worth $27,000 after purchasing an additional 700 shares during the period. 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 worth $27,000 after buying an additional 1,880 shares in the last quarter. Canton Hathaway LLC bought a new stake in Joby Aviation in the 3rd quarter valued at $29,000. Finally, Strategic Advocates LLC acquired a new position in shares of Joby Aviation in the 3rd quarter valued at $29,000. 52.85% of the stock is currently owned by institutional investors.

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.