Didier Papadopoulos Sells 10,382 Shares of Joby Aviation (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) insider Didier Papadopoulos sold 10,382 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $9.88, for a total value of $102,574.16. Following the transaction, the insider directly owned 134,914 shares in the company, valued at approximately $1,332,950.32. The trade was a 7.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Tuesday, February 17th, Didier Papadopoulos sold 6,366 shares of Joby Aviation stock. The stock was sold at an average price of $9.74, for a total value of $62,004.84.
• 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 shares were 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 stock was 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 shares were 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 stock was 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 value of $89,745.13.

Joby Aviation Price Performance

NYSE:JOBY traded up $0.08 during mid-day trading on Tuesday, hitting $9.98. The company’s stock had a trading volume of 15,713,523 shares, compared to its average volume of 30,759,029. The business’s fifty day moving average is $13.30 and its two-hundred day moving average is $14.77. The stock has a market cap of $9.10 billion, a price-to-earnings ratio of -7.45 and a beta of 2.57. Joby Aviation, Inc. has a 1 year low of $4.96 and a 1 year high of $20.95.

Institutional Investors Weigh In On Joby Aviation

A number of large investors have recently modified their holdings of JOBY. Sowell Financial Services LLC purchased a new stake in shares of Joby Aviation during the 3rd quarter worth approximately $663,000. Pier 88 Investment Partners LLC acquired a new stake in Joby Aviation during the 3rd quarter worth $635,000. Voya Investment Management LLC boosted its stake in Joby Aviation by 20.0% in the third quarter. Voya Investment Management LLC now owns 1,150,050 shares of the company’s stock valued at $18,562,000 after acquiring an additional 192,064 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in Joby Aviation in the second quarter valued at $461,000. Finally, Udine Wealth Management Inc. purchased a new position in shares of Joby Aviation during the third quarter worth about $1,414,000. 52.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Zacks Research raised Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Joby Aviation in a report on Thursday, January 22nd. HC Wainwright reiterated a “neutral” rating on shares of Joby Aviation in a research report on Monday, November 24th. The Goldman Sachs Group assumed coverage on Joby Aviation in a research report on Monday, December 1st. They set a “sell” rating and a $10.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of Joby Aviation from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $13.21.

About Joby Aviation

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.