Insider Selling: Joby Aviation (NYSE:JOBY) Insider Sells 6,366 Shares of Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 6,366 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $9.74, for a total value 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. The trade was a 4.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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 shares were sold at an average price of $10.14, for a total transaction 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 stock was 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 shares were sold at an average price of $15.84, for a total value 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 Price Performance

JOBY stock traded up $0.08 during trading on Tuesday, hitting $9.98. The stock had a trading volume of 15,713,523 shares, compared to its average volume of 30,759,029. The company’s 50-day moving average price is $13.30 and its two-hundred day moving average price is $14.77. Joby Aviation, Inc. has a twelve month low of $4.96 and a twelve month high of $20.95. The stock has a market capitalization of $9.10 billion, a P/E ratio of -7.45 and a beta of 2.57.

Institutional Investors Weigh In On Joby Aviation

Several large investors have recently added to or reduced their stakes in JOBY. Abel Hall LLC raised its stake in shares of Joby Aviation by 72.9% in the fourth quarter. Abel Hall LLC now owns 18,109 shares of the company’s stock valued at $239,000 after acquiring an additional 7,635 shares in the last quarter. Cetera Investment Advisers raised its holdings in Joby Aviation by 24.4% during the fourth quarter. Cetera Investment Advisers now owns 284,484 shares of the company’s stock worth $3,755,000 after purchasing an additional 55,880 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Joby Aviation in the 4th quarter valued at $1,390,000. Price T Rowe Associates Inc. MD grew its position in shares of Joby Aviation by 80.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,384,180 shares of the company’s stock valued at $44,672,000 after buying an additional 1,512,094 shares during the last quarter. Finally, Ghisallo Capital Management LLC acquired a new stake in Joby Aviation during the 4th quarter worth $3,960,000. 52.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on JOBY. HC Wainwright reiterated a “neutral” rating on shares of Joby Aviation in a report on Monday, November 24th. Weiss Ratings restated a “sell (d-)” rating on shares of Joby Aviation in a research report on Thursday, January 22nd. The Goldman Sachs Group started coverage on Joby Aviation in a research report on Monday, December 1st. They set a “sell” rating and a $10.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and issued a $22.00 target price on shares of Joby Aviation in a report on Thursday, November 6th. Finally, Zacks Research upgraded Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $13.21.

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.