Didier Papadopoulos Sells 1,979 Shares of Joby Aviation (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 1,979 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $14.08, for a total transaction of $27,864.32. Following the transaction, the insider directly owned 101,779 shares of the company’s stock, valued at $1,433,048.32. This represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 transaction 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 value 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 value of $259,066.42.

Joby Aviation Price Performance

Shares of JOBY traded down $0.14 during mid-day trading on Tuesday, hitting $14.06. The stock had a trading volume of 13,713,077 shares, compared to its average volume of 26,333,805. Joby Aviation, Inc. has a 52 week low of $4.96 and a 52 week high of $20.95. The business has a fifty day moving average price of $15.44 and a 200-day moving average price of $14.31. The firm has a market cap of $12.82 billion, a P/E ratio of -10.49 and a beta of 2.53.

Joby Aviation (NYSE:JOBY) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.48) earnings per share 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. During the same period last year, the firm earned ($0.21) EPS. The business’s revenue for the quarter was up 7962.1% compared to the same quarter last year. As a group, research analysts expect that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on JOBY. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a research note on Wednesday, October 8th. Zacks Research raised shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. lifted their price objective on shares of Joby Aviation from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Friday, October 31st. Needham & Company LLC restated a “buy” rating and set a $22.00 target price on shares of Joby Aviation in a research report on Thursday, November 6th. Finally, HC Wainwright reaffirmed a “neutral” rating on shares of Joby Aviation in a report on Monday, November 24th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $13.43.

Hedge Funds Weigh In On Joby Aviation

Hedge funds have recently bought and sold shares of the company. Asset Planning Inc lifted its stake in 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 purchasing an additional 700 shares in the last quarter. EverSource Wealth Advisors LLC grew 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 valued at $27,000 after purchasing an additional 1,880 shares in the last quarter. Canton Hathaway LLC bought a new position in shares of Joby Aviation in the third quarter worth $29,000. Strategic Advocates LLC purchased a new stake in shares of Joby Aviation in the third quarter worth $29,000. Finally, Hilltop National Bank bought a new stake in Joby Aviation during the third quarter valued at $32,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.

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.