Joby Aviation (NYSE:JOBY) Insider Didier Papadopoulos Sells 3,394 Shares

Joby Aviation, Inc. (NYSE:JOBYGet Free Report) insider Didier Papadopoulos sold 3,394 shares of Joby Aviation stock in a transaction on Monday, April 6th. The stock was sold at an average price of $8.76, for a total transaction of $29,731.44. Following the transaction, the insider directly owned 144,284 shares of the company’s stock, valued at approximately $1,263,927.84. This trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Thursday, April 2nd, Didier Papadopoulos sold 12,965 shares of Joby Aviation stock. The stock was sold at an average price of $8.15, for a total transaction of $105,664.75.
  • On Tuesday, March 17th, Didier Papadopoulos sold 2,594 shares of Joby Aviation stock. The shares were sold at an average price of $9.85, for a total transaction of $25,550.90.
  • On Monday, March 16th, Didier Papadopoulos sold 4,231 shares of Joby Aviation stock. The shares were sold at an average price of $9.94, for a total transaction of $42,056.14.
  • On Wednesday, March 11th, Didier Papadopoulos sold 1,172 shares of Joby Aviation stock. The shares were sold at an average price of $9.90, for a total transaction of $11,602.80.
  • On Tuesday, March 10th, Didier Papadopoulos sold 1,915 shares of Joby Aviation stock. The shares were sold at an average price of $10.25, for a total transaction of $19,628.75.
  • On Tuesday, February 17th, Didier Papadopoulos sold 6,366 shares of Joby Aviation stock. The shares were sold at an average price of $9.74, for a total transaction of $62,004.84.
  • 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 transaction of $14,063.15.
  • On Wednesday, January 14th, Didier Papadopoulos sold 804 shares of Joby Aviation stock. The shares were sold at an average price of $14.53, for a total transaction of $11,682.12.

Joby Aviation Stock Down 3.8%

Shares of Joby Aviation stock traded down $0.33 during trading on Tuesday, reaching $8.37. The company’s stock had a trading volume of 19,505,770 shares, compared to its average volume of 27,114,582. The business’s 50-day moving average price is $9.83 and its 200-day moving average price is $13.38. The firm has a market cap of $7.63 billion, a PE ratio of -7.34 and a beta of 2.68. Joby Aviation, Inc. has a 52 week low of $5.26 and a 52 week high of $20.95.

Joby Aviation (NYSE:JOBYGet Free Report) last announced its earnings results on Wednesday, February 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. The business had revenue of $30.84 million during the quarter, compared to the consensus estimate of $16.88 million. The company’s revenue was up 5506.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.34) EPS. Equities analysts predict that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Wall Street Analyst Weigh In

JOBY has been the subject of several research analyst reports. HC Wainwright restated a “buy” rating and set a $18.00 price objective on shares of Joby Aviation in a research report on Thursday, March 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Joby Aviation in a research report on Thursday, January 22nd. JPMorgan Chase & Co. lowered their price objective on shares of Joby Aviation from $8.00 to $7.00 and set an “underweight” rating for the company in a research report on Thursday, February 26th. Needham & Company LLC dropped their target price on shares of Joby Aviation to $18.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, Oppenheimer set a $18.00 target price on shares of Joby Aviation in a report on Thursday, February 26th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Joby Aviation has an average rating of “Reduce” and a consensus target price of $13.81.

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Key Stories Impacting Joby Aviation

Here are the key news stories impacting Joby Aviation this week:

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sowell Financial Services LLC bought a new position in Joby Aviation in the 3rd quarter valued at approximately $663,000. Pier 88 Investment Partners LLC bought a new position in Joby Aviation in the 3rd quarter valued at approximately $635,000. Voya Investment Management LLC increased its position in Joby Aviation by 20.0% during the 3rd quarter. Voya Investment Management LLC now owns 1,150,050 shares of the company’s stock valued at $18,562,000 after purchasing an additional 192,064 shares during the period. Valeo Financial Advisors LLC acquired a new stake in Joby Aviation during the 2nd quarter valued at approximately $461,000. Finally, Udine Wealth Management Inc. acquired a new stake in Joby Aviation during the 3rd quarter valued at approximately $1,414,000. Institutional investors own 52.85% of the company’s stock.

About Joby Aviation

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Joby Aviation (NYSE:JOBY)

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